OmniSensing Photonics Technology Raises over CNY 100 Mn in Series A

The emerging transducer designer with potential has developed a unique FMCW phase modulation technology to cut the cost dramatically.

MissFresh Files for US IPO – the First Stock for a Community Retail Digital Platform

On June 8, the Chinese online retailer MissFresh filed for an IPO on the Nasdaq under the MF symbol, with a tentative maximum fundraising of USD 100 million.

Nayuki to Raise USD 500 Mn and Reach a Total Valuation of CNY 31.1 Bn

On June 8, according to Tencent's latest report, Nayuki plans to go public to raise USD 500 million in the secondary market and has launched a pre IPO analyst roadshow this week. It is expected that the sales of Nayuki will grow at a compound annual growth rate of 42% in the next three years.

NIO's Second Plant Has Begun Construction, Production to Begin in Q3 2022, CEO Says

Construction has begun on NIO's second factory in the Neo Park in Hefei, with production scheduled for the third quarter of next year, William Li, founder, chairman and CEO of NIO, said Thursday.

Guazi Announces USD 300 Million Financing Round

The Chinese e-commerce company that provides consumer-to-consumer services via its web portal for buying and selling used cars is now valued at about USD 10 billion.

Tesla Model Y Ranks Second in NEV Sales in China in May

SAIC-GM-Wuling's Hongguang Mini EV maintained its position as the top-selling new energy vehicle model in China, with sales of 29,706 units, according to data released Wednesday by the China Passenger Car Association (CPCA).

Hillhouse Capital, Xiaomi and Meituan Back Lidar Maker Hesai's Series D Round

Just about three months ago, in march 2021, Hesai Technology suspended its Star Market initial public offering for unknown reasons.

Dada Group Records 52% Revenue Rise in Q1 2021

Following the news, the stock of the firm rose by about 5%.

NIO Says May Deliveries Down from April Not Due to Chip Shortage

Chinese electric car company NIO saw a slight drop in deliveries in May compared to April, which was seen as a result of the chip shortage that has been plaguing the industry. Except that's not the real reason, according to a new explanation from the company.

Zuoyebang Responds to the Layoff Rumors: Key Business Talent Recruitment Continues

The company said that it is currently making business adjustments according to its core strategy, including normal personnel optimization and mobility.

NIO Says 'Gemini' is Code Name for New Model, Denies Low-end Positioning Speculation

Late last month, a project codenamed 'Gemini' sparked speculation that NIO would launch an entry-level model. Now, the company's executives have given their clarification on the matter.

Dian Xiaomi Raises CNY 135 million in Series B+

The popular e-commerce ERP provider is seeking to seize the opportunity of recovery from COVID-19.