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Latest News on China

China Tech Digest: Baidu To Launch Robotaxi Service In May; JD Logistics’ HK IPO Approved

China Tech Digest: Baidu To Launch Robotaxi Service In May; JD Logistics' HK IPO Approved – China Money Network - China Money Network

CHINAMONEYNETWORK.COM5d ago

China's Baidu to launch paid driverless ride-hailing services in Beijing

Baidu will launch paid driverless robotaxi services in Beijing from May 2, the Chinese tech giant said on Thursday, making it the among the first companies in the country to offer autonomous driving robotaxi services to paying users.

REUTERS.COM5d ago

China companies raise over 11x more money in the US year-on-year

Foreign Direct Investments (FDI) into China rose by 4% despite the global pandemic

Alfred LeeApr 27, 2021

ByteDance squares off against Meituan in local services market

Tech unicorn ByteDance is stepping up its efforts in China’s local services market through short video platform Douyin, the sister app of TikTok.

SCMP.COMApr 26, 2021

China doubles down on regulation of livestream e-commerce · TechNode

Livestream e-commerce has become essential to marketing in pandemic-era China—more than 4 million e-commerce sessions were streamed in Q1 2020.

TECHNODE.COMApr 26, 2021

EVs set to take off in China as rural consumers embrace USD 4,400 model | KrASIA

Shanghai auto show opens, targeting middle class in cities next.

KR-ASIA.COMApr 22, 2021

China's Trip.com just went public, raising $1.1 billion on the Hong Kong stock market

Trip.com reported a net revenue of $770 million in Q4 2020

Alfred LeeApr 20, 2021

China Tech Digest: ByteDance Won Global Video Codecs Comparison Event; Digital RMB Tested In Hong Kong

China Tech Digest: ByteDance Won Global Video Codecs Comparison Event; Digital RMB Tested In Hong Kong – China Money Network - China Money Network

CHINAMONEYNETWORK.COMApr 18, 2021

Foreign direct investment into China surges nearly 40 per cent in first quarter

A total of 10,263 new foreign-invested companies were established in China from January to March, and the FDI growth rate far surpassed the rate seen during the same period in 2019, before the coronavirus.

SCMP.COMApr 18, 2021

China gets serious about antitrust, fines Alibaba $2.75B – TechCrunch

Chinese regulators have hit Alibaba with a record fine of 18 billion yuan (about $2.75 billion) for violating anti-monopoly rules as the country seeks to rein in the power of its largest internet conglomerates. In November, China proposed sweeping antitrust regulations targeting its interent economy. In late December, the State Administration for Market Regulation said […]

TECHCRUNCH.COMApr 12, 2021

China's Abogen Biosciences raises $92m in Series B round

Suzhou Abogen Biosciences has raised as much as 600-million yuan ($92 million) in its Series B round to expand its operation.

DEALSTREETASIA.COMApr 12, 2021

Exclusive: China's Bilibili in talks to buy Yoozoo Games' stake in $765 million deal - sources

China's Bilibili is in talks to buy a 24% stake in Yoozoo Games as part of a nearly 5 billion yuan ($765 million) deal, two people said, as the online video site aims to tap its legion of young users to grow in the world's top gaming market.

REUTERS.COMApr 12, 2021

After over $1b in profit, China's ride-hailing giant DiDi plans to make its own cars

DiDi is laying the groundwork to become China's largest vehicle ecosystem.

Alfred LeeApr 08, 2021

China's Geely to set up new aerospace company

China's Zhejiang Geely Holding Group plans to set up a commercial aerospace company to develop its satellite and communications technologies in the southern city of Guangzhou, local government said on Tuesday.

REUTERS.COMApr 01, 2021

China’s Geely wants to take on Tesla; creates $300m fund to invest in electric vehicles with Korea's SK Holdings

Geely and SK Holdings are looking to support the future of electric vehicles.

Faith BaltazarMar 20, 2021

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