Chengdu is launching its first lottery trial to distribute the digital yuan; authorities bust a gang selling personal data for Bitcoin.
On the Cusp
Edtech firm Huohua Siwei valued at $1.5 billion
K-12 online math and science education platform Huohua Siwei received $150 million in a third batch of its Series E, which totals $400 million.
China-made Tesla Model 3 explodes in a Shanghai garage
A collision with a manhole cover could have caused significant damage to the vehicle and triggered the subsequent incident, Tesla said.
Tesla rivals rev up growth in China’s EV sector
NIO and its peers are prying open a window of opportunity to beat Tesla. But time is limited, and every company is sprinting to catch up.
Home rental giant Ziroom is jilting landlords
Landlords told TechNode that house rental platform Ziroom has been demanding cuts in its rent, and walking away from leases if they refuse.
Volkswagen partner Gotion unveils breakthrough EV battery
Volkswagen’s battery partner Gotion High-Tech revealed a new EV battery cell which it said may significantly reduce the cost of electric vehicles.
Second Shenzhen digital yuan lottery, rig makers’ new ventures: Blockheads
Shenzhen launched its second digital yuan public trial just as Suzhou finished its own. Rig makers Ebang and Canaan look to new markets in the new year.
INSIGHTS | How the TechNode community sees China tech in 2021
TechNode community experts note 2020 trends, foresee news about antitrust, electric vehicles, fintech, trade wars, and community buying in 2021.
VC Roundup: A look at the Shenzhen VC world
Shenzhen is famous for entrepreneurship, but its VC scene doesn’t match its importance as a tech hub. Maybe there’s something to learn from it.
BSN eyes CBDCs, Bitmain drama ends: Blockheads
The BSN is looking to tap into central bank digital currencies with two new projects, ZhongAn announces the first insurance policy to accept digital yuan.