20210516 China News
Source: | Author:eacham | Published time: 2021-05-16 | 550 Views | Share:
01
China's popular video sharing platform Bilibili posted strong revenue growth in the first quarter of 2021 on a fast-expanding user base.Net revenues reached 3.9 billion yuan ($595.4 million) in the January-March period, up 68 percent year-on-year, Bilibili announced in its first-quarter financial results Thursday.

02
Sustained efforts can help commercialize self-driving buses in China that already boasts the world's longest unmanned bus routes, a new report said.Driverless buses are currently in operation on some open roads in four countries－China, the United States, Finland and Germany－according to a joint report released by Chinese self-driving startup QCraft, China Mobile and research firm CB Insights.

03
Reading serialized novels online has become a favorite pastime for many Chinese.According to the Chinese Academy of Social Sciences, half of China's netizens－roughly 455 million people－have developed the habit of indulging in literary works online spanning urban romance, science fiction, fantasy and other genres.Chinese companies are now hoping the popularity can be extended beyond their home turf.

04
WeRide, a Chinese autonomous driving company, announced on Thursday that it has raised several hundreds of millions of dollars in its latest round of fundraising, which moves the startup's valuation to $3.3 billion. The fresh round attracted investors including IDG Capital, Homeric Capital, CoStone Capital, Cypress Star, Sky9 Capital and K3 Ventures. Its existing investors like CMC Capital Partners, Qiming Venture Partners and Alpview Capital also participated in this round.

05
The Chinese mainland on Thursday reported two new locally transmitted COVID-19 cases in Anhui Province, the National Health Commission said in its daily report on Friday.The same day also saw five new imported cases on the mainland. Of them, three were reported in Guangdong, and one each in Shanghai and Fujian.

06
US goods exports to China rebounded strongly in 2020－growing by nearly 18 percent－propelled by the Asian country's market openings, tariff exclusions and early recovery from the pandemic, the US-China Business Council said on Wednesday.

07
Global food and beverage giant Nestle would accelerate market expansion of its newly Cantonese-featured ice cream through continuous innovation in production, research and development and brand culture, according to a senior company executive.

Source:Globaltimes,Xinhuanet,Chinadaily,Shine,Gdtoday，China Plus News

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham


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