Representatives from Indiegogo, Tuya Smart, and Anker discussed how the pandemic impacted consumer electronic trends at the Beyond Expo 2022.
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Honor saw sales grow in mainland China in August despite market downturn
Despite all of the top five brands in the mainland China smartphone market saw a year-on-year sales decrease in August, Honor saw a 4.3% monthly growth compared with July, selling 3.6 million units to top the sales chart for the month. Overall smartphone sales in mainland China saw a 26% yearly and 7.4% monthly fall […]
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ByteDance launches Pico 4 in China with local content
TikTok owner ByteDance launched its Pico 4 VR headset in China on Tuesday and bring more local content like VR concerts with partners.
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MCU maker Fremont Micro Devices secures RMB 500 million in Pre-IPO Series
Shenzhen-based microcontroller unit (MCU) maker Fremont Micro Devices recently secured RMB 500 million ($70.49 million) in a Pre-IPO Series completed on September 23, according to a Wednesday report by ijiwei, a Chinese semiconductor consultancy. The funding round was led by Huaxu Investment, with additional participation from Shenzhen Capital Group and Guangzhou Yuexiu Industrial Investment Fund […]
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ByteDance to expand leave for China employees in response to work culture criticism
ByteDance reportedly plans to offer more paid time off for China employees after the Beijing-based technology company was widely criticized over its work culture. The South China Morning Post reports that employees will receive an additional 10 days of leave to take care of sick family members, the maximum duration for paid sick leave will […]
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ByteDance to expand its board amid growing regulatory concerns: report
ByteDance plans to add four directors to expand its board to nine seats as the company faces regulatory pressure globally, the South China Morning Post reported on Wednesday, citing two unnamed sources and adding that shareholders approved the proposal in an investor meeting on Tuesday. ByteDance’s board currently consists of representatives from General Atlantic, Susquehanna […]
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BEYOND Expo｜SenseTime’s Xu Li on commercial possibilities of metaverse natives
SenseTime’s co-founder Xu Li shared his vision on digital natives of the metaverse and how their habits can redefine business models.
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Hillhouse launches new seed project to invest in early-stage companies
Beijing-based private equity firm Hillhouse announced the launch of a new seed project named Aseed+ on Wednesday, planning to invest 100 early-stage startups in the next three years, in industries ranging from manufacturing, new energy, and new materials to biotechnology and carbon neutrality. Why it matters: Hillhouse established its venture capital brand GL Ventures in […]
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Price of three BYD models revealed for European customers
BYD revealed the prices of its three popular electric vehicles for European markets on Wednesday, with plans to begin deliveries in seven countries, including Germany and Norway, and then introduce them to customers in the UK and France later this year. Both the company’s premium Han sedan and Tang crossover will cost 72,000 euros ($69,740), […]
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Chinese EV company Hozon enters Israel
Chinese electric vehicle maker Hozon said Wednesday that it is partnering with Blilious Group, an Israeli car distributor and a regional partner of battery giant CATL, to sell its Neta U and V entry-level crossovers to local customers. This marks the entry of Hozon’s EVs into the Middle East region, just one month after the […]