Chinese telecom device maker ZTE announced that its subsidiary Nubia plans to increase its capital and stock by introducing Suning Rundong, a subsidiary of Suning, as an investor. At the same time, ZTE will give up its priority of subscription rights in the listed business. According to the report published by ZTE, Suning Rundong will invest CNY1.93 billion in Nubia. On the completion ...
Chinese online tourism service provider Ly.com announced a full acquisition of Shanghai Meichen International Travel Service Co. Ltd. This is reportedly the second Chinese travel agency acquired by Ly.com over the past two months. The first one was Nantong Huihuang International Travel Service Co. Ltd. Founded in 2005, Shanghai Meichen International Travel Service is a AAA-class ...
TCL Multimedia has reached a subscription agreement with Letv's subsidiary Letv Zhixin, under which Letv will invest HKD2.267 billion, which is about CNY1.875 billion, to subscribe to an approximate 20% stake in TCL Multimedia via Letv Zhixin's newly-established wholly-owned subsidiary in Hong Kong. With this deal, Letv will gain 348.85 million TCL Multimedia's new shares at the price ...
Le Sports, the sports business of Letv.com, announced a strategic investment to acquire a 20% stake in World Sport Group. With this investment, Le Sports will become one of the three major shareholders of WSG, alone with France's Lagardere Groupe and Japan's Dentsu. The total amount spent on the 20% was not made immediately available. Starting from 1990s, WSG became the exclusive agent ...
Apple's 25th Apple Store in China, which is located in Dalian Parkland, has started its formal operation. According to Apple, the company plans to increase the number of its retail stores in the Chinese market to 40 by mid 2016. Since the beginning of 2015, Apple has opened new sites in Zhengzhou, Hangzhou, Chongqing, Tianjin, Shenyang, and Hong Kong. In September, the company launched a large ...
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