German car maker Daimler announced that they would cooperate with their Chinese partner Beijing Automotive Group to establish an electric car battery plant in China. With an investment scale of EUR655 million, which is about USD740 million, this plant will not only make electric car batteries, but also will produce Mercedes-Benz battery-powered cars. Hubertus Troska, board member of Daimler, said in a statement that by 2025, ...
The Chinese adage that the tall blade of grass gets cut first is definitely true this week, as China's top social media and microblogging platform has been ordered to stop its online video operations. China's State Administration of Press, Publication, Radio, Film and Television issued a statement that all websites and online companies who lack sufficient licenses to provide streaming video services should halt those services immediately. ...
The Chinese government's tightening noose on illegal Internet content has found its latest victim: LeEco. LeEco's cloud disk service announced service closure to individual users, and the company has informed users to back up their files before the deadline on June 30, 2017. Thereafter, all files will be deleted from LeEco's servers. LeEco stated that some people used its cloud disk service to store illegal files such as pirated movies or ...
Cooperation between luxury British sports car manufacturer Aston Martin and Chinese Internet company LeEco has been ceased due to non-technology-related reasons. Commenting on the news, LeEco's public relations department said that they were confirming the latest progress of the cooperation with executives from LeEco's automobile business. LeEco and Aston Martin signed an agreement on February 17, 2016 and the two parties ...
What does Baidu's sale of its mobile business portend for its ability to integrate businesses? At the end of March 2017, the Chinese search engine company told the U.S. Securities and Exchange Commission that it sold its mobile gaming business. Two companies took over Baidu's gaming business for CNY1.2 billion. Baidu has also renamed its gaming business to "Duokoo Game" and separated it for independent operation. In July ...
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