Business

Motorola Solutions Appoints New China President

Lenovo's Motorola announced that the company has appointed Fu Lili, former acting president of Motorola Solutions China division, as new president of Motorola Solutions.Fu...

China's JD To Set Up Two JVs With Central Group In Thailand

JD Group, JD Finance, Thailand's leading retailer Central Group, and Provident Capital together announced that they would set up two joint ventures in Thailand...

Chinese Fintech Company Eyes IPO In U.S.

Chinese fintech company Qudian.com has submitted its prospectus for an initial public offering to the U.S. Securities and Exchange Commission and it aims to...

Former Sina Weibo CFO Joins Baidu

Chinese search engine company Baidu announced that Yu Zhengjun, former chief financial officer of Sina Weibo, has joined Baidu as chief financial officer of...

Asus Targets Silicon Valley Start-ups With New Venture Capital

Taiwanese electronics giant Asus has cooperated with Fenox Venture Capital in founding a USD50 million venture capital fund to promote emerging Silicon Valley start-ups...

Finnish Department Store Introduces Alipay To Retail Customers

Finland's department store Stockmann signed an agreement with ePassi, a mobile payment company in Finland, to formally introduce Alipay as a payment method in...

Truly International Sues Letv Zhixin To Get Back CNY240 Million Investment

Truly International Holdings Limited is using the courts to go after a subsidiary of embattled Chinese tech firm LeEco.Truly states that due to LeEco's...

JD To Invest USD500 Million For JV With Central Group

Chinese B2C e-commerce group JD is reportedly negotiating with Thailand's leading retailer Central Group as it aims to establish an e-commerce joint venture with...

China's LeEco Reported Losses Of Over CNY600 Million In Q1 2017

Chinese Internet company LeEco recently published its financial report for the first half of 2017 and revealed over CNY600 million losses during the reporting...

Chinese Online Education Site Gains USD200 Million Additional Investment

VIPKID, an online education company that matches Chinese students with North American teachers, announced in Beijing that the company has completed its series D...

MediaTek Takes Hit As Chinese Smartphones Migrate To Qualcomm

The financial report from Taiwan-based semiconductor firm MediaTek for the second quarter of 2017 shows the company's net profit declined over 60%.MediaTek's operating revenue...

Alibaba Gambles On Smart City Development In Macau

Alibaba and the government of Macau Special Administrative Region signed a strategic cooperation framework agreement for the construction of smart city services in the...

China's Ofo Reaches Cooperation With Dutch Payment Company

Chinese shared bike company Ofo announced a deal with Adyen BV, a payment technology company in the Neteherlands.With the cooperation, Ofo's users will be...

China's Shared Bikes Enter Italy

Chinese bike sharing platform Mobike announced its entry into the Italian market with Florence and Milan as its first stops.With this move, Italy becomes...

Didi, SoftBank Invest In Southeast Asia Ride-hailing Platform

Southeast Asia's leading ride-hailing platform Grab announced the completion of its latest round financing of USD2.5 billion, including USD2 billion joint investments from Didi...

American E-commerce Platform Teams With ESG Group For Attracting Vendors In China

American e-commerce operator OpenSky and ESG Group have reached a strategic cooperation.Under the agreement signed by the two parties, ESG Group will officially become...

Hong Kong Investment Company Acquires Japanese Electric Car Maker

O Luxe Holdings, an investment company in Hong Kong, agreed to acquire the Japanese electric car start-up GLM for JPY12.8 billion, which is about...

Hong Kong Loses Tech Business Champion

Mark O. Clift, the chief operating officer of Hong Kong's technology hub, passed away this week.The news was confirmed in a message from Pagan...

Alibaba Invests In Hong Kong Financial Platform

Hong Kong-based online personal financial platform CompareAsiaGroup announced the completion of its latest round of financing of USD50 million.CompareAsiaGroup revealed in a statement that...

Nokia Helps Chinese Internet Companies Expand Overseas Business

Nokia's chairman Risto Siilasmaa recently visited Chinese government officials and revealed that the company plans to set up a special department to help Chinese...

Daimler To Set Up Electric Car Battery Plant In China

German car maker Daimler announced that they would cooperate with their Chinese partner Beijing Automotive Group to establish an electric car battery plant in...
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