The news comes as the Shanghai Stock Exchange began accepting IPO applications for its new tech board.
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Posted inUp and Comers
Zhuhai government invests in embattled smartphone maker Meizu
Meizu shipped only 8 million units in 2018, ‘mainly due to lack of funds.’
Posted inTurf Wars
Xpeng, next up in wave of US IPOs, attracts big-name investors
Xpeng Motors is priming for a public listing in New York where it could raise up to $1.1 billion from high-profile backers including Alibaba and Xiaomi.
Posted inTurf Wars
EV maker Xpeng has 15,000 orders for its P7 sedan
Starting at $38,400, the sedan is designed to compete with Tesla’s Model 3.
Posted inUp and Comers
Xpeng shares soar 41% in US debut, market cap nears Chinese auto giants
Six-year-old Xpeng Motors now has a market capitalization of nearly $15 billion, nearing the size of a number of giant Chinese automakers.
Posted inTurf Wars
Tesla denied access to grand jury materials for ex-Xpeng engineer
Tesla requested access to Xpeng’s entire repository of autonomous-driving source code and clones of its executives’ hard drives.
Posted inUp and Comers
Briefing: Megvii is reconsidering its IPO timing as trade war extends
The future for the $4 billion unicorn is uncertain amid concerns that it will be added to the US entity list.
