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CHINA

August 8th, 2018 One of the leading Chinese financial service providers China Daisy Group has entered into a partnership Savills to establish a joint-venture property service enterprise. The basic purpose of this joint venture is to expand its business in property and asset management services, as stated by the group's top management. "Together with...
CHINA

August 7th, 2018 China’s largest conglomerate Alibaba Group is planning to bring together and merge its food delivery units. The units that are getting merged are food delivery platform Ele.me and food and lifestyle services firm Koubei. The purpose behind this move is to raise funds for the combined business and also to intensify the battle with...
CHINA

August 6th, 2018 The largest technology company Google is in advanced talks with Tencent Holdings Ltd, Inspur Group and other Chinese firms for the purpose of offering its cloud services in China as reported by people familiar with the development. The talks about this matter started in the early months of 2018 and the technology giant reduced...
CHINA

August 4th, 2018 China United Network Communications Group and Ali-Cloud have announced that both the companies are getting into an association and teaming up for the purpose of getting a better tap into cloud business opportunities. This joint venture has been registered in Beijing with a capital of 353 million yuan ($51.4 million). The basic idea...
CHINA

August 2nd, 2018 Baidu, the largest online search engine in China announced the reports of its total revenue and claimed that it hit 26.0 billion yuan ($3.93 billion), a rise of 32 percent year-on-year in the second quarter of this year. Around 77 percent of the total net revenues arrived from the mobile revenue which was 72 percent for the same...
CHINA

July 28th, 2018 The Chinese subsidiary of coworking space,  WeWork has raised a US$500 million Series B funding round led by Trustbridge Partners, Temasek, SoftBank Group, SoftBank Vision Fund and Hony Capital, according to the reports. WeWork's big raise comes days after Hong Kong’s Campfire pulled in $18 million and Awfis in India raised $20...
CHINA

July 25th, 2018 The social media major Facebook has established a subsidiary in China, where its sites have remained blocked in the country’s restrictive markets. A subsidiary is being set up for the purpose of creating an ‘innovative hub’ to support and encourage local start-ups and developers. The subsidiary called Lianshu Science &...
CHINA

July 24th, 2018 FAW-Volkswagen Automotive CO., a large-sized joint venture car manufacturer in China has announced the launch of its official e-commerce platform. The platform was unveiled in Beijing on Friday, with the aim of meeting the digital demands of its customers. This online platform will enable the customers to go through, select, buy and...
CHINA

July 20th, 2018 Xiaomi, one of the leading Chinese smartphone makers has launched its much-awaited device known as Mi Max 3 in China. The launch of the smartphone took place on Thursday at 7:30 PM CST (5 PM IST) and is now available in the country for sale. The Chinese giant has been launching a number of smartphones for a few years now. The previous...
CHINA

July 13th, 2018 The technology giant Apple Inc. is all set to launch a clean energy fund worth $300 million in China. The main idea behind this move is to connect the suppliers with the renewable energy sources. Apple announced this on Friday, working with its suppliers for investing in renewable energy projects that could power around 1 million...
CHINA

July 12th, 2018 Amercian data conversion and signal processing company Analog Devices (ADI) has entered into a collaboration memorandum of understanding (MOU) with China’s biggest technology company Baidu, for the purpose of improving and developing the Chinese company’s autonomous driving technologies. The partnership was taken forward on...
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