China Tech News

Xiaomi expands its range of accessories. The pilot is currently live at five Shell fuel stations where consumers will be able to purchase a select range of accessories 24x7.

58 Freight, one of Asia’s biggest logistics carriers, has gotten the green light from the Hong Kong stock exchange to proceed with its listing.

Hongsong, a China-based social networking platform for the elderly, has raised nearly US$100 million in a series A+ round led by Bertelsmann Asia Investments.

Tiktok has launched Dmonstudio, a fast-fashion ecommerce platform, as the short-video platform looks to take on Chinese retailer Shein.

Two private banks in Liaoning province and the capital of Beijing will no longer provide services involving banknotes and coins.

Tencent has recently launched a 3D sign language digital interpreter called “Lingyu” on CCTV, to provide translation services for the Beijing Winter Olympics.

Rokae has recently obtained strategic financing of $63.16m from New Hope Group. Its products are mainly high-performance industrial robots and flexible cooperative robots.

“Feng E Zu Shi” completes A-round financing totaling $47 m. It targets white-collar workers in offices, offering breakfast, snacks and other beverages.

Megvii has been providing AI and AR applications, including a navigation tool and pandemic control functions, to streamline operations and enhance the experience of all participants.

AIForceTech has already obtained an A round of financing in June 2021, driving its total amount of the two rounds to over $15.8m in less than one year.

The company aims to surpass Apple to become the top seller of premium smartphones in China in three years. Xiaomi will invest $15.7 b in R&D over the next five years.

Tesla has filed a defamation lawsuit against a popular Douyin user, the EV maker posted robust sales despite a series of negative publicity in the country.

ABB said it had increased its majority stake in Chinese electric vehicle (EV) charging provider Chargedot to 80 percent from 67 percent.

Meituan is testing Zhenxiang, a shopping review feature similar to the one used by lifestyle community platform Xiaohongshu.

Zheli, which means “gel” in English, is a 3D avatar maker that allows users to share their daily lives with friends and shows users’ approximate location and mode.

Tencent has launched a major reshuffle in its entertainment and content production business, setting “social responsibilities” as the primary goal for its film production.

Didi will lay off about 20% of its staff across major businesses, including ride-hailing service, package delivery, and bike rental.

Chilye, a startup that develops high-voltage battery systems for electric vehicles, has raised around $15.7 m from a group of investors led by Xiaomi.

Baidu Apollo's ride-hailing service platform has launched trial operation in Shenzhen's Nanshan District, providing autonomous robotaxi services to Shenzhen commuters.

Volkswagen is in talks with China's Huawei about acquiring an autonomous driving unit for billions of euros.

Alibaba is launching a new online platform running a direct sales model, similar to rival JD’s. It is called Maoxiang, which will first focus on consumer electronics.

The deal is for streaming rights to 6,000 films and shows amid rivalry with short video apps, as social media and video gaming giant escalates efforts to retain audience's attention.

Trunk Tech, a autonomous truck technology startup backed by EV maker Nio, raised an undisclosed amount in its Series B. The round was led by BAIC.

It includes 8K floor display, Virtual host, Cloud-backed live broadcast and panoramic game views, Remote-controlled smart beds and Highly-accurate live translation.

Duoduo Maicai, the online grocery vertical of ecommerce giant Pinduoduo, may launch a delivery pickup service similar to Alibaba’s Cainiao Yizhan.

The SaaS business is called Sa Si Digital Technology. Its services will include software development, technology transfer, and server integration for financial enterprises.

The battle is heating up. And the large prize shall be profitable purchasers from the quickly rising era of the “tech rich.”

China Evergrande Group will continue with efforts to sell a plot of undeveloped land in Hong Kong even after the appointment of a receiver by a creditor.

China's central bank has imposed a $3.52 million fine on MYBank for violations including breaching rules on credit scoring management and transacting with unidentified clients.

Bilibili would hire 1,000 new content moderators and more closely monitor the health of its workers, after the death of an employee due to overwork.

Xpeng says it will open a store in Stockholm and will also partner with local dealer Bilia. It has also reached an agreement with the Dutch unit of Swiss vehicle distributor Emil Frey.

It removes a previous statement that “core data,” defined as data that poses a “serious threat” to China‘s national and economic interests, must not leave the country.

BMW will pay $4.2 billion to take majority control of its Chinese joint venture after securing the necessary license from Beijing.

Trip.com will from next month begin to allow staff to work from home or elsewhere away from the office for two days a week, as the first Chinese company tries hybrid work.

China’s banking and insurance regulator issued a warning against using the metaverse as a tool for illegal fund-raising, amid widespread interest in the country’s private sector.

The regulatory moves come as China’s technology sector is still smarting from a year-long regulatory crackdown.