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Danish Pump Brand Grundfos Launches Flagship Store on JD Industrial
JD.com, 2/09/23
Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) announced today that subsidiary JD Industrial Supply launched the flagship store of Danish water pump manufacturer Grundfos on January 30. Read More
Number of Foreign-Invested Telecom Enterprises in China Up 21% Since End of 2019
CAICT, 4/09/20
As of the end of March 2020, China's total number of foreign-invested telecom enterprises reached 232, up more than 21% from the end of December 2019, reports the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More
China's Jan-April Core Internet Industry Revenues Exceed RMB 324 Bln
MIIT, 5/28/19
China's core internet industry, defined as the aggregate of those enterprises holding a telecommunications value-added service license and recording 2018 full-year service revenues of at least RMB 5 mln, generated RMB 324.6 bln in service revenue during the 4-month period from January to April, 2019, according to a new report issued by China's Ministry of Industry and Information Technology (MIIT). Read More
Cross-border E-commerce Payment Platform PingPong Wins RMB 9-digit Series C
iYiou.com, 9/18/18
Hangzhou-based third-party cross-border payment company Pingpeng Intelligent Technology ("PingPong") recently announced that it has secured RMB 9-digit Series C funding from Sinowisdom Asset Management and other investors. Read More
Smart Parking Solution Provider Carlinkin Secures RMB 8-digit Series A
36Kr.com, 6/15/18
Xiamen-based Runming Network Technology, operator of smart parking solution brand Carlinkin, recently announced completion of RMB 8-digit Series A funding led by Star Venture Capital with participation by Yingxin Guofu Investment Management and Shanghai-based Edge Ventures. Read More
Tencent, Geely Win Bid for 49% Stake in Bullet-train Wi-Fi Provider
Sina Tech, 6/07/18
Chinese internet conglomerate Tencent (0700.HK) and Zhejiang-based automobile manufacturer and distributor Geely Holding (0175.HK) recently announced that they have successfully completed a joint bid to acquire a 49% stake in bullet train Wi-Fi services provider Bullet Train Networks Technology, a subsidiary of China Railway Corporation. Read More
B2B Fresh Produce M-commerce App 'Song Xiaocai' Wins RMB 230 Mln Series B1
36kr.com, 1/22/18
Hangzhou-based Xiaonong Network Technology, operator of B2B fresh vegetable m-commerce app Song Xiaocai, has completed RMB 230 mln in Series B1 funding led by Global Logistics Properties with participation from IDG Capital Partners, Matrix Partners China, Puhua Capital, and Index Capital. Read More
Sinnet to Buy Amazon's AWS China Cloud Equipment
Sinnet, 11/13/17
Beijing-based Sinnet Technology (300383.SZ), an Internet service, Internet data center services and value-added services provider, has announced a plan to purchase specific operational assets (including, but not limited to IT equipment such as servers) from Beijing-based AWS (China) service platform operator Amazon Connect Technology Services for no more than RMB 2.0 bln. Read More
Baidu, BAIC Aim for Mass Production of Autonomous Cars by 2021
Tencent Tech, 10/13/17
Beijing-based automaker BAIC Group and Chinese internet company Baidu (Nasdaq: BIDU) have announced the formation of a group level strategic partnership concerning autonomous cars, telematics, and cloud services. Read More
Digital Reading Service Provider iReader Lists on Shanghai Stock Exchange
iHeima, 9/21/17
iReader Technology, operator of online digital reading app iReader, has officially listed on the Shanghai Stock Exchange on September 21 under ticker number 603533. Read More
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