December 12th, 2018
China’s largest streaming company, Tencent Music has raised $1.1 billion in a U.S. IPO after it priced its shares at $13 a piece ahead of a listing on the Nasdaq.
This development makes it one of the largest tech listings of the year, but the pricing is at the bottom end of its $13-$15 range indicating that the much-anticipated...
December 11th, 2018
China’s second highest-profile investor behind Alibaba known as JD.com has partnered with another U.S. tech giant that is Intel. Both the companies stated that they will set up a “lab” focused on bringing Internet-of-Things technology into the retail process.
This would probably include new-generationvending machines,...
December 11th, 2018
Beijing-based fleet management company G7 has raised funds amounting to $320 million in a financing round. This round was led by HOPU Investments, one of the mosthigh-profile private equity firms in China.
With this funding,the total capital raised by the company has reached to around $500 million.Other participants included new...
December 7th, 2018Reality television star and lifestyle mogul Kim Kardashian has her sights set on the Chinese market with plans to open a pop-up store, state media reported Friday.
Kardashian, whose rapper husband Kanye West briefly lived in China as a child, recently launched her makeup brand KKW Beauty and told China's official news agency about her...
December 1st, 2018Beijing-based AI startup Infervision is among a handful of AI companies around the world racing to improve medical imaging analysis through deep learning, the same technology that powers face recognition and autonomous driving.
The startup, which has to date raised $70 million from leading investors like Sequoia Capital China,...
November 30th, 2018A Chinese smartphone brand called Gionee that came into existence a few years back is now stooping down. The company seems to be in trouble and is reportedly on the verge of going bankrupt.
However, the reason for the company going bankrupt has not been disclosed yet. On the other hand, a report by Chinese website Jiemian claimed that...
November 28th, 2018One of the fastest growing Chinese smartphone brands in India known as Comio is reportedly quitting the Indian market. The basic reason behind the exit is that the company isn’t making money and its Chinese promoters aren’t infusing capital.
"Chinese team members left India in the first week of November, 2018, abruptly and asked us...
November 26th, 2018A young Chinese commercial space firm called Chengdu GuoXing Aerospace Technology has sent two satellites into space within 100 days after its establishment, and now the company is preparing for a new launch in December.
The firm was set up in the capital of southwest China's Sichuan Province in May. It has developed two experimental...
November 23rd, 2018Shanghai is set to increase its population of high-tech enterprises to 15,000 by 2020, according to a guideline released by the municipal government.
The guideline also states that these enterprises would achieve a combined annual revenue of more than 3 trillion yuan ($432.94billion) and profits of 280 billion yuan by 2020.
The...
November 22nd, 2018China’s JD.com has rolled out its first large-scale unmanned aerial vehicle (UAV) at Pucheng airport, Shaanxi province. It has been stated that the UAV will be used for the company's cargo deliveries.
This particular UAV has been named as the JDY-800 which has a wing-span of 10 meters. It can cruise at altitudes of 3,000 meters at...
November 21st, 2018China Telecommunications Corp is making a major advance in its globalization strategy, with an association involving the company becoming the third major mobile operator in the Philippines.
The National Telecommunications Commission in the Philippines announced that the Mislatel consortium, which is composed of China Telecom and two...
November 19th, 2018Samsung Electronics has launched a super-high-end smartphone in China in partnership with the country's major telecom carrier, China Telecommunications Corp for the purpose of targeting business professionals.
Contrary to most people's expectations that flip phones are a thing of the past, Samsung's new model, the W2019, is a flip...
