17EdTech Hits USD 104 Million in Revenue for Q2 2020

The Chinese edtech firm’s K-12 tutoring service contributes 98.7% of its revenue.

Gaotu Hints at Vocational Education Shift as it Sees 35.3% Increase in Revenue for Q2 2021

Due to the recent introduction of the 'double reduction' policy by the state to regulate the country's expensive private education industry, Gaotu is looking to adjust its focus.

Trip.com Sees Revenue Rise by 86.45% in Q2 2021

"Overall, the Chinese domestic travel market has been encouraging, and we see great potential in international markets," said James Liang, Executive Chairman at the one-stop travel service provider.

BYD Sends New Batch of 450 Tang EVs to Norway, Bringing Total to Over 1,000

BYD plans to deliver 1,500 of the SUV to the country within the year.

Volkswagen ID. Series Delivered 7,023 Units in China in Aug

Between June and August, sales of ID. family models continued to improve, with 3,415, 5,810, and 7,023 units, respectively.

Luckin Coffee Records CNY 4.03 Bn in Revenue with 18% Growth in Share Price

The Chinese coffeehouse chain narrowed its net loss by 30.04% year-on-year.

SF Holdings Acquires 1.039 Billion Shares of Kerry Logistics

The step has been taken to strengthen SF Holdings' international business.

Evergrande Automobile's Market Value Evaporates by CNY 600 Billion

So far, China Evergrande has raised HKD 30 billion for its new energy vehicle business.

Alibaba Backs Carzone's USD 200 Million Series D Round of Financing

Carzone to form full coverage of the automobile post-market service.

Keenon Robotics Completes USD 200 Mn SoftBank-led Series A

This is the highest amount of funding in the field of commercial service robots in China to date.

Xiaomi Leads CNY 250 Mn Funding in Big Data AI Smart App Provider DataStory

The company revealed that the raised proceeds will be utilized in the upgrade of PaaS eco-system, the update of application products as well as a business expansion.

XPeng Launches P5 Sedan with Starting Price around USD 24,500

The company has secured a supply partnership with SK Innovation (SKI), a South Korean power battery supplier, which will provide it with high nickel-based Li-ion batteries with 80% nickel content.