A cash injection into would-be EV maker Faraday Future is being made on behalf of the government of Zhuhai, a source tells TechNode.
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Friendly neighbors are the key to China’s community group-buying craze
For many, finding a good deal is the main reason to join a community group-buying platform. Socializing with neighbors is a reason to stay.
ByteDance joins Spring Festival ad war, edtech funding: Retailheads
ByteDance joins the annual Spring Festival marketing blowout. Alipay prepares for the 2021 red envelope war. Edtech attracts more investment.
Autonomous car startup Uisee raises $150 million from state-backed fund
Uisee is benefiting from investor interest in Chinese AV startups as the Covid-19 pandemic pushes unmanned transport applications.
Chengdu digital yuan trial, data thieves paid in crypto: Blockheads
Chengdu is launching its first lottery trial to distribute the digital yuan; authorities bust a gang selling personal data for Bitcoin.
Chengdu to distribute $7.7 million in its first digital yuan lottery: report
The public digital yuan lottery in Chengdu will be the biggest one yet, distributing RMB 50 million to lucky winners via red envelopes.
Shares of Evergrande EV unit surge 50% after raising $3.4 billion
China Evergrande New Energy Vehicle Group closed the sale of 952 million shares to six investors for a total of $3.35 billion)
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.
Honor unveils first handset since Huawei split
The launch shows that the split is an initial success, as the Honor phone contains technology that Huawei still finds difficult to acquire.
Huawei in Greece: How Snowden shaped EU’s approach to Huawei
As espionage scandals and the US campaign against Huawei shook Europe through the 2010s, EU authorities beefed up cybersecurity laws. Greece followed suit.