NewsLuckin chairman Lu Zhengyao quits from CAR Inc amid escalating coffee chain scandalThe scandal-hit entrepreneur may face criminal charges. 2 mins read
Existing investor Tencent will secure 2.8% of Nio’s ADS for about USD 10 million. NewsNio to raise over USD 344 million by offering 60 million ADSs amid tight liquidity2 mins read
The firm has already added a new channel, called Huoyun, onto the Didi app that will be home to the new cargo shipping service. NewsChinese ride-hailing giant Didi Chuxing turns to on-demand trucking2 mins read
The company allows its users to rent vehicles for one week to one year. NewsCHINA BRIEF | Geely’s EV rental platform Xiaolinggou secures USD 96.6 million in Series A1 min read
Moovaz founder Lee Junxian says that the relocation industry will consolidate after COVID-19. InsightsMore than just moving, Moovaz wants to help rebuild life in a new place: Startup Stories5 mins read
UCAR would divest its entire equity in CAR Inc. if the deal closes. NewsBAIC Group to take over Luckin chairman’s shares in auto-rental company CAR Inc.2 mins read
The startup, valued at USD 400 million last year, submitted the documents to the SEC in secret, according to sources. NewsExclusive | Chinese Tesla challenger Xpeng to file for US IPO seeking USD 500 million [Update]2 mins read
Ehang is the world’s first autonomous aerial vehicle company approved to conduct commercial trials of passenger drones for transporting heavy cargo, it says. NewsChinese flying taxi maker Ehang gets approval to test drone deliveries for cargo weighing over 150kg3 mins read
The COVID-19 pandemic generated a wave of digitization that left some companies better positioned than others to capitalize. InsightsWinners and survivors from the pandemic, Q1 sheds light on China’s economic recovery5 mins read
