Business

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...

Xiaopeng Motors Opened Service Centers In Six Cities

Xiaopeng Motors announced that its service centers were opened in six cities, including Shanghai, Beijing, Guangzhou, Shenzhen, Nanjing, and Dongguan, at the same time. The...

Alibaba, CBN Reached Strategic Cooperation

According to reports in Chinese local media, Alibaba and China Broadcasting Network recently reached strategic cooperation. Based on their common belief in the future of...

Kenyan Operator Reached Mobile Payment Cooperation Agreement With AliExpress

According to reports in foreign media, Kenya's largest mobile operator Safaricom agreed to implement cooperation with Alibaba's AliExpress to provide electronic payment service in...

Evergrande Health Acquired Electric Car Drive System Developer For CNY500 Million

Evergrande Health Industry Group recently published an announcement, stating that its subsidiary has signed an equity transfer agreement with Tianjin Tanhas Technology, Hubei TeT...

Focus Media Net Profit Down 2.95% in 2018

Focus Media previously published its performance brief, stating that the company's operating revenue for 2018 was CNY14.551 billion, a year-on-year increase of 21.12%; while...

Xiaomi Established AIoT Strategic Committee

According to reports in Chinese local media, Xiaomi Group recently announced to establish an AIoT strategic committee. It is said that the AIoT strategic committee...

Alibaba's Beijing Headquarters To Start Construction In November 2019

According to reports in Chinese local media, Alibaba's Beijing headquarters park will start construction in November 2019 and it will be put into use...

Didi Chuxing Set Up Subsidiary With CNY10 Million

According to reports in Chinese local media, Didi Chuxing set up a subsidiary with registered capital of CNY10 million on February 21, 2019. The new...

BMW, Navinfo Sign Autopilot Map Licensing Agreement

Beijing Navinfo recently published an announcement, stating that the company signed a licensing agreement on autopilot map and related services with BMW China. According to...

India's OYO Hotels Gained USD100 Million Investment From Didi Chuxing

According to reports in Indian local media, India's hotel chain OYO Hotels & Homes recently gained an investment of USD100 million from Chinese ride-sharing...

Renrenche Announced New Strategy For 2019

Renrenche's founder and CEO Li Jian announced in an all-employee internal letter that the company formally launched its "new platform, new retail" strategy upgrade. Under...

South Korea's LIS Signed OLED Device Supply Contract With BOE

South Korean display device manufacturer LIS announced that the company has signed a KRW17.1 billion, which is about CNY100 million, OLED device supply contract...

Hisense's Net Profit Down 47.39% In First Three Quarters Of 2017

China's TV maker Hisense recently published its financial report for the third quarter of 2017 and showed profitability has gone down. From January to September...
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