News

6 April 2022

Author: Zhixin Wan

Elon Musk becomes Twitter’s largest shareholder

On April 4, Tesla Motor’s CEO Elon Musk disclosed a 9.2% stake in Twitter, worth nearly $3 billion (19 billion yuan), making him Twitter’s largest shareholder and triggering a rise of over 27% in the company’s shares.

4 April 2022

News

Automotive Business Environmental

Author: Zhixin Wan

Auto maker BYD is the first auto company to halt production of all petrol vehicles

BYD Auto announced that in accordance with its strategic development needs, the company stopped manufacturing all fuel-powered cars in March 2022.

4 April 2022

News

Blockchain Business Consumer

Author: Zhixin Wan

Pop icon Jay Chou’s NFT worth 3 million yuan reportedly stolen

Taiwanese pop star Jay Chou posted on social media that his Bored Ape NFT, BAYC #3738, had been stolen and is suspected of falling victim to a phishing attack.

1 April 2022

News

Automotive Business

Author: Zhixin Wan

NIO CEO responds to phone manufacturing rumours

NIO vehicle owners are interested in a mobile phone that can better connect with the car, prompting NIO to investigate this market.

31 March 2022

News

Business Finance

Author: Zhixin Wan

Lalamove is seeking new funding at a valuation of $10 billion

Lalamove will seek new financing at a $10 billion valuation and intends to raise around $500 million in fresh capital ahead of its IPO.

29 March 2022

News

Business Future R&D US

Author: Zhixin Wan

TSMC and Samsung urge the U.S. to open its $52 billion chip subsidy plan

TSMC and Samsung Electronics urged the U.S. to allow foreign companies to participate in the $52 billion subsidy plan.

28 March 2022

News

Business R&D US

Author: Zhixin Wan

Huawei responds to Russian company’s testing of the Harmony OS

Due to U.S. sanctions, Google has halted the certification of smartphones from a Russian telephone company, BQ, from running Android operating systems.

28 March 2022

News

Business Food & Beverage People & Culture

Author: Zhixin Wan

Chinese local policies support ready-to-cook food industry

Ready-to-cook foods are increasingly popular in the Chinese market and local policies are changing to reflect the trend.

23 March 2022

News

Automotive Business Commerce

Author: Zhixin Wan

Didi is venturing into the automobile manufacturing business

Didi has been preparing for its move into autonomous driving for quite some time and has started to establish its own R&D teams in Beijing and Shenzhen.

23 March 2022

News

Business Environmental Future

Author: Zhixin Wan

Environmental issues stymied Meta’s plans to build Dutch data centre

On March 22, The Dutch Senate passed a motion calling on the government to use its power to temporarily prohibit Meta (formerly known as Facebook) from building data centres in the Netherlands.

22 March 2022

News

Automotive Business R&D

Author: Zhixin Wan

Xiaomi Auto has an R&D team of over 1,000 people

Xiaomi’s smart electric vehicle business has progressed faster than expected since the company revealed ambitions to produce the automobile in March 2021.

21 March 2022

News

Business Consumer Finance

Author: Zhixin Wan

Two sponsors were slapped with hefty fines in the aftermath of LeEco’s fraud

According to an investigation by the China Securities Regulatory Commission (CSRC), LeEco’s financial fraud began as early as 2007.

News – Business

Auto maker BYD is the first auto company to halt production of all petrol vehicles

Pop icon Jay Chou’s NFT worth 3 million yuan reportedly stolen

NIO CEO responds to phone manufacturing rumours

Lalamove is seeking new funding at a valuation of $10 billion

TSMC and Samsung urge the U.S. to open its $52 billion chip subsidy plan

Huawei responds to Russian company’s testing of the Harmony OS

Chinese local policies support ready-to-cook food industry

Didi is venturing into the automobile manufacturing business

Environmental issues stymied Meta’s plans to build Dutch data centre

Xiaomi Auto has an R&D team of over 1,000 people

Two sponsors were slapped with hefty fines in the aftermath of LeEco’s fraud

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