Business

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...

Alibaba's "Five-New" Committee Arrives During Top Tech Event In China

Hangzhou-based Alibaba is focusing on Internet of Things and e-commerce in the setup of an umbrella group within the Chinese tech behemoth being called...

Tencent's Internet Literature Business Eyes IPO In Hong Kong

Tencent's Internet literature business China Reading Limited has submitted pre-listing documents to Hong Kong Exchanges and Clearing Limited.The documents show that for the past...

Alibaba To Invest Additional USD1 Billion Into Lazada

Alibaba Group plans to invest an additional USD1 billion into the Southeast Asia e-commerce platform Lazada to increase its share ratio from 51% to...

JD Teams With Japanese Company For Vegetable Farming

China's JD Group and Japan's Mitsubishi Chemical Holdings Group will begin working together on large-scale vegetable growing services.With the cooperation, JD will tap the...

Alibaba Signs Smart City Strategic Agreement For Xiongan New Area

Xiongan New Area has been in the news since insider investors swooped in earlier this year to purchase large swaths of property prior to...

Cainiao Network, China Life Create Massive Logistics Warehousing Fund

Cainiao Network Technology, logistics subsidiary of Alibaba Group, announced plans to cooperate with China Life to set up a logistics warehousing fund with a...

The9 Signs Share Exchange Deal With Korean KOL Business

Chinese online game developer and operator The9 announced plans to sign a share financing agreement with South Korean listed company IE Limited.According to the...

Samsung Plans To Sell LED Business In China

Samsung is considering selling its Chinese LED business Tianjin Samsung LED Company Limited to a private equity company in Hong Kong.According to reports in...

China's QingCloud Completes CNY1.08 Billion Series D Financing

China's enterprise cloud services provider QingCloud has completed its series D round financing of CNY1.08 billion.Its investors included China Merchants Securities International, China Merchants...

Alibaba Takes Stake In Chinese Supermarket Chain

Alibaba owns the online e-commerce world in China, replete with payment solutions, online merchandise, and logistics. And now the company is aiming at the...

Qualcomm, Leadcore To Build JV For China Chips Sales

A new joint venture is being formed in China to compete with MediaTek and Spreadtrum.Datang Telecom's wholly-owned subsidiary Leadcore Technology plans to invest CNY720...

LeEco Finds Difficult Times With US Business Expansion

Chinese Internet and technology company LeEco announced plans to cut about 325 employees and significantly reduce its research and development business in the U.S.According...

China's GSR Ventures To Acquire Nissan's Car Battery Business For USD1 Billion

With support of Hubei provincial government, GSR Ventures is reportedly close to acquiring Nissan's car battery business for about USD1 billion.GSR Ventures is reportedly...

Alipay Reaches U.S. Payments Deal

Ant Financial's Alipay service has inked a deal with U.S. payment processing services provider First Data Corp to allow Alipay users to purchase from...

ARM To Set Up JV In China

British-based ARM and China's HOPU-ARM Innovation Fund signed a memorandum of cooperation in Beijing aiming to set up a joint venture in Shenzhen and...

China's JD.com Makes Reported Push Into Indonesia

Southeast Asia's biggest market is beckoning e-commerce firm JD.com in what may be a huge investment.China's JD is reportedly currently negotiating with PT Tokopedia,...

China Now Has More Than 100 Tech Unicorns

The mythical unicorn is no fantasy in China, which now boasts over 100 unicorns according to latest data from China Money Network.The influential investment...

Pudong Science And Technology Investment Acquires Shares From NXP Semiconductors

Shanghai Pudong Science and Technology Investment Co., Ltd. announced the acquisition of all Advanced Semiconductor Manufacturing Co., Ltd. shares held by NXP Semiconductors.On the...

Netflix Finally Finds Partner In China

American video website Netflix has reached a content licensing agreement with the Chinese video website Iqiyi.com.Netflix is an American video streaming media provider with...
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