Innovative breakthrough: electric flying saucer in Shenzhen makes 15-minute flight
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Electric flying saucer in Shenzhen is the world’s first and successfully completes its maiden flight, showcasing a remarkable 15-minute flight at 50 km/h.
News
Huawei ICT Competition 2022-2023 Global Final Showcases World’s Top Student Talent
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The Huawei ICT Competition 2022-2023 Global Final in Shenzhen concludes, highlighting the remarkable skills of students from around the world.
Meituan takes flight: Meituan drone delivery soaring towards Shenzhen
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Meituan Drone Delivery plans to revolutionise food delivery in Shenzhen with its service, awaiting approval from aviation authorities. Faster, more efficient, and futuristic!
BYD reports stronger Q3 growth than competitors
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ShenzhenPress (Shenzhen)—BYD reported growth a gross margin of 22.75% in the third quarter of 2022. This is significantly stronger than its competition, including Changan (17.4%), SAIC (9.6%), GAC (4.6%), and Huawei-backed Seres (-57.3%). Major automakers are struggling with rising lithium prices and price war. Lithium carbonate prices have jumped nearly 80% since the start of…
Shenzhen is China’s robotaxi capital as DeepRoute.ai starts public trials
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Shenzhen News (Shenzhen)—DeepRoute.ai on Monday launched its robotaxi service trial in Shenzhen with a fleet of 20 self-driving taxis. The cabs will be monitored by safety drivers and will start to take passengers around the central business district of Futian. The company said in a statement that it has received a permit to run trials…
Naiyuki poised for US$657 million Hong Kong IPO
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Naiyuki Holdings Limited is seeking to raise HK$5.1 billion (US$657 million) from an initial public offering in Hong Kong.
HAI ROBOTICS named Best Intralogistics in IFOY Award 2021
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Shenzhen News (Shenzhen)–HAI ROBOTICS, the pioneer in autonomous case-handling robotic systems (ACR systems) and Shenzhen-based information and communication technology (ICT) powerhouse in China, has received two “Best Intralogistics” certificates from the world-renowned Intralogistics and Forklift Truck of the Year (IFOY) Award 2021 for its HAIPICK ACR solutions. The IFOY Award is largest and toughest intralogistics…
Huawei gains mobile payments license by acquiring Xunlian
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Shenzhen News (Shenzhen)—Shenzhen-based tech giant Huawei has acquired a mobile payments license in China after buying Shenzhen Xunlian Zhifu Network from Shanghai Wo Rui Ou Information Technology Co, Ltd. Founded by Shenzhen-based telco giant ZTE, Xunlian was spun-off into a standalone company. It was licensed to provide payment services via its website or mobile phone…
Fintech Linklogis to file IPO for $1.1 billion
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Shenzhen News (Shenzhen)—Shenzhen-based fintech Linklogis is looking to raise HK$8.28 billion ($1.1 billion) from an initial public offering in Hong Kong. Linklogis provides tech solutions for supply chain financing in China. The company is backed by Tencent and Standard Chartered Bank, and Singapore sovereign wealth fund GIC. Linklogis is selling 452.9 million shares at HK$16.28…
Vaping firm RELX raises $1.4 billion in IPO
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Shenzhen News (Shenzhen)—Shenzhen e-cigarette maker RELX Technology Inc. has raised $1.4 billion in a US initial public offering, giving the company a market value of about $46 billion. The company, backed by Sequoia Capital China, sold 116.5 million shares for $12 apiece in its trading debut. Citigroup Inc and China Renaissance Holdings Ltd led the…