Business

Bilibili, QQ Music Reached Strategic Cooperation

Bilibili.com and QQ Music jointly announced an in-depth strategic partnership and the two parties will implement cooperation in musician support, quality music promotion, and...

Tesla Gained CNY9 Billion Loan From Chinese Banks

American electric car maker Tesla recently filed with the U.S. Securities and Exchange Commission, stating that the company reached agreements with Chinese lenders who...

Rumor: Ant Financial To Acquire Shares Of Vietnam E-wallet Provider

According to reports in foreign media, Alibaba's fintech company Ant Financial has acquired substantial shares of Vietnam e-wallet provider eMonkey. This strategic investment is reportedly...

Legend Holdings Chairman Retires

Legend Holdings formally announced that according to plan, Legend Holdings' chairman, executive director and founder of Lenovo Group Liu Chuanzhi will no longer be...

Xiaopeng Motors, NIO Reached Cooperation For Charging Station Sharing

According to reports in Chinese local media, Xiaopeng Motors and NIO's NIO Power recently signed an agreement and the two parties will implement cooperation...

Kingsoft, Xiaomi Signed Framework Agreement

Kingsoft previously published an announcement, stating that the company signed a framework agreement with Xiaomi Group. According to the agreement, Kingsoft will provide comprehensive services...

African Electronic Financial Service Provider Gained Investment From Chinese Investors

One-stop electronic financial service provider OPay announced that the company recently completed its series B round financing of USD120 million. According to OPay, its investors...

Xiaomi Announced To Enter Japanese Market In December 2019

Xiaomi Japan announced on its official Twitter account that the company would release smartphone and home appliances products in the Japanese market on December...

JD Net Profit Up 160.6% In Q3 2019

Chinese B2C e-commerce platform JD recently published its unaudited financial report for the third quarter of 2019, stating that based on non-GAAP, the company's...

China Telecom, JD Logistics Reached Strategic Cooperation For 5G Technology Realization

China Telecom and JD Logistics recently signed a 5G strategic cooperation agreement, under which the two parties will implement research innovation and cooperation focusing...

Alibaba To Launch Hong Kong IPO On November 26

Alibaba Group announced that they plan to be listed on the main board of Hong Kong Stock Exchange with stock code "9988" on November...

Hong Kong's Tech Companies Gain Financial Reprieve

With rumors of technology companies feeling the financial sting of the ongoing protests in Hong Kong, one key government landlord is giving a helping...

36Kr Holdings Eyes IPO In U.S.

China's 36Kr Holdings Inc., 36Kr's media business, previously submitted its prospectus to the U.S. Securities and Exchange Commission, aiming to raise up to USD100...

Rumor: Tencent Acquired 10% Stake In PolicyBazaar For USD150 Million

According to reports in foreign media, after several months' negotiation and communication, China's technology giant Tencent finally decided to invest about USD130 million to...

Aptiv VP Joined Didi Autopilot Company As CTO

Didi recently announced that Wei Junqing, former global engineering vice president of Aptiv, has joined Didi's autopilot company as chief technology officer, report to...

58.com Appointed New International Business President

Chinese classified information platform 58.com recently announced to appoint Zhou Hao as its international business president, fully leading the company's international business expansion outside...

Baidu Invested CNY1.4 Billion In Neusoft

According to reports in Chinese local media, Baidu announced a strategic investment in Dalian Neusoft Holding Co., Ltd., with a total investment of CNY1.443...

SAIC Motor, Alibaba Reached Strategic Cooperation Agreement

According to information from Alibaba, SAIC Motor and Alibaba reached a strategic cooperation agreement to jointly create the next-generation intelligent networking car. The two parties...

Meitu Made Strategic Investment In Dajie.com

Meitu recently published an announcement, stating that the company will make a strategic investment in Dajie.com by issuing shares and cash payment to acquire...

NavInfo, BMW Sign CNS Service Agreement

China's NavInfo recently published an announcement, stating that the company has signed a service agreement with BMW for car networking system. According to the agreement,...

Tencent Music Reported Net Profit Of CNY927 Million For Q2 2019

Tencent Music recently published its unaudited financial report for the second quarter of 2019, stating that their total operating revenue reached CNY5.9 billion, a...
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