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Autonomous Vehicle Solutions Firm Roadstar.ai Wins USD 128 Mln Series A

36Kr.com, 5/15/18

Shenzhen-based Level 4 self-driving vehicle solutions developer Xingxing Technology (Roadstar.ai) announced today the completion of USD 128 mln in Series A funding (approximately equivalent to RMB 812 mln) jointly led by Wu Capital and Shenzhen Capital Group and with participation from previous investor Yunqi Partners and new participants CMB International and Vision Plus Capital. Read More

Rumor: AI Chipset Developer Cambricon Wins New Funding at USD 2 Bln Valuation

Sootoo, 4/04/18

Beijing-based AI chipset developer and unicorn Zhongke Hanwuji Technology (Cambricon) has reportedly completed funding from China State-owned Venture Capital and CMB International Capital with varying degrees of participation from previous investors at a valuation of USD 2.0 bln. Read More

360Buy, CMB Introduce Installment Plans

Sohu IT, 1/22/13

Beijing-based B2C e-commerce platform 360Buy and China Merchants Bank introduced a new payment by installment service today, allowing customers to pay for orders in installments using CMB credit cards. Read More

Apple China Store Offers Zero-interest Installment Plans

DoNews, 1/14/13

Apple's Chinese online store quietly introduced a new installment plan for purchases recently, allowing any customer making a purchase of RMB 300 or more from the Apple Store to pay in installments. Read More

China's Online Banks Lack Support for Chrome, Firefox

IT Times, 8/06/12

Users of Chinese internet company Sina's (Nasdaq: SINA) Weibo microblogging platform have recently been complaining that users of the Mozilla Firefox or Google Chrome browsers are unable to log into the Industrial and Commercial Bank of China's (ICBC) online banking system, which requires Microsoft Internet Explorer (IE) - and IE 6, rather than the more recent IE 9. Read More

China Merchants Bank Tightens Online Payment Restrictions

Xinhuanet, 4/13/11

China Merchants Bank (CMB) announced recently that as of April 11, it would lower the transaction limit for payments made using the bank's online payment system through third-party payment companies. Read More

CMMB, CMB Eschew National Standard Selection Process

Sohu IT, 11/20/07

In addition to the withdrawal of the CMMB standard, several industry insiders participating in the formation of the national standard for mobile TV have confirmed that Huawei's CMB solution is not taking part in the standards setting process either. Read More