Chinese tech juggernaut, Ant Group, has raised $34 billion in a mega initial public offering (IPO), making it the largest stock exchange listing in history. The Jack Ma-owned online payments company listed on the Hong Kong and Shanghai stock exchanges at $10.32 and $10.26 per share respectively. The IPO surpasses Saudi oil firm, Aramco, which…
The world’s second-largest solar farm, 2.2Gw plant, has come online in China’s Qinghai Province. The unveiling comes shortly after President Xi Jinping told the United Nations Annual General assembly that China plans to go carbon neutral by 2060. The plant, in China’s sparsely populated northwest region, took around four months to complete. Qinghai’s solar farm…
Polestar’s 2020 electric vehicle concept car is to go into mass production in a carbon-neutral factory in China, according to the electric vehicle firm. The Polestar Precept made its debut earlier this year as a concept car with an emphasis on sustainability and cutting-edge tech instead of traditional performance figures and specifications. The Geely-owned Volvo…
Chinese electric vehicle (EV) firm, Nio, has launched its semi-autonomous technology, which allows for hands-free driving using high-definition mapping technology. The Shanghai-based EV company’s navigation assistant – called Navigate on Pilot (NoP) – will be available via software update this month. The company, founded in 2014, says NoP is the first assisted-driving function that uses…
Chinese chemical and gas company, Linggas, has started to capture and re-use nitrous oxide during nylon production using new technology. The greenhouse gas is 300 times more harmful to the ozone layer than carbon dioxide. The Beijing-based industrial giant, which sells industrial gases used in electronics, recently took strides towards becoming climate-neutral, something Chinese president…
Warren Buffet-backed Chinese automotive giant, BYD, has delivered a shipment of 106 new electric buses to Finland in the largest delivery ever received by the eco-conscious Scandinavian state. The transaction, the first between Finland and BYD, will see 64 buses introduced to the tarmac of the Finnish capital, Helsinki, which has been at the forefront…
Sending robots to planets, moons and meteors to mine rare space resources will soon be more than the subject of science fiction movies. A Chinese startup, Origin Space, has announced plans to identify, extract and return off-earth resources. The privately-owned Beijing-based group, specialising in off-earth resources, is scheduled to launch its ‘space mining robot’, NEO-1,…
China’s automotive industry has found an unlikely hero after the Wuling Hong Guang Micro electric vehicle (EV), a joint venture between General Motors (GM) and SAIC Motor, outsold the Tesla Model 3 in China. Chinese EV manufacturers eager to be the ”next Tesla” have had to find ways to ride the momentum created by the…
A team of Chinese researchers has developed a biodegradable plastic replacement which promises to lessen the burden placed on the planet by excessive plastic use and waste. Professor Xu Jiachao and his team of researchers at the College of Food Science and Engineering at the Ocean University of China are using an abundant oceanic resource…
Pinduoduo, the world’s largest e-commerce platform and China’s second busiest online marketplace, has announced its plans to sell $145 billion worth of agricultural produce in 2025. The bold claim came shortly after it was announced that Chinese consumers had bought $58 billion worth of agricultural produce online in 2019 – a 27% increase, according to…