SHEIN Refutes Risk of Shutdown in the US
A recent report suggested that Chinese fast fashion retailer SHEIN could face the threat of a "Shut Down SHEIN" campaign. SHEIN has denied the allegations and affirmed its adherence to US laws and regulations.
Tim Cook Commends China’s Innovation and Longstanding Partnership With Apple
During the China Development Forum on March 25, Apple CEO Tim Cook commended China for its rapid advancements in innovation and its longstanding relationship with Apple.
Huawei Completes Localization of EDA Tools above 14nm
On March 24th, it was learned that Huawei's chip design team has worked with domestic enterprises to build EDA tools for processes above 14nm and will complete the necessary verifications in 2023.
Batteries from Chinese-made Tesla Model 3 Standard Range Version Lose Tax Break
On March 23rd, Tesla revealed to employees that it is expected to lose the entire $7500 of federal tax break because its cheapest electric vehicle uses Chinese batteries.
UISEE Technologies Raises Several Hundred Million Yuan in Round C Financing
On March 24th, UISEE Technologies, a cutting-edge driverless solution provider, officially announced the completion of a round C financing worth several hundred million yuan. This round of investment was led by Dongfeng Asset Management and Chongqing High-tech Holdings under Chongqing High-tech Development and Construction Investment Group. The funds will accelerate the broad-based expansion of UISEE Technologies in key strategic industries.
China Approves 86 Games in March, Including Tencent, NetEase Titles
On March 23, China's video game regulator approved a total of 86 games for release this month, including titles from major companies such as Tencent, NetEase, 37 Interactive Entertainment, and Leiting Games.
CATL Changes Co-President of Market Amid Slowing Demand for Batteries
The growth rate of electric vehicles in China has been decelerating, and the demand for battery power is lower than expected. CATL, a battery giant, is actively seeking new growth opportunities while pushing for cost reductions. A recent change in personnel is a clear indication of this effort.
Huawei Tests “FusionCharge” Piles
Huawei has built and is now operating a supercharging station for electric cars at its base in Shenzhen.
Lenovo Reportedly to Cut Legion Gaming Smartphone Business
Gaming smartphones are having a hard time at present. Lenovo's smartphone brand Legion is reported to be completely abolished.
Chinese Scientist Nieng Yan Assigned as Director of Shenzhen Bay Laboratory
Well known Chinese structural biologist Nieng Yan was appointed as the director of Shenzhen Bay Laboratory on March 22.