Chinese meal ordering platform Ele.me announced that the company has gained new investments of a whopping USD350 million and its investors including Tencent, JD.com, Dianping.com, Sequoia Capital, and CITIC Private Equity Funds. According to Ele.me, after the financing the company will still maintain its independent operation and will implement strategic cooperation with its investors. ...
Chinese telecom device maker ZTE recently revealed that the company achieved operating revenue of CNY81.242 billion in 2014 — a year-on-year increase of 7.99% — and its net profit attributable to shareholders reached a year-on-year increase of 94.17%. Meanwhile, the company reported that its operating profit was CNY104 million during the reporting period and its total profit was CNY3.629 billion, ...
Alibaba will prevent Chinese vendors from selling children's products that are considered dangerous or illegal to American consumers. The U.S. Consumer Product Safety Commission has provided a list of up to 15 products which are considered illegal or have been recalled by manufacturers. Those products include baby seats and powerful magnets, and they are currently being sold on Alibaba to global buyers. ...
Letv will soon launch its next-generation super TV product in China. With the name of X55 Air, the new product will reportedly have a 55-inch display, full metal frame, and it will support 4K resolution. The product will be sold at about CNY5,000. The X55 Air will adopt the similar production process with X60S; however, the new-generation product will feature a full metal frame, cloud-based ...
Japanese electronics company Panasonic reportedly plans to move its digital camera manufacturing from Japan to China in spring of 2015. The company's production lines in Fukushima, Japan, will stop operation. The Fukushima plant has an annual output of 1.5 million digital cameras, which is about half of the global sales of Panasonic. Due to the devaluation of the ...
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