DJI and SAIC-GM Join Hands to Produce Cars

The two sides will adopt in-depth cooperation rather than parts procurement. The first car will be put into production as soon as this year.

Xiaopeng P5 Opens For Sales Booking After Shanghai Auto Show

On April 19, He Xiaopeng, the founder of Xiaopeng Auto, attended the 2021 Shanghai International Automotive Exhibition, appearing along with the Xiaopeng P5.

Jingdong-Backed Aihuishou Plans US IPO, Aiming to Raise USD 1 Bln

The second-hand electronics platform is currently planning to submit an IPO application in mid-May 2021. At present, Aihuishou has hired Bank of America and Goldman Sachs to help it go public.

TSMC's Revenue Hits a New High in 1Q 2021

According to TSMC's financial report, revenue in the first quarter of 2021 increased by 16.7% year-on-year to USD 362.41 billion, a new record.

Concerns Loom over Keep's Suspected IPO Plan in July

On April 16, Keep is supposed to be listed on US stock exchanges as early as July 2021, but the market is still worrying about its commercialization.

Luckin Coffee Receives USD 250 Mn Financing for Debt Restructuring and Settlement with SEC

On April 15, Luckin Coffee announced that it had reached a new financing agreement of USD 240 million – with Centurium Capital – and of USD 10 million with Joy Capital. 

Meituan and Ele.me Lose Lawsuits Due to Unfair Competition, Catering Businesses Benefit

On April 14, the Huaian People's Court of Jiangsu Province made a judgment that Beijing Sankuai Technology Co., Ltd. (Meituan) should compensate CNY 352,000 to Shanghai Lazasi Information Technology Co., Ltd. (Ele.me). Meanwhile, Ele.me was also ordered to pay fines to Meituan for the same reason.


Desay SV Auto's Net Profit in 2020 Increased by 77.36%

The Huizhou, Guangdong-based company covers all manner of in-vehicle systems, from radios to navigation displays and leading-edge intelligent driving systems.

BOE's Net Profit Climbs 162.46% in 2020, Followed by Stock Price Rise

Founded in 1993, BOE's core business includes IoT, smart medical and Interface devices.

Wingtech Technology Planning to Acquire Guangzhou Delta Organic Silicon Technology

As an ex-subsidiary of OFILM, Guangzhou Delta may help Wingtech to enter Apple's supply line.

StoneWise Technology Raises over USD 100 Mn in Series B and Series B+

The pioneering AI molecular drug design platform is growing and is expected to support its further research with the funds.

Xiaomi Pilots a New Car Model – with a Lower Price Expected in Three Years

China's well-known smartphone and smart device maker, Xiaomi, will launch its first electric vehicle model in three years, with pricing starting between CNY 100,000 and CNY 300,000.