NewsTesla secures USD 565 million loan from Chinese bank for Shanghai plantUS electric-car maker still not cleared to reopen California factory. 2 mins read
Kingsoft Cloud’s IPO comes after Luckin Coffee and TAL Education Group shocked the United States capital market by admitting inflated sales. NewsKingsoft Cloud makes solid Nasdaq debut after wave of scandals involving US-listed Chinese companies2 mins read
Researchers at the Institute of Technological Sciences at Wuhan University say they made a prototype engine that uses electricity to produce plasma, possibly paving the way to greener air travel. NewsTravel by plasma jets? New research suggests it’s possible3 mins read
The platform functions like a social network for football players, clubs, and scouts. NewsSaudi Arabia’s Grintafy raises USD 1.25 million seed to connect amateur football players with clubs and scouts2 mins read
The Chinese entertainment industry is scrambling to figure out how to offset expected losses. NewsStreaming giants and production studios issue proposal to ‘rescue’ struggling Chinese film industry2 mins read
The second quarter looks even grimmer. NewsUber reports nearly USD 3 billion quarterly loss2 mins read
Shift away from China continues even as coronavirus hits demand for the wireless earphones. NewsApple to produce millions of ‘made in Vietnam’ AirPods amid pandemic4 mins read
A total of 150 million users had enrolled in various online mutual aid programs in China by the end of 2019. NewsCHINA BRIEF| Ant Financial predicts Chinese online mutual aid market to triple by 20251 min read
SMIC plans to issue up to 1.69 billion RMB-denominated shares to public institutional and individual investors, after delisting from NYSE. NewsAfter delisting from NYSE, China’s largest chip foundry SMIC to list on Shanghai’s Star Market2 mins read
NewsDeals in brief: Singapore-based Hivebotics raises Series A funding, Temasek co-leads investment in Pixxel, 11 China deals, and more