Business

BYD's Lithium Iron Phosphate Battery Factory In Brazil Started Production

BYD's lithium iron phosphate battery factory in Manaus, Brazil recently started formal production with annual capacity of 18,000 battery modules. With an investment of about...

ByteDance May Enhance Investment In Singapore

According to information from an insider, ByteDance plans to focus on the Singapore market and it will take the marketplace as a position for...

JDD, H3C Reached Strategic Cooperation

JDD, formerly known as JD Finance, and H3C reached strategic cooperation and the two parties will fully play their technology and resource synergy advantages...

Country Garden Former VP Joined Xiaomi

Xiaomi Group recently announced its latest executive appointment and said that Peng Zhibin, former vice president of Country Garden, had joined Xiaomi as Xiaomi...

Wuhan To Build China's Largest 5G Autopilot Demonstration Area

According to information from Wuhan Development Zone, the National Intelligent Connected Vehicle (Wuhan) Test Demonstration Area will be further expanded in 2020 and it...

Suning.com Reported Operating Revenue Of CNY118.424 Billion In H1 2020

Suning.com recently published its financial report for the first half of 2020, stating that its operating revenue was CNY118.424 billion, a year-on-year decrease of...

Skyworth Reported CNY15.979 Billion Turnover For H1 2020

Skyworth Group recently announced its interim results for the first half of 2020, stating that its turnover reached CNY15.979 billion and its profit attributable...

Huami CFO Resigned

According to reports in Chinese local media, Huami's CFO Cui Dawei submitted resignation for personal reasons, effective on October 1, 2020. After the resignation, Cui...

Meituan Dianping Net Profit Up 82% In Q2 2020

Meituan Dianping recently published its interim performance report for 2020, stating that during the second quarter of 2020, the company's operating revenue reached CNY24.72...

Xiaopeng Motors Eyes NYSE Listing On August 27

According to reports in foreign media, Xiaopeng Motors plans to submit its IPO application this week and the company will be officially listed on...

Samsung To Close Last Computer Factory In China

According to reports in foreign media, Samsung recently announced to terminate operation of its last computer factory in China. The factory is located in Suzhou...

Baidu, CNBM Signed Strategic Cooperation Agreement

According to reports in Chinese local media, Baidu and China National Building Material Group have signed a strategic cooperation agreement. Based on the agreement, the...

Tencent May Bid For French Mobile Game Publishing Company Voodoo

According to reports in foreign media, Tencent is considering bidding for a minority stake in French mobile game publisher Voodoo. Voodoo's representative works include Roller...

Microsoft To Separate Xiaoice Into Independent Company

Microsoft announced to separate its artificial intelligence Xiaoice business into an independent company with Shen Xiangyang as chairman, Li Di as CEO, and Chen...

Alibaba, Galanz Sign Cooperation Agreement

According to reports in Chinese local media, Alibaba and Galanz recently signed a cooperation agreement, under which the two parties will implement full digital...

Byton US Office To Cut Staff By End Of June

Chinese electric vehicle brand Byton recently sent an email to its employees in North American office, stating that the company would implement a layoff...

Cheetah Mobile Reported CNY31.76 Million AI Business Revenue In Q1 2020

Cheetah Mobile recently published its financial report for the first quarter of 2020, stating that the company's total revenue was CNY528 million and its...

ARM Removed China CEO

According to reports in foreign media, ARM China executive chairman and CEO Wu Xiongang was removed from his positions. Information from an insider revealed that...

Unisoc, Hisense Signed Strategic Cooperation Agreement

According to reports in Chinese local media, Unisoc announced to sign a strategic cooperation agreement with Qingdao Hisense. Under the agreement, the two parties will...

NetEase Established Studio In Japan For Next-generation Game Development

NetEase recently published an announcement on its official website, stating that the company established a next-generation console game research and development studio "Sakura Studio",...

360 Finance, KCB Bank Sign Strategic Agreement

According to reports in Chinese local media, 360 Finance's important relevant party 360 Group announced to invest in Tianjin KCB Bank. With this investment, Tianjin...
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