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AutoX now runs 25 driverless robotaxis in China

Alibaba Group Holding Limited is a Chinese multinational conglomerate specializing in e-commerce, retail, Internet and technology. 

Alibaba

AutoX

Bringing together the latest business insights and trends of China's tech ecosystem.

China Tech

Autonomous Vehicles is about self-driving. A self-driving car is also known as a robot car, autonomous car, or driverless car, is a vehicle that is capable of sensing its environment and moving with little or no human input.

Autonomous Vehicles

Mobility

In August, Alibaba-backed AutoX opened a robotaxi ride-hailing service in Shanghai.

KEY STAT | AutoX sends China's first driverless robotaxis on the road | KrASIA

Home

KEY STAT | AutoX sends China&#8217;s first driverless robotaxis on the road

Spotlighting Asia&#039;s next wave of innovations.

KrASIA

https://secure.gravatar.com/avatar/2bddd502480722fd382ec92dfe2fcb9f?s=96&d=mm&r=g

Julianna Wu

Pop Mark Hong Kong IPO to raise USD 600 million

Online channels contributed 32% to the company's 2019 revenue.

KEY STAT | Toy maker Pop Mart sees huge demand for USD 600 million Hong Kong IPO | KrASIA

KEY STAT | Toy maker Pop Mart sees huge demand for USD 600 million Hong Kong IPO

November increased of Xpeng's EV deliveried, YoY: 342%

NIO (Chinese: 蔚来; pinyin: Wèilái) is a Chinese automobile manufacturer headquartered in Shanghai, specializing in designing and developing electric autonomous vehicles. The company is also involved in the FIA Formula E Championship, the first single-seater, all-electric racing series.

Xpeng

Electric Vehicles

Nasdaq-listed Nio also reported record-high deliveries in the same month.

KEY STAT | Xpeng deliveries up 342% in November as China's EV industry gains steam | KrASIA

KEY STAT | Xpeng deliveries up 342% in November as China&#8217;s EV industry gains steam

WM Motor raised the largest amount of funds in Q3: USD 1,5 billion

JD.com, Inc., also known as Jingdong and formerly called 360buy, is a Chinese e-commerce company headquartered in Beijing.

WM Motor

Venture capital is a type of private equity, a form of financing that is provided by firms or funds to small, early-stage, emerging firms that are deemed to have high growth potential, or which have demonstrated high growth.

Venture Capital

KPMG expects a rise in M&A activity in the near future.

KEY STAT | China accounted for 8 of Asia’s 10 biggest VC deals in Q3 2020 | KrASIA

KEY STAT | China accounted for 8 of Asia’s 10 biggest VC deals in Q3 2020

Community e-commerce app Nice Tuan raised USD 196 million

Meituan-Dianping is a Chinese group buying website for locally found food delivery services, consumer products and retail services. The company is headquartered in Beijing and was founded in 2010 by Wang Xing. The Meituan.com site offers deals of the day by selling vouchers on local services and entertainment.

Meituan

E-commerce is the activity of buying or selling of products on online services or over the Internet. 

E-Commerce

Retail

China's grocery group-buying sector is gaining steam as the pandemic is boosting demand.

KEY STAT | Social e-commerce startup Nice Tuan closes its fourth fundraising round in 2020 | KrASIA

KEY STAT | Social e-commerce startup Nice Tuan closes its fourth fundraising round in 2020

Q&amp;A

"Original research thrives on curiosity and drive", Cheng explained.

[Tuning in] Physicist Yangyang Cheng on not to define things with 'success' and 'failure' | KrASIA

[Tuning in] Physicist Yangyang Cheng on not to define things with &#8216;success&#8217; and &#8216;failure&#8217;

Alibaba co-founder Peng Lei's wealth: USD 4.6 billion

Ant Financial Services Group, formerly known as Alipay, is an affiliate company of the Chinese Alibaba Group. Ant Financial is the highest valued fintech company in the world, and the world's most valuable unicorn company, with a valuation of US$150 billion. 

Ant Group

Social Impact

Five of the ten richest females in China are from the real estate industry.

KEY STAT | Alibaba and Ant shareholder Lucy Peng is back on the list of China's richest female entrepreneurs | KrASIA

KEY STAT | Alibaba and Ant shareholder Lucy Peng is back on the list of China&#8217;s richest female entrepreneurs

Revenue growth of AliHealth in H1 2020: 74%

Around 84% of the revenue was generated from direct sales of medicine and healthcare products.

KEY STAT | AliHealth turns profitable after strong revenue growth | KrASIA

KEY STAT | AliHealth turns profitable after strong revenue growth

Total trips completed by WeRide robotaxis: 147,128

Baidu

WeRide and Baidu are in a race to offer China's first "true" driverless taxis.

Julianna Wu

KEY STAT | AutoX sends China’s first driverless robotaxis on the road

KEY STAT | Toy maker Pop Mart sees huge demand for USD 600 million Hong Kong IPO

KEY STAT | Xpeng deliveries up 342% in November as China’s EV industry gains steam

KEY STAT | China accounted for 8 of Asia’s 10 biggest VC deals in Q3 2020

KEY STAT | Social e-commerce startup Nice Tuan closes its fourth fundraising round in 2020

[Tuning in] Physicist Yangyang Cheng on not to define things with ‘success’ and ‘failure’

KEY STAT | Alibaba and Ant shareholder Lucy Peng is back on the list of China’s richest female entrepreneurs

KEY STAT | AliHealth turns profitable after strong revenue growth

KEY STAT | Robotaxi operator WeRide reports successful first year of service