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China Unicom, China Telecom to Co-Build Shared Nationwide 5G Access Network

China Unicom, 9/09/19

China Unicom (NYSE: CHU; 0762.HK; 600050.SH) and China Telecom (NYSE: CHA; 0728.HK), each of which holds a roughly 20% share of China's approximately 1.6 bln mobile subscriber base, today jointly announced that the two network operators will co-build and co-share a single, nationwide 5G access network. Read More

Baidu Posts Q1 2019 Net Loss of RMB 327 Mln

Baidu, 5/16/19

Chinese search engine operator and AI technology developer Baidu (Nasdaq: BIDU) today announced its unaudited financial results for the first quarter ended March 31, 2019. Read More

Baidu, FAW to Jointly Launch L4 Autonomous Passenger Car by End of 2019

Baidu, 11/01/18

Robin Li, CEO of Baidu (Nasdaq: BIDU), announced today at the annual Baidu World event in Beijing that the Chinese internet giant plans for volume production of China’s first Level 4 (L4) Hongqi autonomous driving passenger vehicle in collaboration with Chinese automaker FAW Group, collaboration with Chinese-owned Swedish car manufacturer Volvo to jointly develop electric cars with full autonomous capabilities for the China market, and plans for autonomous driving taxis. Read More

Rumor: Didi Chuxing to Launch Takeout Delivery Service in 9 Cities

Caijing, 3/06/18

Chinese taxi booking and car hire service app Didi Chuxing will reportedly launch a new takeout delivery service called Didi Waimai (Didi Takeout Delivery) in nine cities including Wuxi, Nanjing, Changsha, Fujian, Jinan, Ningbo, Wenzhou, Chengdu, and Xiamen, according to online media outlet Caijing. Read More

DJI Announces Agricultural Market Strategy for China

DJI, 3/21/16

Shenzhen-based consumer drone maker DJI Technology recently announced its strategy for the agricultural market in China, and provided additional details on its crop-spraying drone MG-1 which was previously unveiled in November 2015. Read More

Rumor: Online Video Platform 'Mango TV' to Raise Series B

PE Daily, 11/16/15

Changsha-based Kuaile Yangguang Interactive Entertainment, operator of online video platform Mango TV, is reportedly undergoing its second round of funding and has solicited investments from various companies totaling RMB 20 bln, according to a source familiar with the matter, but the company will only choose a few investors to participate in this round. Read More

China Telecom, Unicom Win TD/FDD-LTE Hybrid Network Licenses

MIIT, 6/27/14

China's Ministry of Industry and Information Technology (MIIT) today granted China Telecom (NYSE: CHA; 0728.HK) and China Unicom (NYSE: CHU; 0762.HK; 600050.SH) approval to separately carry out TD-LTE/FDD-LTE hybrid network trials in 16 cities. Read More

Online Advertising Firm AdSame Lands USD 30 Mln Funding

Adsame, 5/12/14

Shanghai-based online advertising solutions provider Adsame Networks Technology has obtained USD 30 mln in new funding led by Pacific Venture Partners and Dream Capital Group, with participation from existing investors including Matrix Partners and Vertex Venture Holdings. Read More

Jingdong to Launch MVNO Services in May 2014

Tencent Tech, 12/31/13

A representative from Beijing-based B2C e-commerce platform Jingdong has revealed that the company plans to release mobile virtual network operator (MVNO) services in May or June of 2014. Read More

China Approves 18 Next-Gen Internet Trial Cities

Ndrc.gov.cn, 12/26/13

Approval has been given for next-generation internet trials in 15 cities across China. Read More