The ADR of US-traded Chinese social media and gaming giant Tencent Holdings fell nearly 10 percent pre-market after its largest shareholder Prosus announced plans to sell HK$114.1 billion worth of its holdings.
The Amsterdam-listed firm said Wednesday...
GAC expected to unveil battery technology with range of up to 1,000km on Friday
Chinese auto giant GAC announced Wednesday that it will showcase its super-fast-charging battery technology as well as its silicon cathode battery technology at the annual GAC TECH DAY event on April 9.
Earlier this year, GAC released a teaser image...
Chinese cryptocurrency firm Ebang surges pre-market after denying short-selling allegations
A short-selling report on Tuesday caused Chinese cryptocurrency company Ebang International’s ADRs traded in the US market to plunge about 13 percent. Now, the company has refuted the allegations and its shares surged in pre-market trading.
On April...
Geely's Zeekr brand's first model could be unveiled this month and go on sale in August
The Zeekr 001, the first model of Geely’s premium electric car brand Zeekr, will be unveiled on April 15 and go on sale in August-September, local media Pcauto.com.cn said Wednesday.
The model, previously known as the Lynk ZERO, is priced between RMB...
Auto expert now expects chip shortages to take nine months to a year to ease
From traditional car companies like Volkswagen to emerging car companies like NIO, all are facing the impact of chip shortages this year. Now it seems that the supply and demand imbalance may last longer than originally expected.
Li Shaohua, deputy...
NIO's William Li says confident that sales in Chinese market will exceed 1 million
William Li, founder and chairman of NIO, said he is confident that the Chinese electric car maker will become the smart electric car brand with sales exceeding 1 million in China.
Li made the remarks at a media event at the Hefei plant on April 7, when...
Holiday economy, Dingdong Maicai secures $700 million round: Retailheads
A three-day weekend witnessed increased spending on domestic travel and entertainment. Online grocery delivery platform Dingdong Maicai secured a hefty $700 million round. Re-commerce site Zhuanzhuan received $390 million in funding, while rival...