Phate Zhang
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China's biggest property developer says its new energy vehicles will be mass-produced in H2 next year
The first six Hengchi-branded vehicles will start trial production in the first half of next year and will be mass-produced in the second half, China Evergrande NewEnergy Vehicle Group president Liu Yongjue said.
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Chinese owner says European owners' vehicles appear in his Tesla app
A Tesla owner in China recently said that his Tesla mobile app can see all the information of other vehicles far away in Europe and he can remote control them.
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Chinese city already has civil servants receiving part of their salaries in digital RMB
China's central bank digital currency testing and preparations are moving forward, and in Suzhou, one of the pilot regions, some government workers are already receiving part of their salaries in the form of digital RMB, according to CCTV.
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TikTok CEO Kevin Mayer resigns after three months on the job
Following media reports of TikTok CEO Kevin Mayer's resignation, its parent company ByteDance has confirmed the information and said that it respects his decision and thanks him for his work with TikTok.
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Tesla's Chinese rival Xpeng expands its share sale in upcoming US IPO
Tesla's Chinese rival, Alibaba-backed EV maker Xpeng Motors is expanding the size of its share sale and pricing the shares above a marketed range, raising about $1.5 billion in a U.S. initial public offering, according to Bloomberg.
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Li Auto shares surge 28% to record high
Chinese EV maker Li Auto shares surged 28.25 percent to close at $23.38 on Wednesday, a record high since its IPO, pushing its market capitalization to $19.55 billion.
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Alibaba suspends plans to invest in Indian companies
Alibaba has suspended plans to invest in Indian companies and will not put in new money to expand its investments in India for at least six months, Reuters said, citing people with knowledge of the matter.
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SMIC shares hit new low since IPO, market capitalization down 150 billion yuan from July's high
As China's largest and most advanced semiconductor manufacturing company, Semiconductor Manufacturing International Corporation (SMIC), was pinned on high expectations. However, today, more than a month after its listing on China's A-share market, the company's share price fell to a new low, losing 150 billion yuan in market value.
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Chinese investment bank CICC raises its NIO target price again, as it sees three benefits of BaaS
NIO recently launched its BaaS (Battery as a Service) battery rental service. Chinese investment bank CICC believes that this will improve the company's gross margin, thus injecting new momentum into its car sales and performance improvement.
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Chinese computer with Huawei's Kunpeng 920 processor to be released soon
China-made desktop computer equipped with Huawei Kunpeng processor and KylinOS may be launched soon.