CHINA Volanews

CHINA GIANT DIDI

Didi Partners with China’s Central Bank on Digital Currency Research And Development Didi's DCEP task force will design and implement pilot DCEP projects in accordance with rigorous safety, security, and governance standards

by KrAsia

2020-07-10

CHINA GIANT BYD

Warren Buffet-Backed BYD Becomes China’s Most Valuable Electric Car Company BYD first started its business by making batteries for cellphones, later transitioning to EV battery production.

by KrAsia

2020-07-09

CHINA VIDEO GIANT TikTok

Tiktok to End Operations in Hong Kong Last August, TikTok claimed to have 150,000 users in the territory.

by KrAsia

2020-07-08

CHINA INVESTMENT Cambricon Technologies

Chinese Chipmaker Cambricon Tech Set to Raise $367.8m in IPO Cambricon is offering 40.1 million new shares, and will use the IPO proceeds to fund three chip projects and to replenish working capital.

by DealStreetAsia

2020-07-07

Southease Asia LOGISTICS BEST EXPRESS

Alibaba-Backed Courier Best Makes Further Inroads in Southeast Asia as Pandemic Boosts Delivery Orders The delivery service provider will build 12 sortation centers and around 400 service stations across these three countries over the next three years.

by KrAsia

2020-07-06

CHINA INVESTMENT JD.COM

JD.Com And Netease IPOs Lead Capital Boom in Hong Kong This Year The Hong Kong Stock Exchange (HKEX) welcomed 64 new stocks and 59 IPOs in the first half of 2020, including those listed on its mainboard and the Growth Enterprise Market, around 20% less than the same period in 2019.

by KrAsia

2020-07-03

CHINA INDUSTRY REPORT GAME

China’s Cloud Gaming Market Expected to Quadruple in Size by 2022 Amid 5G Push, Report Says In its 2020 Cloud Game Industry Survey Report, the Beijing-based firm said it expects the country's cloud gaming market to be worth RMB 1 billion (USD 141 million) in 2020 and at least RMB 4 billion by 2022.

by KrAsia

2020-07-02

Zuoyebang EDTECH CHINA

China’s Online K-12 Tutor Zuoyebang Collects USD 750 Million in Series E Round Chinese edtech firm Zuoyebang completed its Series E fundraising round raking in a total of USD 750 million from a group of investors including Tiger Global, Sequoia Capital China, and SoftBank’s Vision Fund I, as the founder and CEO announced in an internal letter on Monday morning.

by KrAsia

2020-07-01

CHINA Startups Smart Parking

China's Smart Parking Solution Provider AIpark Closes USD 42.4 Million Series C Round The fundraising round comes at a time when the Chinese government is pushing to build new digital infrastructure.

by KrAsia

2020-06-30

CHINA Startups 4D

China's Design Software Developer 4D ShoeTech Raises USD 14 Million in Series A+ New funds will be used to expand the company’s 3D modelling and rendering technologies to other products.

by KrAsia

2020-06-29

CHINA TECH GIANT TENCENT

Tencent Confirms Buying Ailing Malaysian Streaming Platform iflix iflix had raised over $360 million from investors including Fidelity International, Hearst Communications, EDBI and Liberty Global before.

by DealStreetAsia

2020-06-28

CHINA NASDAQ LISTED COMPANY LUCKIN COFFEE

Nasdaq to Suspend Trading of China’s Luckin Coffee Shares from Monday Shares of the Chinese company, which was served with two de-listing notices over the last two months, tumbled 35%.

by DealStreetAsia

2020-06-28

CHINA COOL TECH SATELLITE NAVIGATION SYSTEM

China Launches Last BDS Satellite to Complete Global Navigation Constellation China launched the last satellite of the BeiDou Navigation Satellite System (BDS) on Tuesday, marking the completion of the deployment of its own global navigation system.

by Xinhuanet

2020-06-24

CHINA China concept stocks TENCENT

Tencent Makes New Bid for Chinese EV Maker Nio The cash-craving EV startup rebounded strongly from the pandemic’s impact, setting a monthly record for electric vehicles sold in May.

by KrAsia

2020-06-23

CHINA PEOPLE Colin Huang

Pinduoduo Founder Passes Alibaba’s Jack Ma As China’s Second-Richest Man Colin Huang, 40, was worth $45.4 billion today, ranking No. 2 in China only to Tencent Holdings CEO Ma Huateng, also known as Pony Ma, who was worth an estimated $51.5 billion.

by Forbes

2020-06-22

CHINA TECH GIANT BYTEDANCE

ByteDance First Quarter Revenues up 130% with Annual Target Half Tencent’s 2019 Earnings TikTok’s owner set an annual revenue goal of RMB 200 million, while more than 80% of its 2019 revenue was from online advertising.

by KrAsia

2020-06-19

CHINA Semi-Conductor INDUSTRY DATA

The Top 10 Chinese Semiconductor Startups to Watch China has prioritized the development of computing chip technology to cut reliance on foreign imports, leading to a wave of local semiconductor startups.

by KrAsia

2020-06-18

CHINA SOCIAL Startups

Chinese Dating App Blued Parent Seeks to Raise $50m in Nasdaq IPO BlueCity says it has 49 million registered users in over 210 countries. It added that it has 6 million monthly active users, 49% of them from outside China.

by DealStreetAsia

2020-06-17

CHINA Startups AI

China‘s Medical AI startup Shukun Closes USD 28.2 Million Series B1 Round BOC International, the investment bank unit of state-owned Bank of China is one of the investors.

by KrAsia

2020-06-16

CHINA INVESTMENT China Stock

China Finalises New IPO Rules for Shenzhen’s ChiNext Startup Board There will be no price limits during the first five trading days of a newly listed stock, after which shares will be allowed to rise or fall up to 20% during a trading session，compared with 10% previously.

by DealStreetAsia

2020-06-15