Chinese electric vehicle battery maker Sunwoda said on Thursday it would build a RMB 12 billion ($1.71 billion) facility in Yichang, a city in the central Hubei province, to serve state-owned automaker Dongfeng Motor. The plant will be built in two phases and have a total capacity of 30 gigawatt-hours (GWh) of batteries annually. The […]
NetEase Games and Japanese publisher Shueisha announce new RPG title
Chinese gaming giant NetEase announced a new role-playing title at the Tokyo Game Show 2022 on Thursday, in partnership with famous Japanese publisher Shueisha’s gaming arm. The title, unVEIL the world, will be available on mobile platforms, including iOS and Android. It has an epic background story “centered on a huge tower and dynamic characters […]
BYD begins building a $2.9 billion industrial facility in Shenzhen
The new manufacturing facility is the latest example of BYD aggressively expanding key components on the supply chain.
Hong Kong exchange to lower revenue threshold for hard-tech listings
The Hong Kong stock exchange is considering lowering the revenue threshold for hard-tech IPOs to accommodate companies in fields including new energy, artificial intelligence, and autonomous vehicles, according to a report by Reuters. The report cites a spokesperson of HKEX as saying the exchange is “studying how best to create a listing chapter to cater […]
Sheep-based elimination game on WeChat goes viral on Chinese social media
Yang Le Ge Yang, an elimination game on WeChat’s mini program platform, has gone viral on Chinese social media in recent days, with a related hashtag topping the trending charts on the microblogging platform Weibo. Loosely translated as “Sheep a Sheep”, the game’s WeChat index, an indicator of a topic’s popularity on the super app, […]
ByteDance launches two new real estate services: report
ByteDance has launched two new housing-related services according to Chinese media outlet Tech Planet, with the TikTok owner unveiling offline real estate agency “Xiaomai Real Estate” (our translation) and home renovation business “Zhuhaojia”. Xiaomai Real Estate has opened several offline stores in the southeastern city of Fuzhou, offering the sale and purchase of pre-owned and […]
Apple to adopt enhanced 3nm tech for next generation of iPhone and Mac
Apple reported that it will adopt TSMC’s enhanced 3nm chipmaking tech – N3E – next year for its iPhone and Mac devices, skipping the 3nm tech. Apple’s A17 chip, which will be used in the next generation of iPhone and iPad in 2023, is currently under development. The new chip will adopt TSMC’s enhanced 3nm […]
China to update Cybersecurity Law, increase fines to 5% of firm’s annual revenues
China’s internet regulator, the Cyberspace Administration of China (CAC), published a draft amendment to the country’s Cybersecurity Law on Wednesday, seeking public comments until the end of September. The amendment increased the maximum fines from RMB 100,000 ($14,350) to RMB 1 million for critical information infrastructure operators (CIIOs) violating several rules. CIIOs and companies that […]
Pinduoduo tests special section for women’s clothing: report
Pinduoduo is reportedly testing a special section on its homepage for women’s fashion, entitled “treasure clothing” (our translation), and open to users who browse or buy women’s clothing frequently. The new category has taken over a prominent homepage location previously occupied by a link to grocery delivery portal “Duoduo Maicai” and demonstrates a reprioritizing of […]
Alibaba’s Taobao Deals pivots from chasing user growth: report
Alibaba’s budget shopping app Taobao Deals has adjusted its key business metric twice in less than six months, Chinese media outlet LatePost reported on Tuesday. In April, the app elevated gross merchandise value (GMV) as its most important metric and pivoted away from focusing on user growth after reaching 300 million annual buyers. Two months […]
