Industry Archives

ByteDance Pursues Further Layout in Medical Field

ByteDance's healthcare business is stepping into an accelerated period of resource integration, and a huge healthcare ecosystem is slowly forming.

Mobile Social Company Asia Innovations Group to Go Public in US via SPAC Merger

On September 30, Asia Innovations Group Limited (AIG), a Singapore-based mobile app developer, announced that it had signed a business merger agreement with Magnum Opus Acquisition Limited (NYSE: OPA), a special purpose acquisition company (SPAC).

XPeng’s X2 Flying Car to Make Maiden Public Flight in Dubai

XPeng Aeroht, a flying car company owned by XPeng Motors, announced on September 30 that its X2 model has recently obtained its first overseas public flight permit in Dubai. From October 10 to October 14, the X2 will also debut at the 42nd GITEX GLOBAL exhibition and conference.

iPhone 14 Sales in China Lag as Apple’s Local Ties Transform

The rollout of Apple's latest smartphone series offers a glimpse into the iPhone's evolving relationship with Chinese tech and consumers.

Lidar Firm Hesai Technology Breaks 10K Units in Monthly Delivery

On September 29, Hesai Technology announced that the monthly delivery of its AT128 has exceeded 10,000 units, making it the world's first lidar manufacturer to accomplish the feat.

CATL to Build 13th Battery Production Base

China's leading battery company CATL announced on September 28 that it will build a battery production base in Luoyang, Henan Province with a maximum investment of 14 billion yuan ($1.95 billion).

Former Apple Supplier OFilm’s VP Is Under Police Surveillance

OFilm, a former Apple supplier and a manufacturer of camera modules, released a notice stating that Cai Gaoxiao, director and deputy general manager of the company, has resigned and is under residential surveillance by public security authorities.

Trip.com and Tencent Reach Cooperation on Car Rental Services

On September 28, the car rental business unit of China's leading travel booking platform, Trip.com, and Tencent's travel services platform reached a new cooperation agreement, providing one-stop online car rentals and bookings for users of Tencent's travel services in China.

Chinese Private Equity Firm Hillhouse Launches “Aseed+” Early-Stage Fund

Beijing-based private equity firm Hillhouse announced the official launch of its "Aseed+" seed fund project on September 28, which will focus on sectors including manufacturing, new energy, new materials, biotechnology, and carbon neutrality.

CATL Advances $4.4B New Energy Industrial Park Project

Leading Chinese battery firm CATL held an event regarding trial production of the Brunp Recycling Project and the commencement of a new phase in the CATL-BRUNP Integrated New Energy Industrial Park, which has total investment of 32 billion yuan ($4.42 billion).