Monday, September 6, 2021

Didi's rival company Cao Cao raises $600 million to expand

Geely's Cao Cao Mobility said on Monday that it had raised 3.8 billion yuan ($589 million) to fund expansion, amid competition to grab market share from China's embattled ride-hailing leader Didi Global Inc. https://ift.tt/3h6r0wm
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China's smartphone shipments fell 4.3% YoY to 66M units in Q2, the fifth consecutive quarter of decline, amid a memory shortage; Huawei and Apple grew shipments (Kiranjeet Kaur/IDC)

Kiranjeet Kaur / IDC : China's smartphone shipments fell 4.3% YoY to 66M units in Q2, the fifth consecutive quarter of decline, amid ...