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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 ...
Chinese smartphone brand Vivo and NBA formally announced that the two parties have reached a multi-year strategic cooperation for Vivo to become the NBA's exclusive official partner in the smartphone market in China. Mark Tatum, vice chairman of NBA, said that as NBA's exclusive smartphone partner in China, Vivo will not only develop basketball and sports along with the NBA, but also will offer more NBA games to basketball fans to make Vivo smartphones more fun. ...
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