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 ...
China stocks up, blue-chips eye 4th day of gains on metals strength; HK down "China's stocks were higher on Thursday, with the blue-chip CSI300 index on track to rise for the fourth day as raw material shares powered ahead on the back of soaring metal prices.""The Shanghai Composite Index gained 0.1 percent, to 3,244.21 points, while Shenzhen's start-up board ChiNext fell 0.3 percent.""Shares in China's major base metal producers, ...
Google and Facebook are blocked in China, but that hasn't stopped the American companies from partnering with Chinese companies to build a data connectivity across the Pacific Ocean. Google and Facebook will cooperate with Pacific Light Data Communication to jointly build a submarine cable with the speed of 120 Tbps per second to connect Los Angeles and Hong Kong. Pacific Light Data Communication is a fully-owned subsidiary of ...
The maker of an all-terrain robot that mimics the movements of a spider has closed a US$6 million series A financing round in Beijing. GGV Capital led the series A financing round in Vincross, a Beijing-based robotics start-up, ahead of the company's launch of its first product, an all-terrain six-legged robot spider called HEXA. Existing investor Zhen Fund also participated in the round, which the company says it will use for ...
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