Business

Jing Xiandong Replaced Peng Lei To Be Legal Representative Of Alipay

According to reports in Chinese local media, Alipay's legal representative has been changed from Peng Lei to Jing Xiandong. Meanwhile, Peng will no longer be...

Xiaopeng Motors Donated CNY3 Million Worth Of Goods To Medical Institutions

According to reports in Chinese local media, Xiaopeng Motors recently announced to donate CNY3 million worth of medical supplies, cars and services to medical...

Tesla To Build R&D Center In China

Tesla announced via its official WeChat that the company will build a research and development center in China to recruit outstanding talents and create...

Foxconn Reported Operating Revenue Of USD57.6 Billion In Q4 2019

According to reports in Taiwanese local media, Foxconn announced in its financial report for the fourth quarter of 2019 that its operating revenue was...

Amap, HERE Technologies Reached Cooperation For Overseas Map Service

Amap and HERE Technologies jointly announced that they will implement cooperation basing on overseas map and dynamic information service. With the cooperation, HERE will provide...

Byton, Marubeni Reached Cooperation

Chinese automobile maker Byton formally reached strategic cooperation with Japan's Marubeni and Marubeni will participate in Byton's series C funding. Apart from the investment, the...

Bilibili, QQ Music Reached Strategic Cooperation

Bilibili.com and QQ Music jointly announced an in-depth strategic partnership and the two parties will implement cooperation in musician support, quality music promotion, and...

Tesla Gained CNY9 Billion Loan From Chinese Banks

American electric car maker Tesla recently filed with the U.S. Securities and Exchange Commission, stating that the company reached agreements with Chinese lenders who...

Rumor: Ant Financial To Acquire Shares Of Vietnam E-wallet Provider

According to reports in foreign media, Alibaba's fintech company Ant Financial has acquired substantial shares of Vietnam e-wallet provider eMonkey. This strategic investment is reportedly...

Legend Holdings Chairman Retires

Legend Holdings formally announced that according to plan, Legend Holdings' chairman, executive director and founder of Lenovo Group Liu Chuanzhi will no longer be...

Xiaopeng Motors, NIO Reached Cooperation For Charging Station Sharing

According to reports in Chinese local media, Xiaopeng Motors and NIO's NIO Power recently signed an agreement and the two parties will implement cooperation...

Kingsoft, Xiaomi Signed Framework Agreement

Kingsoft previously published an announcement, stating that the company signed a framework agreement with Xiaomi Group. According to the agreement, Kingsoft will provide comprehensive services...

African Electronic Financial Service Provider Gained Investment From Chinese Investors

One-stop electronic financial service provider OPay announced that the company recently completed its series B round financing of USD120 million. According to OPay, its investors...

Xiaomi Announced To Enter Japanese Market In December 2019

Xiaomi Japan announced on its official Twitter account that the company would release smartphone and home appliances products in the Japanese market on December...

JD Net Profit Up 160.6% In Q3 2019

Chinese B2C e-commerce platform JD recently published its unaudited financial report for the third quarter of 2019, stating that based on non-GAAP, the company's...

China Telecom, JD Logistics Reached Strategic Cooperation For 5G Technology Realization

China Telecom and JD Logistics recently signed a 5G strategic cooperation agreement, under which the two parties will implement research innovation and cooperation focusing...

Alibaba To Launch Hong Kong IPO On November 26

Alibaba Group announced that they plan to be listed on the main board of Hong Kong Stock Exchange with stock code "9988" on November...

Hong Kong's Tech Companies Gain Financial Reprieve

With rumors of technology companies feeling the financial sting of the ongoing protests in Hong Kong, one key government landlord is giving a helping...

36Kr Holdings Eyes IPO In U.S.

China's 36Kr Holdings Inc., 36Kr's media business, previously submitted its prospectus to the U.S. Securities and Exchange Commission, aiming to raise up to USD100...

Rumor: Tencent Acquired 10% Stake In PolicyBazaar For USD150 Million

According to reports in foreign media, after several months' negotiation and communication, China's technology giant Tencent finally decided to invest about USD130 million to...

Aptiv VP Joined Didi Autopilot Company As CTO

Didi recently announced that Wei Junqing, former global engineering vice president of Aptiv, has joined Didi's autopilot company as chief technology officer, report to...
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