Business

NetEase Published Financial Report For Q2 2019

Chinese Internet company NetEase recently published its unaudited financial report for the second quarter of 2019, stating that its net income was CNY18.769 billion,...

iDreamSky, Mail.ru Reached Cooperation

Chinese game publisher iDreamSky and Russian technology giant Mail.ru recently reached cooperation to jointly publish and invest in games in the Asian and European...

Huawei Achieved Operating Revenue Of CNY401.3 Billion In H1 2019

Chinese telecom device maker Huawei recently published its business results for the first half of 2019. Liang Hua, chairman of Huawei, said that during the...

Renault Enters China's New Energy Market

Renault Group and Jiangling Group announced the formal establishment of a joint venture to further promote the two parties' strategic layout in the Chinese...

Zhipin.com Revealed Plans For IPO

Zhao Peng, founder of Chinese recruitment website Zhipin.com, recently revealed at the company's media conference that Zhipin.com's annual operating revenue has reached CNY1 billion...

Suning, Rakuten Reached Strategic Cooperation

According to reports in Chinese local media, Suning.com recently signed a strategic cooperation plan with Japan's largest e-commerce platform Rakuten. Under the agreement, the two...

Former Baidu VP Joined VIPKID

VIPKID officially confirmed that Zheng Zibin, former Baidu vice president and CTO of Baidu mobile ecology business group, has joined VIPKID as CTO, leading...

CATL To Increase Investment In German Plant

Chinese car battery manufacturer Contemporary Amperex Technology Co., Limited. recently announced to increase its planned investment in its new factory in Germany. According to CATL's...

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...
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