Ruike laser performance express: net profit of RMB 474 million in 2021, with a year-on-year increase of 60.17%

Challenge and Opportunity in the Thriving AR and VR Industry

The stay-at-home economy trend is on the rise, which has driven the sales of Augmented Reality (AR) and Virtual Reality (VR) equipment increase. At the same time, the metaverse promotes AR/VR technology development and equipment sales, driving the application development of virtual experience in various fields such as games, concerts, and stores. 

China’s Ministry of Finance Allocated CNY 2.7 billion to Subsidize Renewable Energy

China's Ministry of Finance recently issued a notice on additional Subsidies worth over CNY 2.7 billion (USD 403 million) for renewable energy electricity prices in 2022. 11 provinces and cities were included.

Industrial Next Bags USD 12 Million in Pre-Series A Round, Led by LCIG

Manufacturing service provider Industrial Next completed its Pre-Series A funding round worth USD 12 million. It is the first multinational tech company jointly incubated and invested by MiraclePlus and Y Combinator, with a mission to bring Tesla autonomous manufacturing to every automaker and producer.

Li Auto, Nvidia and Desay SV Automotive Sign a Tripartite Agreement 

Li Auto's second product, a full-sized SUV, will be the first to use Nvidia's Orin system-on-chip product. 

Self-driving and IoV to be New Business Engines for Desay SV

The intelligent cockpit has been the firm’s core business, taking up 90% of revenues; Desay SV is pivoting towards ADAS and IoV to capture opportunities in the era of autonomous driving.