One of China's oldest Web portals has a new home in the Chinese capital city. Sina's new headquarters building has completed construction. Located in Zhongguancun Software Park, the new Sina building covers an area of 2.9 hectares, with a total construction area of about 132,200 square meters and an investment of about CNY1.5 billion. The building, which has six floors above ground and three floors underground, provides working areas, employee ...
During the late Steve Jobs' entire tenure as chief of Apple, he never visited China. But now the company is hoping it's not too late to the invest resources into country Jobs ignored. Chinese ride-hailing app Didi announced an important part of its latest round financing and said that Apple will invest USD1 billion in the company. This is reportedly the largest single investment received by Didi. With this investment, Apple will become a strategic ...
Chinese mobile phone retail channel provider D.Phone and Letv have reached a strategic deal with total value of CNY2 billion. The two parties plan to enhance their alliance in various sectors, covering Letv's second-generation super phones, mobile TV services, membership promotions, Letv's ecosystem experience stores, and customer service. During 2016, D.Phone will sell one million Letv super phones, 200,000 Letv super TVs, and 200,000 ...
Chinese online travel website Ctrip.com and low-cost airline China Eastern Airlines signed a strategic cooperation framework agreement under which Ctrip promised to invest CNY3 billion to subscribe to non-public offering A shares of China Eastern Airlines. At present, China Eastern Airlines' valuation is about CNY87 billion. Based on this calculation, Ctrip will hold a 3.45% stake in China Eastern Airlines. According to the strategic ...
According to information published by an online regulatory approval platform for investment project under China's National Development and Reform Commission, the privatization project of Qihoo 360 has been approved by National Development and Reform Commission and it is now up for public comment. This project was approved on April 19, 2016 and its legal entity is Tianjin Qixin Tongda Technology Company Limited. Tianjin Qixin Tongda ...
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