The logistics unit of JD.com is eyeing a potential overseas IPO that could raise $8 – $10 billion, two insiders revealed to Reuters.
PayPal has completed its acquisition of a 70% equity stake in GoPay, making PayPal the first foreign payment platform to provide online payment services in China.
Samsung Electro-Mechanics is going to shut down its HDI (high-density interconnected) printed circuit board manufacturing unit in Jiangsu, China, due to low profitability, according to a report by The Korea Herald.
On December 18, Chinese phone-maker Realme announced its full-stack financial services platform called Realme PaySa in India.
On December 18, DiDi and NVIDIA announced a cooperation agreement. Didi will use NVIDIA’s technology to develop autonomous driving and cloud computing solutions.
Huawei CEO Richard Yu confirmed the launch date for the upcoming Huawei P40 and P40 Pro handsets.
Samsung Electronics has teamed up with Baidu to produce its new cloud-to-edge artificial intelligence (AI) chip, Kunlun, with mass production slated for early next year.
Xpeng Motors announced on December 11 that they had entered a partnership with NIO Power to collaborate on battery charging services, to optimize the charging experience for customers.
Due to the continuous increase in the number of Chinese developers, China has become the largest market for GitHub outside the United States.
Lawyers for Huawei’s CFO, Meng Wanzhou, have won a court battle after a judge asked Canada’s attorney general to hand over more evidence and documents relating to her arrest.
NIO has made significant personnel cuts to its the autonomous driving department at its North American headquarters in San Jose, laying off another 141 employees.
After months of leaks and teasers, Xiaomi finally unveiled the new Redmi K30 5G. At 1999 yuan ($285), it is currently the cheapest 5G smartphone on the market.
The Ministry of Industry and Information Technology (MIIT) is now raising the stakes, setting a higher target for the proportion of environmentally friendly cars out on the roads.
OPPO is set to hold the inaugural INNO DAY 2019 conference in Shenzhen, China on December 10.
Xiaomi, the No.1 smartphone brand in India, has forayed into online lending, launching ‘Mi Credit’ in India, joining a growing wave of fintech startups in the South Asian nation.
At the Qualcomm Snapdragon Tech Summit on December 3, Xiaomi announced that they will be the first to use the new chipsets.
In an interview with CNN, Ren Zhengfei decided to break the silence and address the issue implying that the the US has treated Huawei unfairly.
On November 27, Xpeng Motors announced that they have signed a deal with Alipay to jointly develop in-car payment functions.
Alibaba Group’s financial services affiliate Ant Financial is preparing to raise $1 billion for a fund that will invest in fintech startups in Southeast Asia and India.
Ofo, plagued by bankruptcy rumors, has had a tough year trying to pay back user deposits. The Chinese bike-sharing startup recently launched a new controversial refund policy.