Business

Xiaomi To Acquire 27.44% Stake In Zimi For USD103 Million

Xiaomi Group recently published an announcement, stating that the group would acquire 27.44% shares of Zimi for USD103 million. Xiaomi Group will pay USD25.78 million...

Tongcheng-Elong Operating Revenue Down 43.6% In Q1 2020

Chinese online tourism service provider Tongcheng-Elong recently published its financial report for the first quarter ended March 31, 2020, stating that the company's operating...

360 Finance Published Annual Report For 2019

360 Finance recently published its annual financial report for 2019, stating that the company's net revenue reached CNY9.22 billion in 2019, a year-on-year increase...

Jumei.com Completed Privatization

Jumei.com recently announced its completion of privatization and the company was formally delisted from New York Stock Exchange. Jumei said in a report that the...

BYD Teams With Hino Motors For BEVs Development

China's BYD and Japan's Hino Motors recently signed a strategic business alliance agreement, which will focus on BEVs development cooperation. The two parties will accelerate...

SoftBank, BYD Team To Make Facial Masks

Masayoshi Son, CEO of SoftBank Group, said that they had reached an agreement with Chinese automobile manufacturer BYD to supply 300 million facial masks...

AISpeech Completed Series E Financing Of CNY410 Million

Artificial intelligence company AISpeech recently announced its completion of series E round financing of CNY410 million. Gao Shixing, chairman and CEO of AISpeech, said that...

Toyota, BYD Established JV For BEV Development

According to reports in Chinese local media, Toyota and BYD has formally established a joint venture to develop battery electric vehicles. The two parties previously...

Tencent-led Consortium Acquired 10% Stake In UMG

According to report in Chinese local media, a consortium led by Tencent has completed acquisition of a 10% stake in Universal Music Group. Members of...

Geely Reported Net Profit Of CNY8.19 Billion In 2019

Geely Automobile Holdings Limited recently published its annual performance report for 2019, stating that the company made net profit of CNY8.19 billion in 2019,...

Meitu Reported Net Losses Of CNY190.8 Million In 2019

Meitu recently published its annual results for 2019, stating that the company realized total operating revenue of CNY977.9 million, a year-on-year increase of 3.2%. According...

Maoyan Entertainment Signed Framework Supplemental Agreement With Tencent

Maoyan Entertainment recently published an announcement, stating that its board of directors decided to sign a supplemental agreement with Tencent, aiming to amend the...

UK's TransferWise To Cooperate With Alipay For Chinese Market Development

According to reports in foreign media, UK's online money transfer service provider TransferWise recently announced that the company would cooperate with Chinese mobile payment...

Ant Financial Acquired Small Shares Of Klarna

According to reports in foreign media, Europe's highest market value fintech company Klarna recently announced that China's Ant Financial had obtained small shares of...

iFlytek Published Performance Report For 2019

iFlytek recently published its performance report for 2019, stating that the company's total operating revenue reached over CNY10 billion in 2019, which was four...

Citrix Appointed Kathy Chen As Global VP

Citrix recently announced to appoint Kathy Chen as its new global vice president, leading partnership business in Asia Pacific and Japan. Chen will report to...

Xiaomi Appointed Wang Chuan As CSO

Xiaomi recently announced an important personnel change to appoint co-founder Wang Chuan as chief strategy officer of the company. At the same time, Xiaomi's general...

Autohome Net Profit Up 9.1% In Q4 2019

Chinese automobile information website Autohome recently published its financial report for the fourth quarter and the entire year of 2019. According to the report, the...

VFine, Kingsoft Office Reached Music Copyright Cooperation

According to reports in Chinese local media, music copyright publishing platform VFine Music recently reached in-depth strategic cooperation with Kingsoft Office. With the cooperation, VFine...

Xiaomi Published Voluntary Announcement

China's Xiaomi Corporation recently published a voluntary announcement, which revealed the company's expected revenue and R&D expense in 2019. According to the report, by December...

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...
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