Chinese 3D printing startup Polly Polymer secures new funding
BEIJING — Polly Polymer, a stereolithography, or SLA 3D printing startup in China, has raised nearly 100 million yuan ($15.5 million) in a Series A+ funding round from a group of investors led by Vitalbridge. Polly Polymer offers various high-speed…
Why Tesla’s Surging Chinese Vehicle Sales Are Electrifying for Investors
Tesla (NASDAQ:TSLA) is making more electric vehicles in China than ever, according to a report from the Chinese Passenger Car Association (CPCA). As Reuters reports, 44,264 Teslas built in that country were sold in August, a 275% surge year over year,…
Tesla Stock: Tesla China Sales Jump On Export-Led Strategy As Overall Chinese EV Sales Triple
Chinese electric car sales tripled in August with Tesla (TSLA) seeing a big bump in export-led sales, the China Passenger Car Association reported Wednesday. Tesla stock rose slightly before the open but reversed by midday. It’s still within buy…
Chinese EV Startup Iconiq Said to Mull $4 Billion U.S. SPAC Deal
(Bloomberg) — Iconiq Motors, a Chinese electric vehicle firm, is considering going public in the U.S. through a merger with a blank-check company, according to people familiar with the matter. The startup is working with an adviser on a potential…
Trump may demand TikTok’s Chinese owners sell it, and guess who may be interested
Trump may demand TikTok’s Chinese owners sell it, and guess who may be interested Sell the company or face a potential U.S. ban? That’s the decision TikTok’s China-based parent company, ByteDance, may have to make. TikTok may soon be put up for sale in…
Chinese Electric SUV Maker Li Auto Raises $1.1 Billion in IPO
(Bloomberg) — Chinese carmaker Li Auto Inc. raised $1.1 billion in an above-range U.S. initial public offering, adding to the market focus on electric-vehicle companies, according to terms of the deal reviewed by Bloomberg. Li Auto sold 95 million…
Indian Tech Moguls Urge Modi To Be Tougher on Chinese Rivals
(Bloomberg) — Leaders in India’s technology industry are urging the country to go even further to protect the interests of local companies against foreign rivals, or risk ceding the world’s fastest growing internet arena to Chinese and American…
Google Couldn’t Help This Chinese Games Startup Beat Tencent
(Bloomberg) — Once high-flying Chinese game-streaming platform Chushou TV has shuttered, becoming the latest casualty in a market increasingly dominated by Tencent Holdings Ltd. The mobile-focused streaming network’s demise on July 2 comes just two…
Trump administration announces visa restrictions on Chinese tech giants
Trump administration announces visa restrictions on Chinese tech giants The Trump administration has it out for Huawei. We were reminded as much Wednesday when Secretary of State Mike Pompeo announced new visa restrictions aimed at employees of the…
Chinese Smartphone Giant Vivo Is Latest to Splurge on Tech Tower
(Bloomberg) — China’s No. 2 smartphone brand Vivo Mobile Communications Co. has broken ground on a high-rise office in Shenzhen to house its future headquarters, highlighting a construction boom from the country’s burgeoning tech sector. number 1…