Volkswagen has been in late discussions with Chinese auto tech startup Horizon Robotics to form a joint venture that would cover areas such as autonomous driving technologies and in-car connectivity software for VW cars, according to a Wednesday report by Bloomberg. The German car giant is reportedly planning to invest $1 billion in the project, […]

ByteDance subsidiary Douyin Group launched a new logo on Wednesday, with the firm updating its look on TikTok sister platform Douyin and its official WeChat account. The update comes after the Hong Kong Companies Registry showed that ByteDance (HK) Limited changed its name to Douyin Group (HK) Limited on May 6, 2022, followed by several […]

China’s financial and internet authorities have removed several crypto exchange websites and apps, including leading platform OKX, formerly known as OKEx. The removal of crypto-related entities also includes cryptocurrency-focused media sites and accounts, Beijing’s Chaoyang district court said in a statement on Saturday. Authorities took action earlier this year after the court found in a […]

Great Wall Motor said on Wednesday that its monthly sales hit a record high of more than 4,000 cars in September in Australia and New Zealand, a 101% rise from a year ago. That figure also brings the Chinese automaker’s total sales for this year to 21,500 vehicles as of September in the region. Australia […]

Meituan Select, the group buying unit of Meituan, updated on Tuesday its brand positioning to Mingrida Supermarket, a name that carries the meaning of next-day deliveries. Mingrida will also look to compete by offering low prices as it tries to expand its stock-keeping unit (SKU) to 3,000, after topping more than 1,500 SKUs in the […]

Chinese Wi-Fi chip and MCU maker TaiXin Semiconductor secured over RMB 100 million ($13.95 million) in Series B recently, as Chinese semiconductor consultancy ijiwei revealed on Tuesday. FG Venture and Gree-backed Hengqin Financial Investment led in this round. The funding will be used to accelerate the firm’s development of wireless communication chips, smart control units, […]

Zeekr, a premium electric vehicle brand launched by Chinese automaker Geely, said on Tuesday that it has produced its 50,000th 001 crossover, around a year after the company began delivery of its first production model in October 2021. The company currently operates at a facility in the eastern city of Ningbo with a monthly output […]

Chinese AI-generated art startup Tiamat secured millions of dollars in Series Angel from DCM Ventures, as Chinese media outlet 36Kr reported on Wednesday. Founded in 2021, the team was hatched by ShanghaiTech University, with core members from the School of Information Science and Technology and the University of the Arts London. Tiamat has provided commercial […]

Chinese automaker Geely is in talks to acquire a considerable and likely controlling stake in the internal combustion engine (ICE) vehicle business unit of Renault, according to a Tuesday report by Reuters, citing people familiar with the matter. It comes at a time when Renault is looking to accelerate its transition to electric vehicles and […]