Bytedance founder Zhang Yiming is taking the helm of the company’s overseas businesses, particularly in Europe and the US.
Posted inHeavy Hitters
Dongfeng Honda reopens as Hubei auto plants begin to stir
Provincial regulators began lifting a ban on local auto production, though less than a quarter of car factories in Hubei have reopened.
Posted inHeavy Hitters
Changan to mass produce China’s first L3 self-driving car
The Changan flagship sedan is said to be China’s first mass-produced self-driving vehicle with Level 3 hardware.
Posted inWith Chinese Characteristics
Vaping startup Snowplus raises $125 million in new funding
Following a February report of layoffs of up to half of its staff, Snowplus has announced $125 million in new funding for overseas expansion.
Posted inViews
Here are the major China retail trends under quarantine
China retail has taken a big hit during the Covid-19 outbreak, but there are online silver linings. The theme: time at home.
Posted inHeavy Hitters
Didi nabs coveted license with 32% stake in insurer
The recent deal will help Didi widen its line of auto financial offerings and expand its footprint in the lucrative Chinese online insurance industry.
Posted inHeavy Hitters
TikTok to open ‘transparency center’ in US amid lawmaker scrutiny
Experts will be able to observe how content moderators review videos uploaded to TikTok and identify potential violations.
Posted inUp and Comers
Delivery robot firm Neolix closes RMB 200 million Series A+
China eased restrictions on delivery robots following the Covid-19 outbreak, resulting in a surge in demand.
Posted inViews
Oyo China operations are on the brink of collapse
Softbank-backed hotel unicorn Oyo is on the verge of flaming out of its second largest market, China. It’s mostly its own fault.
Posted inHeavy Hitters
Pinduoduo shares drop after Q4 earning miss
Pinduoduo nearly doubled its revenue and user base expansion remained robust, but growth for the e-commerce startup missed average consensus estimates.