Chinese automaker Geely will launch new cars every month this year, more than 90% of which will be new energy vehicles, with the main goal of increasing the firm's market share.
Su Hua, Chairman of Chinese short video streaming platform Kuaishou, reduced his holdings of 54,713,783 Class B company shares on January 18. Kuaishou responded that the proceeds will be used for charitable donations, cutting-edge technology and infrastructure investment.
Danilo Teobaldi has stepped down as vice president of automotive engineering for NIO, transferring to become the firm's chief engineer in Europe. Meanwhile, Zhou Xin, NIO's Executive Vice President and Chairman of Product Committee, will take over the post.
A final list of drugs to be included in China's public health insurance scheme was released on January 18. A total of 111 drugs had been added to the catalogue, and that three drugs had been dropped.
US tech giant Microsoft would lay off 10,000 workers by the end of this year's third quarter, accounting for just under 5% of its total employee count. The firm's China division reportedly will be involved, but the layoff ratio is lower than 5%.
A game license agreement between Blizzard and NetEase will expire on January 23, and Blizzard has decided not to renew it. Blizzard China latest announcement invited widespread criticism from Chinese web users.
Junshi Biosciences, a Chinese biopharmaceutical company, announced on January 18 that the country's medical products authorities had accepted a new drug application for Deuremidevir Hydrobromide Tablets (project code: JT001/VV116) for the treatment of COVID-19.
On January 17, Chinese battery giant CATL and global leader in applied safety science UL Solutions announced a new MOU for strategic cooperation to help create safer deployment and use of battery energy storage systems (BESS) and electric vehicle batteries.
On January 18, Chinese electric vehicle maker XPeng held its annual meeting. He Xiaopeng, the firm's chairman, reviewed his five-year entrepreneurial journey from 2018 to 2022, reflected on the firm's performance in 2022, and shared its main plan for 2023.
During the recent CES 2023 tech show in Las Vegas, consumer electronics firm TCL launched its #TCLGreen campaign, a global initiative building on its award-winning US sustainability achievements to continue growing its commitment to ESG efforts and create a greener planet.
Chinese short video platform and TikTok rival Kuaishou announced on January 17 that Chen Dingjia will resign as chief technology officer, as he plans to devote more time to his family and personal affairs.
Leading Chinese lidar firm Hesai Technology submitted a prospectus on January 17 in preparation for its listing on the Nasdaq under stock code "HSAI."
Faraday Future, a California-based smart electric mobility firm, on January 18 announced that it has reached a non-binding cooperative framework agreement with the city of Huanggang in China's Hubei Province, intended to promote its US-China dual-home market strategy.
Why does blockchain matter? People might have different answers to this question. To Kevin de Patoul, the co-founder of Keyrock, a digital-asset market maker, blockchain enables the market to provide liquidity on a broader scale of asset types.
Following similar moves by Tesla China and Huawei-backed AITO, Guangzhou-based electric vehicle firm XPeng has announced a price reduction plan.
China's Spring Festival holiday is approaching, and domestic express delivery companies such as SF Express, STO Express, Yunda Express, YTO Express and Cainiao have announced that they will continue to provide services from January 20 to January 25.
News emerged recently that Tesla's production of 4680 large cylindrical batteries has achieved a major breakthrough, and that costs have dropped by 54%. However, many staff members of Tesla's China division stated, "At present, there is no related news."
Two months after the announcement of a game license termination between NetEase and Blizzard, both parties confirmed that negotiations had failed and they would not renew their contracts.
The annual CCTV Spring Festival Gala in China will be broadcast on WeChat Channels, ByteDance's Douyin and Kuaishou, among which Douyin may serve as one of the event sponsors.
Chinese battery giant CATL announced an organizational restructuring last week, under which some decision-making power will be concentrated in the headquarters to improve efficiency.