Category: China’s

China’s vaping giant Relx gears up for US entry
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China’s vaping giant Relx gears up for US entry

The backlash against vaping in the United States has not deterred a Chinese challenger from entering the world’s largest vaping market. Relx, one of China’s largest e-cigarette companies, is seeking to submit its Premarket Tobacco Product Application to the U.S. Food and Drug Administration by the end of 2021. Upon completion of a review process…

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China’s EV startup Xpeng pulls in $500 million Series C+
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China’s EV startup Xpeng pulls in $500 million Series C+

Xpeng, an electric vehicle startup run by former Alibaba executive He Xiaopeng, said Monday it has raised around $500 million in a Series C+ round to further develop models tailored to China’s tech-savvy middle-class consumers. The announcement followed its Series C round of $400 million closed last November. A source told TechCrunch that the company’s…

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China’s Tencent Splashes $30 Million in Twitch War after Mixer’s Death
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China’s Tencent Splashes $30 Million in Twitch War after Mixer’s Death

A Tencent-affiliated streaming platform, dubbed Trovo, has entered the beta testing phase. Trovo is offering partners $30 million in rewards over eighteen months. This guaranteed income has the potential to lure streamers over from other platforms. With the dust from Mixer’s sudden closure yet to settle, a new contender has already entered the western live…

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China’s food delivery giant Meituan hits $100B valuation amid pandemic
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China’s food delivery giant Meituan hits $100B valuation amid pandemic

Meituan’s shares hit a record high on Tuesday, bringing its valuation to over $100 billion. The Hong Kong-listed giant, which focuses on food delivery with smaller segments in travel and transportation, is the third Chinese firm to reach the landmark valuation. Tencent and Alibaba respectively topped the number back in 2013 and 2014. Tencent-backed Meituan…

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China’s Oppo partners with Vodafone for bigger European push
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China’s Oppo partners with Vodafone for bigger European push

Huawei is facing an uphill challenge in the overseas market as its upcoming devices lack the full set of Google apps and services. That leaves ample room for its Chinese rivals to chase after foreign consumers. That includes Oppo, the sister brand of Vivo under Dongguan-based electronics holding company BBK. In an announcement on Monday, the…

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