NewsEV maker Faraday Future raises USD 45 million in debt financingFaraday Future will use the new funds to support mass production of its FF 91 model. 2 mins read
Tencent’s blockbuster title Honor of Kings remains the top-grossing mobile game. NewsKEY STAT | China’s mobile gaming market observes strong revenue growth despite COVID-191 min read
The warehouse robots are meant to reduce labor costs and improve workers’ efficiency. NewsAI giant Megvii leverages logistics as new growth engine, rolling out seven warehouse robots2 mins read
Retailer Suning is expanding quickly in China’s lower-tier cities. NewsKEY STAT | Carrefour China owner Suning opens 871 new stores in Q31 min read
Chinese regulators probe Alipay’s exclusive role in mutual fund distribution which has delayed Ant’s IPO. NewsFintech giant Ant Group faces potential US ban ahead of IPO1 min read
Short video surpasses instant messaging to become the most used internet application by daily usage time in China. NewsKEY STAT | Chinese people watch short videos for 110 minutes per day1 min read
The rivaling pair is facing new competitors. InsightsHuya-Douyu merger creates a livestreaming behemoth under the control of Tencent4 mins read
The firm’s main rivals Nio, Li Auto, and Xpeng are already listed in the United States. NewsAfter raising USD 1.5 billion, EV maker WM Motor kicks off China Star Market IPO1 min read
The Shaonian Dedao app has gained 3 million registered users since its launch in April 2018, making it one of the fastest growing platforms in the online education sector. NewsShaonian Dedao scores USD 30 million in Series B2 mins read