A cash injection into would-be EV maker Faraday Future is being made on behalf of the government of Zhuhai, a source tells TechNode.
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 the annual Spring Festival marketing blowout. Alipay prepares for the 2021 red envelope war. Edtech attracts more investment.
Uisee is benefiting from investor interest in Chinese AV startups as the Covid-19 pandemic pushes unmanned transport applications.
Chengdu is launching its first lottery trial to distribute the digital yuan; authorities bust a gang selling personal data for Bitcoin.
The public digital yuan lottery in Chengdu will be the biggest one yet, distributing RMB 50 million to lucky winners via red envelopes.
China Evergrande New Energy Vehicle Group closed the sale of 952 million shares to six investors for a total of $3.35 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.
The launch shows that the split is an initial success, as the Honor phone contains technology that Huawei still finds difficult to acquire.
As espionage scandals and the US campaign against Huawei shook Europe through the 2010s, EU authorities beefed up cybersecurity laws. Greece followed suit.