The number of mobile monthly active users decreased from 50.2 million in the same period last year to 45.3 million, and the average number of paying users also decreased from 4.5 million to 3.4 million.
The annual report shows that in 2023, Faraday Future had revenue of $800,000 and a cost of sales of $43 million, both of which were zero in the same period of the previous year.
Zhipu AI has completed a new round of financing at the beginning of this year, with over 2000 ecosystem partners and more than 1000 large-scale model applications.
Luxury electric vehicle manufacturer Lotus Technology Co., Ltd. - owned by Geely Group - recently received approval for its IPO filing from the China Securities Regulatory Commission.
Shanghai-based HP Micro Semiconductor Technology Co., Ltd. has successfully completed the first phase of verification for its high-performance HPM6E00 chip, the first in China to feature an EtherCAT Slave Controller (ESC) authorized by Germany's Beckhoff.
Bao Fan, the CEO of China Renaissance, has stepped down from his position after a year of cooperating with an ongoing investigation and being out of the public eye.
The European Commission has approved a joint venture between Mercedes-Benz (China) Investment Co., Ltd. and BMW Brilliance Automotive Ltd., aiming to develop public charging infrastructure for electric vehicles in China.
Chinese EV maker Leap Motor has recently secured a strategic investment of HKD 659 million, following the Stellantis Group's previous investment of 1.5 billion euros.
On January 4th, the share price of leading sports technology company, Keep, fell by more than 30% during trading hours, reaching a new all-time low since its listing.
