Chinese e-commerce provider JD.com jointly announced with Internet search engine Baidu.com and diversified online service company Tencent an investment in Bitauto, a Chinese automotive industry Internet company. Each of the three companies aim to raise USD50 million to take their respective stakes in Bitauto. Baidu, Tencent and JD.com each agrees to purchase 2,471,577 newly issued ordinary shares of Bitauto at USD20.23 per share, corresponding ...
Chinese smartphone company Xiaomi and Microsoft will reportedly further expand their global cooperation partnership to provide innovative user experience on mobile devices. As a part of their agreement, Xiaomi will pre-install Microsoft's applications, including Office and Skype, on its Android smartphones and tablets, allowing its users to enjoy new work collaboration and communication methods. Meanwhile, the new cooperation of the two ...
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 ...
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