Business

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...

DMG To Buy China Rights Of Forbes Brand

DMG will reportedly reach an agreement to buy the rights of Forbes brand in China, aiming to develop its retail and entertainment businesses in...

China's Ofo Enters Israel

Chinese bike sharing company Ofo announced plans to enter Israel and the company will first launch its short trip service at Bar-Ilan University in...

Tencent Creates Advertising Division In Silicon Valley

Chinese Internet company Tencent is establishing a new advertising division in its Palo Alto office to provide services to American advertisers who want to...

Motorola Solutions Appoints New China President

Lenovo's Motorola announced that the company has appointed Fu Lili, former acting president of Motorola Solutions China division, as new president of Motorola Solutions. Fu...

China's JD To Set Up Two JVs With Central Group In Thailand

JD Group, JD Finance, Thailand's leading retailer Central Group, and Provident Capital together announced that they would set up two joint ventures in Thailand...

Chinese Fintech Company Eyes IPO In U.S.

Chinese fintech company Qudian.com has submitted its prospectus for an initial public offering to the U.S. Securities and Exchange Commission and it aims to...

Former Sina Weibo CFO Joins Baidu

Chinese search engine company Baidu announced that Yu Zhengjun, former chief financial officer of Sina Weibo, has joined Baidu as chief financial officer of...

Asus Targets Silicon Valley Start-ups With New Venture Capital

Taiwanese electronics giant Asus has cooperated with Fenox Venture Capital in founding a USD50 million venture capital fund to promote emerging Silicon Valley start-ups...
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