Chinese phone brand Vivo launched its flagship series, the X90 and X90 Pro, to the global market on Friday. The X90 series uses MediaTek Dimensity 9200 as the processing chip and Vivo’s V2 chip for imaging functions. The series boasts advanced camera features, with a large 1-inch camera sensor and 50MP lens from Zeiss, as […]
Posted inTurf Wars
Chinese EV makers rush to offer big incentives as sales slide
A price war kicked off by Tesla has left many Chinese consumers on the fence about buying an EV in the immediate future, said an industry group.
Posted inNews Feed
TuSimple says founders not facing spying charges over ties with Chinese companies
Self-driving truck company TuSimple has denied a Wall Street Journal report that US authorities are considering economic-espionage charges against the company’s leaders, namely co-founders Hou Xiaodi and Chen Mo, as well as current chief executive Cheng Lu, for improper technology transfer to China. In a statement sent to Bloomberg on Thursday, TuSimple spokesperson Megan Strader […]
Posted inNews Feed
BAIC enters into strategic partnership with Bosch
Chinese state-owned automobile manufacturer Beijing Automotive Group (BAIC) reached a strategic partnership with Bosch China on Feb. 1, with the two companies committing to strengthening cooperation in the areas of smart cockpits, smart driving, and intelligent connected industry, according to a BAIC announcement on Thursday. Bosch is set to provide BAIC with a number of […]
Posted inNews Feed
Shanghai Mayor visits three leading private firms in a day, expects them to play bigger role in consumption recovery
On Thursday, Shanghai Mayor Gong Zheng visited local services giant Meituan, fintech giant Ant Group, and lifestyle-sharing platform Xiaohongshu. This is the latest sign that local governments are pledging support to the private sector while the economy is reeling from three years of Covid 19 lockdowns. Gong appreciated Meituan’s role in preventing and controlling the […]
Posted inHeavy Hitters
ByteDance sends Douyin content head to TikTok: report
ByteDance has moved Douyin’s vice president Zhi Ying to lead TikTok’s products and content business as TikTok becomes an increased focus of its parent company’s attempts to diversify revenue streams, according to a Wednesday report by local media outlet 36Kr. Why it matters: Zhi Ying’s move reflects the importance of TikTok to ByteDance’s revenue growth, […]
Posted inNews Feed
US says China is largest source of counterfeit goods
Tencent’s super app WeChat is “one of largest platforms for counterfeit goods in China,” the office of the US Trade Representative (USTR) said in a Tuesday report. The US government’s “notorious markets” list also identified five other Chinese online marketplaces and seven physical markets in China as engaging in or facilitating substantial trademark counterfeiting or […]
Posted inNews Feed
Geely’s luxury EV brand Lotus to go public in SPAC Merger
Lotus Technology, an electric vehicle company affiliated with Chinese auto major Geely, said on Tuesday that it will go public on the Nasdaq Stock Market by merging with special purpose acquisition company L Catterton Asia Acquisition Corp. The deal will value the combined group at $5.4 billion and is expected to close in the second […]
Posted inWith Chinese Characteristics
Local Chinese authorities unveil stimulus measures to spur EV sales
The local subsidies underscore China’s continued support of green energy transport, despite the central authorities phasing out EV purchase subsidies after more than a decade.
Posted inNews Feed
Geely executive teases new pictures of third Zeekr-branded EV
Chinese automaker Geely is rushing to unveil its third electric vehicle under the premium brand Zeekr, with vice president Yang Xueliang teasing it with new pictures on Twitter-like microblogging platform Weibo on Monday. The pictures show a compact sports utility vehicle with a size and design that could see it compete with Volkswagen’s ID.3 electric […]