Tesla has reportedly closed its first flagship showroom in China, located in Beijing's upscale Parkview Green shopping mall, in a bid to adjust its sales and services strategy in the country. Tesla sales staff in China said that the high rent caused the store's closure.
Balaji Srinivasan, an entrepreneur and angel investor, tweeted "Most people don't realize that construction in California isn't 10% slower than the state of the art, but more like 100X slower." Under this tweet, Tesla CEO Elon Musk replied, "True."
The Hurun Research Institute released its Global Unicorn Index 2022 Half-Year Report on August 30, offering a ranking of the world’s startups founded since 2000 and worth at least $1 billion, although not yet listed on a public exchange.
This week: Beijing announces a two-year plan for metaverse innovation and development, Huobi-backed NFT platform iBox to halt international operations, The Sandbox launches its newest Alpha season, and more.
The Beijing Consumers Association had scheduled a meeting with Beijing-based grocery delivery platform Missfresh, regarding the recent situation that the company could not continue its normal operations and which caused many consumer complaints.
A new 12-inch wafer CIM localization project in Beijing operated by China's leading chipmaker, Semiconductor Manufacturing International Corporation (SMIC), was recently suspended.
Haitai Solar, a photovoltaic module manufacturer based in China, on August 8 officially listed to the Beijing Stock Exchange.
On July 20, the Beijing High-level Automated Driving Demonstration Area opened its first commercialization pilot of unmanned travel service in China. Baidu and Pony.ai are the first licensed enterprises to operate within the area.
Zou Lan, Director General of the Monetary Policy Department of the People's Bank of China, said on July 13 that the digital RMB pilot scheme has now been extended to 23 areas in 15 provinces and cities across the country.
China's Ministry of Housing and Urban-Rural Development and the National Development and Reform Commission jointly issued a plan on July 13 regarding the implementation of carbon emissions peaks for urban and rural construction.
On July 7, the Chinese Ministry of Commerce and other 16 government departments issued a notice to introduce several measures to help stimulate and expand the automobile market, particularly consumer buying.
According to data released on July 6 by the Chinese Traffic Administration Bureau of the Ministry of Public Security, as of the end of June, the total number of cars in China reached 406 million units, including 10.01 million new energy vehicles.
Chinese vehicle manufacturer Li Auto started the second phase of construction on Tuesday for an industrial park in Beijing's Shunyi Science Park.
China's State Council issued a policy package to help stabilize the economy and planned to see steady growth in major purchases such as automobiles and home appliances.
In response to a rear-end collision at Beijing Capital Airport's second expressway on April 22, Tesla explained on Wednesday that data indicates the accident was caused by faulty operation by the driver.
The CNNIC announced on Tuesday that 10 Chinese top 500 enterprises, including vivo, Xiaomi Corporation, and Tencent Cloud Computing, have recently activated China's top-level domains, ".cn" and ".中国."
A warehouse operated by grocery-buying platform Dingdong Maicai in the capital city's Haidian District cheated consumers by claiming dead fish were fresh and fabricating labels.
As the art industry confronts a new digital age, a show by Austin Lee in Beijing considers the relationship between art, technology and the human experience.
An Honor insider confirmed that the smartphone brand's teams in China are moving to Beijing. However, Honor's global headquarter is still situated in Shenzhen, Guangdong Province.
On Monday evening, a coalition of eight Chinese governmental departments jointly revised and issued a notice regarding the strengthening of supervision over online ride-hailing services.