Chinese internet giant Tencent logged its first-ever quarterly revenue fall along with declining net profit for the fourth consecutive quarter, according to its second-quarter 2022 results released on August 17.
Chinese electric vehicle startup Li Auto saw its losses widen in the second quarter of the year, according to its periodic fiscal disclosure on August 15, which also provided soft guidance for the third quarter.
A two-hour interview at the Beijing headquarters of Superhexa with its founder and CEO offers much enlightenment, and might resonate among hardware geeks, tech entrepreneurs and realistic visionaries.
China’s marketplace for new energy vehicles posted a strong rebound in June, industry data showed, leading an auto sector turnaround as cash subsidies and tax cuts, part of a wider push for economic stabilization, helped incentivize consumers.
On July 4, Huawei-backed smart vehicle brand AITO introduced its second model, the M7, merely three months after AITO began deliveries of its inaugural model, the M5. This fast-tracked progress spotlights the brand's ambition to earn fame in the mid-to-large size luxury SUV market.
When the founders of XPeng and Li Auto, two famed Chinese EV startups within a trio that also includes NIO, were busy interacting with each other on social media during a marketing relay for their newest EV lineups, NIO's founder kept a low profile.