China Tech Digest: Cowarobot Completes $250 Million Series C Round; China To Launch First Solar Exploration Satellite This Year

Cowarobot completes a US$250 million series C round financing

Chinese autonomous driving company Cowarobot announced the completion of a US$250 million series C round financing, which was jointly invested by some well-known industrial funds and investors. Proceeds will be mainly used to promote the company’s product development, and further expand the domestic market, invest in leading companies in the urban sanitation, and further expand the scale of Robotaxi’s test fleet.

Huawei launches HarmonyOS FTTR solution

Chinse mobile ecosystem developer Huawei has launched HarmonyOS FTTR(Fiber to The Room) solution. At the press conference, representatives of 35 network operators, real estate developers and home decoration service providers jointly signed the Letter of Intent to develop 4 million FTTR rooms. Guests also co-sponsored the development initiative of "10 million in three years and 100 million FTTR digital homes in five years".

BitMart: Existing users in mainland China will be cleared and refunded

Global cryptocurrency exchange BitMart issued an announcement stating that existing users authenticated as Mainland Chinese will be cleared and refunded. The clearance work will be completed before 24:00 on November 30, 2021 (Beijing time), under the premise of ensuring the safety of users’ assets.

Aviation industry: China’s aviation weapons have achieved a major historical leap

The Aviation Industry Corporation of China (AVIC) held a press conference in Zhuhai a few days ago to introduce Chinese 70-year reform and development achievements in the aviation industry. Yang Wei, deputy general manager of AVIC and chief designer of the J-20 fighter, said that China’s aviation weapons have achieved a major historical leap from non-stealth to high stealth, from mechanization to informationization, from manned to unmanned, from small to medium-sized and large-sized, from tracking development to independent innovation, and from a single technological breakthrough to the improvement of systematic capabilities.

China plans to launch its first solar exploration satellite this year

China plans to launch its first solar exploration satellite this year, with a model exhibited at the ongoing 13th China International Aviation and Aerospace Exhibition. The satellite, developed by the Eighth Institute of China Aerospace Science and Technology Corporation, will mark China’s entry into the "Era of Solar Exploration."

(China Money Network’s articles are curated and translated from credible Chinese media organizations with established brands, experienced editorial teams, and trustworthy journalism practices. However, we are not responsible for the accuracy of the information. For any questions, please reach out to our editorial department.)

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