Business

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...

Intel Joined Ant Blockchain Ecosystem

Intel and Ant Blockchain recently announced strategic cooperation and completed remote agreement signing. After joining Ant Blockchain, the hardware leasing supply chain system based on...

Weibo Net Profit Down 188.68% In Q1 2020

Weibo recently published its unaudited financial report for the first quarter of 2020, stating that its net operating revenue was USD323.4 million, a year-on-year...

Bosch China Realized Operating Revenue Of CNY109.3 Billion In 2019

Bosch China recently announced its group operating revenue performance for 2019 during an online press conference. During the 2019 financial year, Bosch Group achieved sales...

Xiaomi To Acquire 27.44% Stake In Zimi For USD103 Million

Xiaomi Group recently published an announcement, stating that the group would acquire 27.44% shares of Zimi for USD103 million. Xiaomi Group will pay USD25.78 million...

Tongcheng-Elong Operating Revenue Down 43.6% In Q1 2020

Chinese online tourism service provider Tongcheng-Elong recently published its financial report for the first quarter ended March 31, 2020, stating that the company's operating...

360 Finance Published Annual Report For 2019

360 Finance recently published its annual financial report for 2019, stating that the company's net revenue reached CNY9.22 billion in 2019, a year-on-year increase...

Jumei.com Completed Privatization

Jumei.com recently announced its completion of privatization and the company was formally delisted from New York Stock Exchange. Jumei said in a report that the...

BYD Teams With Hino Motors For BEVs Development

China's BYD and Japan's Hino Motors recently signed a strategic business alliance agreement, which will focus on BEVs development cooperation. The two parties will accelerate...

SoftBank, BYD Team To Make Facial Masks

Masayoshi Son, CEO of SoftBank Group, said that they had reached an agreement with Chinese automobile manufacturer BYD to supply 300 million facial masks...

AISpeech Completed Series E Financing Of CNY410 Million

Artificial intelligence company AISpeech recently announced its completion of series E round financing of CNY410 million. Gao Shixing, chairman and CEO of AISpeech, said that...

Toyota, BYD Established JV For BEV Development

According to reports in Chinese local media, Toyota and BYD has formally established a joint venture to develop battery electric vehicles. The two parties previously...

Tencent-led Consortium Acquired 10% Stake In UMG

According to report in Chinese local media, a consortium led by Tencent has completed acquisition of a 10% stake in Universal Music Group. Members of...

Geely Reported Net Profit Of CNY8.19 Billion In 2019

Geely Automobile Holdings Limited recently published its annual performance report for 2019, stating that the company made net profit of CNY8.19 billion in 2019,...

Meitu Reported Net Losses Of CNY190.8 Million In 2019

Meitu recently published its annual results for 2019, stating that the company realized total operating revenue of CNY977.9 million, a year-on-year increase of 3.2%. According...
CNY - Chinese Yuan Renminbi
USD
6.96
EUR
8.22
GBP
9.11
CHF
7.61
NOK
0.77
JPY
0.07
CAD
5.21
AUD
5.01
19,377FollowersFollow