Tag: Didi

Chinese fast-fashion retailer Shein secretly files for US IPOGoldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters on …

China-founded fashion company Shein has confidentially filed to go public in the United States, the Wall Street Journal reported on Monday, citing people familiar with the matter. The fast–fashion giant has been working with at least three investment banks about a potential IPO and was in talks with the New York Stock Exchange and the Nasdaq, Reuters reported in July. Goldman Sachs, JPMorgan… Continue reading Chinese fast-fashion retailer Shein secretly files for US IPOGoldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters on …

DiDi Aims to Disrupt Business Travel with Cutting-Edge Generative AI Integration

In a strategic move to redefine the landscape of business travel, Chinese ride-hailing giant DiDi is harnessing the power of generative artificial intelligence (AI). At the helm of this innovative endeavor is Chai Hua, the head of DiDi Travel’s Maps and Public Transport Division, leading an internal team dedicated to generative AI applications. This initiative… Continue reading DiDi Aims to Disrupt Business Travel with Cutting-Edge Generative AI Integration

China Digest: Betone raises nearly $71m; Ant Group backs Legend Energy

China’s Betone, a developer of manufacturing equipment used in chip production, and Legend Energy, which offers artificial intelligence (AI)-based smart energy storage solutions, have become the latest startups to raise capital. Betone raises nearly $71m to develop new products  Betone Technology Shanghai Inc, a Chinese developer of manufacturing equipment used in semiconductor production, has secured… Continue reading China Digest: Betone raises nearly $71m; Ant Group backs Legend Energy

Chinese EV maker XPeng completes initial closing of deal to buy Didi’s smart auto asset

Chinese electric vehicle manufacturer XPeng on Monday hit the initial closing of its acquisition of ride-hailing firm Didi’s smart auto development business.  Xpeng announced on August 27 that it will acquire Xiaoju Smart Auto and its subsidiaries — the EV unit that develops, designs and engineers the smart EV model under DiDi in a deal… Continue reading Chinese EV maker XPeng completes initial closing of deal to buy Didi’s smart auto asset

Shares of China’s Geely fall as Zeekr reveals wider H1 2023 loss

China’s Zeekr Intelligent revealed wider losses for the first half of the year on Thursday, as the electric car brand made its paperwork public for a stock market listing in New York and said it hoped to use funds raised to expand its product line. Zeekr, owned by Chinese automaker Geely Auto, had confidentially filed for its… Continue reading Shares of China’s Geely fall as Zeekr reveals wider H1 2023 loss

Chinese EV maker Geely’s Zeekr edges closer to US IPO, to make filing public this weekZeekr confidentially filed for a US initial public offering last…

Zeekr, Chinese automaker Geely’s premium electric car brand, will this week publicly release some details of its plans to list shares in New York, according to two sources with direct knowledge of the matter, seeking to ride growing enthusiasm for EVs despite strained U.S.-China ties. The EV brand will publish its prospectus and its shares could start… Continue reading Chinese EV maker Geely’s Zeekr edges closer to US IPO, to make filing public this weekZeekr confidentially filed for a US initial public offering last…

Weibo Reports Third Quarter 2023 Unaudited Financial Results

BEIJING, Nov. 9, 2023 /PRNewswire/ — Weibo Corporation (“Weibo” or the “Company”) (NASDAQ: WB and HKEX: 9898), a leading social media in China, today announced its unaudited financial results for the third quarter ended September 30, 2023. “We further improved our platform’s traffic structure and enhanced our operating efficiency this quarter,” said Gaofei Wang, CEO of Weibo. “On… Continue reading Weibo Reports Third Quarter 2023 Unaudited Financial Results

China’s truck industry is buying more driver-assist technology

People attend a launch ceremony of Inceptio’s autonomous driving system on March 10, 2021 in Shanghai, China. Huanqiu.com | Visual China Group | Getty Images BEIJING — China’s truck industry is finding more reasons to buy vehicles with assisted-driving technology. It’s a critical step toward monetization in a nascent business that’s drawn many investor dollars,… Continue reading China’s truck industry is buying more driver-assist technology