On June 9, BYD officially announced its new sub-brand FANG CHENG BAO. The brand, as the fifth in the row of the BYD brand matrix, will meet the increasingly personalized needs of consumers by offering a series of unique and professional-grade new energy vehicle models.
Two years after stepping down as CEO of ByteDance, founder Zhang Yiming has launched a personal investment fund in Hong Kong. The fund, named Cool River Venture, is registered as a private limited company and is wholly owned by Galaxy LLC. Zhang Yiming serves as the director of the fund.
On April 26th, HARZAND, the world's first large liquefied gas carrier with a capacity of 93,000 cubic meters developed, designed and built by Jiangnan Shipyard under China State Shipbuilding Corporation, was named in Shanghai and is scheduled to be delivered to the owner today.
Chinese e-commerce firm JD.com announced on March 30 that it is planning to spin off its property and industrial units and list them on the Hong Kong stock exchange. JD.com would hold more than 50% of Jingdong Property Inc and Jingdong Industrials Inc after the completion of the spinoffs.
On March 23rd, JD Industry, a sub-group of JD.com and an industrial supply chain technology and service business, announced the completion of a B Series preferred stock transaction with the total amount of $300 million.
Alibaba Group Holding Ltd. said on Monday it will invest about $3.6 billion to increase its stake in Sun Art Retail Group Ltd., one of China’s largest supermarket operators.