J&T Express and BEST Inc. reached an agreement on Friday to acquire the latter's express delivery business in China at a price of $1.1 billion.
Retail giants Carrefour and Hema Fresh have denounced Sam's Club for allegedly "being a monopoly."
Chinese media outlet 36Kr reported today that recently, Laxcen Technology Inc., announced the completion of a new round of financing worth 170 million yuan ($26.58 million).
OFilm announced that it expects net losses of 58-70 million yuan ($9.01-$10.88 million) in the third quarter, compared to profits of 237 million yuan during the same period last year.
Chinese electronics manufacturer Luxshare Precision has bagged 3% of iPhone 13 orders from Foxconn and Pegatron, according to Nikkei Asia. The firm is about to win 2.7 million to 2.85 million iPhone orders.
Chinese new retail enterprise KK Group, formerly known as KKguan, has recently completed a new round of financing worth approximately US$300 million.
E-commerce giant Alibaba has developed an AntChain-based cold-chain food tracking system as a novel solution to increase efficiency in detecting coronavirus, according to a company’s announcement on Dec. 10.
Chinese electric vehicle maker WM Motor has completed a 10 billion yuan D round of financing
Chinese social commerce company Pinduoduo recently launched a wholesaling platform “Duoduo Wholesale” for its merchants to power their supply chains and procure goods for resale.