WeNect Closes USD 55 Mn Series B Round

The fund was co-led by Temasek Holdings, Cathay Capital, and HaoChen Capital, with participation from NIO Capital, CAS Investment Management, and Creo Capital.

NetEase Cloud Music Valued at CNY 4.75 Bn, with a Share Price of CNY 167.28

NetEase Cloud music expect to close the financing with a total fund of CNY 2.67 billion and a market value of about CNY 34.753 billion.

GTA Semiconductor Completes Strategic Financing of CNY 8 Bn

This round of financing will help GTA Semiconductor give full play to its advantages, as well as increase the R&D in vehicle-scale chip manufacturing, to further accelerate and consolidate the improvement of automotive electronics manufacturing capacity.

Taking Stock of the Largest Layoff in iQIYI’s History

Gong Yu, CEO of iQIYI, said, 'the focus now is to increase revenue and reduce expenditure, cut down inefficient businesses and projects and try new monetization opportunities.'

WELL-LINK Completes CNY 400 mn Series B Round Financing Led by Mingshi Capital

The earlier round of financing was CNY 150 million, invested by Xiaomi in April 2021.

Renal Denervation Field Leader SyMap Medical Completes USD 100 mn Funding Round

The healthcare firm focuses on innovative interventional therapy for major diseases in the cardiovascular and respiratory fields.

14 Days Countdown! China & the World Summit I - Investing in China is approaching!

Will China remain an attractive investment destination in years to come?

BYD Launches Flagship 'Han' EV in Costa Rica

The sedan also debuted in other Central American countries.

JD.com's 'Hourly Purchase' Plan Boosts Dada Group's Revenue Growth

Looking ahead to the fourth quarter of 2021, Dada Group expects its total revenue, assuming Dada Express's Last-mile delivery services perform consistently, to grow from between 88% to 97% YoY.

Xiaomi's Revenue Hits CNY 78 Billion in Q3 2021

As of Q3 2021, Xiaomi has invested in more than 360 companies, with book value of CNY 59.1 billion.

Volkswagen Offers NIO-Like 'Battery Rental' Program for ID.3 Buyers in China

The ID. family of electric vehicles sold 12,736 units in China in October, up 25.8 percent from 10,126 units in September, according to data released by VW earlier this month. The ID.3 delivered 1,255 units in its first week of availability in China.

Tesla Raises Prices of Entry-Level Model 3 and Model Y in China

Musk says Model S Plaid could come to China around March next year.