Business

Terry Gou Steps Down From Hon Hai Chairman Role

Terry Gou formally stepped down from Hon Hai chairman role and Hon Hai announced after its shareholders' meeting that Liu Yangwei, chairman of Foxsemicon...

Tencent-invested Ride-sharing Platform To Be Launched In June 2019

According to reports in Chinese local media, Tencent-invested online ride-sharing platform OnTime will be launched later this month, making it the latest player in...

FF, The9 Team To Build New Energy Car Project In Hohhot

The9 and Sha Er Qin Industry Park of Hohhot Economic and Technological Development Zone recently signed a cooperation memorandum and the two parties will...

Secoo Hires Former LVMH Group Executive

Chinese luxury e-commerce platform Secoo.com recently announced to appoint Regina Szeto, former media director of LVMH China and Asia Pacific, as its new brand...

Geely Automobile, LG Chem To Set Up JV

Geely Automobile Holdings Limited published an announcement, stating that the company will set up a joint venture with LG Chem for the production and...

Mafengwo Completed New Financing Of USD250 Million

Chinese travel planning site Mafengwo.cn recently announced the completion of its latest round financing of USD250 million. The investments were reportedly led by Tencent and...

The9 Announced Layout In Electric Vehicle Charging Pile Sector

The9 announced that its subsidiary has signed a joint venture agreement with electric vehicle charging device and operating platform provider Shenzhen EN-plus Technologies. According to...

NIO To Build New Entity In Yizhuang

Chinese automobile maker NIO announced that the company has signed a framework agreement with Beijing E-Town International Investment & Development Co., Ltd. According to the...

Google Ends Cooperation With Huawei

According to reports in foreign media, Google has suspended its cooperation with Huawei and the related business is not covered by open source license. As...

Megvii Completed Series D Round Financing Of USD750 Million

Beijing-based Megvii Technology Limited recently announced the completion of the second stage of its series D round financing and its total raised capital reached...

Tencent Game, Unity Set Up Joint Innovation Lab

Tencent Game and Unity jointly announced plans to set up a joint innovation lab. In this project, the two parties will reportedly implement cooperation in...

Xiaomi's JV Gained Virtual Bank License In Hong Kong

Xiaomi Group and AMTD Group jointly announced that their joint venture Insight Fintech HK Limited recently gained a virtual bank license issued by Hong...

Oracle China To Cut 900 Employees

According to reports in Chinese local media, Oracle has confirmed that its China Development Center will cut about 900 employees. The reports said that it...

Autohome, BAIC Motor Announced Cooperation Upgrade

Autohome.com.cn and BAIC Motor Corporation jointly announced that the two parties will fully upgrade their strategies and they will implement in-depth cooperation in major...

Chinese Unmanned Driving Company Gained Investment From NXP

According to reports in foreign media, Dutch chip manufacturer NXP recently announced that the company has made an investment in Chinese unmanned driving technology...

China's Singulato Signed Cooperation Agreement With Toyota

According to reports in foreign media, Toyota has agreed to sell electric car technologies to China's Singulato, which is the first time for Toyota...

NavInfo Published Financial Report For 2018

NavInfo recently published its annual report for 2018, stating that the company's operating revenue was CNY2.134 billion, a year-on-year decrease of 1.06%; and its...

Qihoo 360 Reached Cooperation With Wargaming

Qihoo 360's gaming business and Wargaming, developer of the military game World of Tanks, jointly announced that the two parties will establish a long-term...

Google To Build New R&D Center In Taiwan

According to reports in Taiwanese local media, Google will build a new research and development center in Taiwan to expand its business in this...

Sony To Close Beijing Plant

According to reports in foreign media, Sony's spokesperson recently revealed that to reduce costs of unprofitable businesses, the company will soon close its smartphone...

Tencent Cloud Service Achieved CNY9.1 Billion Operation Revenue In 2018

Tencent Holdings Ltd recently published its annual financial report for 2018, stating that the company realized operating revenue of CNY84.896 billion in the fourth...
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