Tesla is currently building the second phase of its Shanghai plant, which seems to be in the roof laying stage.
Chinese are the largest tourist demographic on earth, and as China and many other countries keep their borders closed, companies servicing this massive body of travelers are experiencing enormous losses.
This past week saw Keep, China’s answer to Nike’s Training Club, officially become the first unicorn in the world of fitness tech.
After the release of its Q1 financial report on May 15, JD.com accelerated its preparations for a secondary listing in Hong Kong.
On May 20, Tesla’s Global Vice President Grace Tao said the Tesla Shanghai super factory will begin mass production of the Model Y in the first quarter of 2021.
Luckin Coffee resumed trading on Nasdaq today after announcing that on May 15, 2020, it had received a written notice from the stock market’s Listing Qualifications Staff that its securities were determined to be delisted from Nasdaq.
The latest data from Canalys revealed that Chinese smartphone company OPPO managed to considerably strengthen its foothold, growing its market share by 1014% year-on-year in Q1 2020.
Chinese video hosting service Bilibili released its Q1 2020 financial results on May 19.
AI and Cloud were the VC focus in China this past week.
On May 7, Budweiser Asia Pacific announced its unaudited Q1 2020 financial results. The company’s revenue in Q1 fell by 39%, while its revenue in the Chinese market fell by as much as 45.4%.
On March 24, Indian Prime Minister Narendra Modi announced a 21-day lockdown to curb the spread of the COVID-19 epidemic that officially started on April 25.
Huawei announced on its official website the first batch of 18 car companies that will become part of its 5G automotive ecosystem.
Several days ago, one of China’s largest delivery companies, SF Express, launched a new platform "Fengshi", which focuses on food delivery services for enterprises.
Xiaomi announced new personnel appointment today, confirming rumors that have been swirling on China’s internet since last week.
Last week, while not too eventful in terms of the number of VC deals in China, saw at least three interesting investments.
As Chinese NEV companies grow muscle, their output also becomes more capable of rivaling Tesla, perhaps not comprehensively, but definitely on certain fronts.
Chehaoduo Group has recently raised an additional $200 million, adding to the $1.5 billion Series D round of financing raised earlier from investors including Softbank and Sequoia Capital China.
Kingsoft Cloud filed an IPO prospectus update with the US Securities and Exchange Commission (SEC) showing that the company will issue 25 million American depositary shares.
Game developer NetEase is eyeing a secondary listing in Hong Kong that could happen as early as the second half of 2020.