Wentai Technology: 8.6 billion yuan of convertible bonds will be listed and traded on the Shanghai Stock Exchange from August 20

Chinese Restaurant Brands Going Global: What Keeps Customers Coming Back After the Opening?

How long can the queues outside a brand’s first overseas store last? And how many customers drawn in by the novelty will become regulars? For Chinese restaurant brands expanding internationally, opening a store is only the beginning of the challenge of building a local business and retaining customers.

With Over US$200 Million Raised, Today AI Wants to Turn “Artificial Intelligence” into “Intelligence for Everyone”

Today AI, a personal AI assistant company, recently announced that it has raised more than US$200 million in cumulative funding. Its investors include IDG Capital（IDG资本）, Tencent（腾讯）, 5Y Capital（五源资本）, Ant Group（蚂蚁集团）, HongShan（红杉中国）, Transsion Holdings（传音控股）, Resonance Ventures (Goertek CVC)（同歌创投）, and SJTU Foundation Lotus Capital（上海交大菡源资产）.

Chixin Semiconductor Reports Exclusive UWB Supply Win for Samsung’s Galaxy SmartTag3

Chixin Semiconductor（驰芯半导体）, a Changsha-based chip designer, has secured exclusive supply of the ultra-wideband chip for Samsung’s（三星）Galaxy SmartTag3, according to an October 18 report based on an interview with founder and chairman Jing Zhenhai. The reported selection gives the Chinese supplier a place in an international consumer-electronics product, although shipment volumes and contract value were not disclosed.

Neolix Raises Nearly US$400 Million in Series E to Expand Autonomous Delivery Network

Neolix（新石器）announced on October 20 that it had completed a Series E financing round of nearly US$400 million, with proceeds earmarked for regional service hubs and autonomous-driving technology. The company says its global fleet now exceeds 30,000 Level 4 delivery vehicles, although overseas deployments remain at different stages of testing and commercial operation.

Wingtech Technology Is Building 12-Inch Semiconductor Wafer Factory

The new 12-Inch factory will generate CNY 3.3 billion revenue per year for the large semiconductor manufacturer.