China Tech News

biotech startup MegaRobo Technologies has raised about $300 million from investors including an arm of Goldman Sachs Group Inc.

Driverless delivery vehicles played a key role in Shanghai during the roughly two-month lockdown that began at the end of March.

China’s central bank has agreed to accept Ant Group’s application to set up a financial holding company.

Hikvision announced on Friday that it plans to spin off subsidiary Hikrobot for an IPO on the Growth Enterprise Market of the Shenzhen Stock Exchange.

Intelligent lidar firm RoboSense and WeRide, an L4 autonomous driving tech firm, announced a new strategic cooperation agreement on Friday.

New Oriental launched the bilingual “Oriental Selection” livestreaming platform, which mainly sells agricultural products.

NaaS announced that it has successfully listed and begun trading on the NASDAQ, becoming China's first listed pure play EV charging service company.

In addition to its partnership with Chongqing Sokon, Chery Automobile and Jianghuai Automobile Group Co (JAC) have become Huawei's new partners in automotive OEMs.

China (CASC) announced that the first long-distance and multiple ignition tests of the three-stage engine of China’s new manned-carrier rocket were successfully completed.

Cainiao scheduled its shipment for equipment and components required for the construction of the upcoming distribution center in Pakistan from the port in Shanghai.

Cui Dongshu, Secretary General of the China Passenger Car Association claiming that in 2022, the country’s new energy passenger cars accounted for 57% of the global market.

Since the beginning of this year, many Chinese new energy vehicle companies have entered the insurance industry by acquiring or setting up insurance brokers.

Lian Yubo, Executive Vice President of Chinese automaker BYD and President of BYD’s Automotive Engineering Research Institute, said that BYD will supply batteries to Tesla.

NFT marketplace Magic Eden, launched just nine months ago, has raised $130 million in a Series B round co-led by Electric Capital and Greylock Partners.

Huobi, a Seychelles-based crypto exchange, has obtained licenses to expand its services into the United Arab Emirates and New Zealand, Cointelegraph reported.

Apple has launched a hiring program to bring on software engineers in China, helping more automakers use CarPlay software.

Deppon has had autonomous vehicle startup DeepRoute.ai hauling cargo for it on several routes in Shenzhen as part of a newly publicized partnership between the two companies.

Drone maker DJI is about to see its in-car system used on a mass-produced electric vehicle for the first time through a partnership with SAIC-GM-Wuling.

Chinese battery giant Contemporary Amperex Technology Co., Limited (CATL) released the third generation of its cell-to-pack (CTP) technology.

Audi plans to begin construction on a new plant in China for fully electric Audi models, set to be completed by the end of 2024.