Chinese e-commerce giant Alibaba Group realized USD11 billion mobile advertising revenue in 2016, accounting for 40.3% market share in the Chinese mobile advertising market. According to the latest statistics provided by the market research firm eMarketer, Baidu achieved mobile advertising revenue of USD5.5 billion in 2016, accounting for nearly 20% market share in China. Tencent's mobile advertising revenue was USD3.2 billion, accounting ...
Chinese search engine company Baidu announced that starting from February 26, 2017, Baidu Group's president and chief operating officer Lu Qi has been appointed director and vice chairman of the board of directors of Baidu. Baidu announced on January 17, 2017 its intention to appoint Lu as Baidu Group's president and COO, leading products, technology, sales, marketing and operations, effective immediately. Baidu's existing business groups ...
The United States Department of Commerce has reportedly agreed to extend ZTE's temporary export license to March 29, 2017, allowing American companies to continue to provide software, technologies, and restrictive components published in March 2016 to ZTE. Prior to this, the Chinese telecom device manufacturer received an export restriction from the American government and its export license was due for expiration on February 27, 2017. ...
Chinese Internet tourism service provider Tuniu.com held its tenth anniversary strategy conference and announced that they will become a multi-faceted online services group company. Tuniu said that they will separate their businesses into two major sections: a tourism and resort subsidiary and a financial and technology subsidiary. Yan Haifeng, president of Tuniu, said that the company's move to become a group aims to serve ...
Didi Chuxing's new joint venture with Volkswagen China is set to come online in the coming months. According to Didi, the two parties will coordinate their respective strengths in products, marketing, brand building, and data technology to provide Chinese users with safer and more efficient transportation services. As long-term strategic partners, they will also combine their innovative resources to work towards an "Internet Plus" strategy ...
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