China Tech

Li Auto’s footprint in China’s EV market continues to expand amidst fierce competition with domestic rivals Nio and Xpeng Motors.

Up to 40% of the fund will be allocated to startups in SEA and China.

“We are in the right place at the right time to increase our leadership in China’s large video-based market,” says CEO.

This is a snippet of China Venture Roundup Volume 24, covering China’s investment activity from February 15 – 21 2021.

Douyin stagnated at the pre-holiday level of about 600 million DAUs.

ByteDance has increasingly threatened e-commerce platforms such as Alibaba, JD.com, and Pinduoduo as shoppers crave interactive video content and livestreaming.

Akrostar is just one of many domestics chip companies that are gaining investors’ favor as the country seeks to be self-reliant in core technologies like semiconductors.

The 5G business offsets a loss in the smartphone division.