Phate Zhang
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US said to clarify limits of WeChat, TikTok crackdown around Sept 20
The Trump administration is debating the scope and effective date of its bans on Chinese social media apps WeChat and TikTok and the decisions will be made public in the Federal Register around September 20, Bloomberg reported Wednesday citing people familiar with the matter.
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CICC initiates coverage of Li Auto with 'outperform' rating and price target of $21.50
China's top investment bank CICC Wednesday initiated coverage of Chinese EV maker Li Auto with an outperform rating and a target price of $21.50, meaning a 20 percent upside space from Wednesday's close.
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NIO completes offering of new shares, why is it increasing ownership in NIO China?
Chinese EV maker NIO announced Wednesday the completion of the offering of 101,775,000 American depositary shares, each representing one Class A ordinary share, which included the exercise in full by the underwriters of their option to purchase up to an additional 13,275,000 ADSs, at a price of US$17.00 per ADS.
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Luckin Coffee board votes to reinstate Sean Shao as independent director
The board of directors of Luckin Coffee, which is embroiled in the financial fraud controversy, voted at an extraordinary general meeting held on September 2 to approve a resolution to reinstate Sean Shao as an independent director.
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India bans 118 more Chinese apps including PUBG Mobile for national security reasons
The Indian government announced the banning of 118 Chinese apps, according to AFP.
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MediaTek reportedly cancels 5nm 5G platform originally built for Huawei
Huawei started to include MediaTek processors in several of its phones after production of the HiSilicon chip was blocked. But now it looks like that path won't work either.
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UK mobile game developer Kwalee expands into China to tap world's biggest market
Kwalee, UK-based developer and publisher of hyper-casual mobile games, is expanding into China to find more growth opportunities in the biggest mobile gaming market in the world.
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NIO and Xpeng both offer battery rental services, what's the difference between the two?
On August 20, 2020, Chinese EV maker NIO launched its BaaS (Battery as a Service) battery rental service, which had been in the works for years. Less than half a month later, Xpeng Motors also launched a similiar program.
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Yangtze Memory sub-brand ZHITAI to release first SSD product this month
Following its launch late last month, ZHITAI, a sub-brand of Yangtze Memory Technologies, said today that it will launch the first SSD product under the new brand in September.
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OPPO increases smartphone orders by up to 100 million units as Huawei's global expansion hits wall
With Huawei suffering setbacks in the smartphone market due to US sanctions, other Chinese smartphone brands are taking advantage of the opportunity to rise. OPPO smartphones are a…