On March 5, National People’s Congress (NPC) representative Lei Jun said in an interview that the dual-class shares implemented in the Hong Kong Stock Exchange is favorable towards internet companies, and thus technology innovators are likely to list their companies in Hong Kong.
Xiaomi is currently preparing for its much-anticipated IPO, and the company will start selling smartphone products in the U.S. as early as this year.
Dargaud Group, Europe’s largest animation group, announced on March 5 that it will accelerate growth in the Chinese market by developing theme parks. Shanghai Dragon Deity Group is Dargaud’s strategic partner in China.
Huawei will unveil its P20 series, including the P20, P20 Pro, and P20 Lite, at its release conference on March 27. The P20 Lite appeared in Vodafone’s March catalog with all specifications released.
On February 28, the media reported that NIO has hired eight banks, including Morgan Stanley and Goldman Sachs, to prepare for its planned listing in U.S. this year. The IPO is expected to raise up to $2 billion USD.
Chinese e-commerce giant Alibaba is planning to take over food delivery platform Ele.me for $9.5 billion. While Alibaba and ele.me have both declined to comment on “market rumors”, an Alibaba executive confirmed this news to the media without disclosing further details.
China is the world’s largest market for car sales. Tesla’s vehicles have to be imported into China, as Tesla is unable to produce cars in China. Nevertheless, Tesla doubled its sales in China in 2017, and Tesla’s all-electric cars are commonly seen on China’s roads.
On the morning of February 23, Xiaomi and Microsoft signed a Strategic Framework Memorandum of Understanding (MoU). The two sides will further deepen their strategic partnership. Microsoft’s technology in cloud computing and artificial intelligence will be combined with Xiaomi‘s smart devices to help bring Xiaomi products into the international market.
Baidu released their Q4 2017 and full year 2017 financial reports today. According to the reports, iQIYI had applied for listing to the U.S. Securities and Exchange Commission, and Baidu will remain iQIYI‘s top shareholder post-listing.
Alibaba Digital Media & Entertainment Group announced a multi-year licensing agreement with Buena Vista Pictures Distribution. More than 1,000 episodes of Disney animations will be available on Youku and other over-the-top (OTT) platforms that partner with Alibaba.
Huawei reportedly signed a £3 billion ($4.18 billion) five-year purchase agreement with the British government. Last Friday, Huawei Chairman Sun Yafang met British PM Theresa May in Beijing. The two sides discussed investment in Britain. The latest deal is expected to help British companies export their products to the Chinese market.
Richard Liu, founder and CEO of JD.com, said the company plans to challenge Amazon in Europe in 2019 and to spread across the continent within a few years. Liu said the JD.com would launch its ecommerce platform and distribution services in France, then expand to the UK and Germany.
Xiaomi has confirmed it will participate in the MWC 2018 conference, when it will unveil long-awaited new handset . But as the time approaches, news about Xiaomi‘s new smartphones are more puzzling.
Exciting graphics, a sharable nature and easy gameplay have made “Travel Frog” a hit across China. Though not addictive, the game leaves players interested and wanting more.
Bitcoin China (BTCC), the world’s oldest Bitcoin exchange platform and the first and the largest digital currency exchange in China, announced it was purchased by a Hong Kong block chain fund on January 29.
Qualcomm hosted the 2018 Qualcomm China Technology and Cooperation Summit in Beijing, during which Qualcomm and leading Chinese manufacturers jointly announced a 5G pilot program.
Huawei signed a cooperation agreement with Unionpay, and the two sides agreed to work together to promote the globalization of Huawei Pay and speed up its overseas application.
Figures from two technology market research firms published on January 25 show that Xiaomi overtook Samsung as India’s largest smartphone maker in the fourth quarter of 2017. Previously, Samsung was the largest smartphone maker in India for six years in terms of sales volume.
Chinese smartphone brands Oppo and Vivo (OV) may have stellar performance at home, but they are slowing down in the India market.
Two major bike-sharing companies, Mobike and ofo, have announced plans to share their big data.