Alibaba Group, the Chinese e-commerce giant, announced on August 16 the addition of luxury jeweler Tiffany & Co. to its Luxury Pavilion on the Tmall shopping platform.
The Pandaily team finally got a chance to review newly released Nut R1 flagship phone by Chinese smartphone maker Smartisan Technology and here are our thoughts.
China’s information authority released a list of top 100 Chinese Internet companies on July 27, ranking Alibaba, Tencent and Baidu, JD.com, and NetEase as the top five.
Huami Corporation, a Xiaomi-backed public company specializing in smart wearable technology, announced on July 26 the purchase of core assets from Zepp International Limited, a leading wearable sports technology company.
Facebook has registered a company in Hangzhou, China on July 18, as reported in a filing with China’s National Enterprise Credit Information Publicity System.
Huawei unveiled on July 18 the newest products in its nova series, nova 3 and nova 3i smartphones, at a product launch in Shenzhen where Nova series’ new brand ambassador Jackson Yi, from the popular Chinese boy band TFBoys, also showed up.
BMW Brilliance, a joint venture between BMW and Brilliance Auto, signed a strategic cooperation agreement with China’s Contemporary Amperex Technology Co. Limited (CATL) on July 17 in Beijing.
Koolearn Technology Holding Limited, an online education company under New Oriental Education & Technology Group Inc., filed for an initial public offering to the Hong Kong Stock Exchange on July 17.
Apple Inc. announced its plan to invest $300 million along with 10 suppliers in a China Clean Energy Fund on July 12. A new “first-of-its-kind investment fund” in the country, the new energy fund aims to connect suppliers with renewable energy sources.
JD Finance announced on July 12 the details of their upcoming Series B fundraising round. The financial spin-off of the e-commerce platform JD.com Inc. will raise 13 billion yuan ($1.95 billion) at a post-money valuation of 133 billion yuan by the end of this quarter.
Luckin Coffee announced on July 11 the completion of their Series A funding round, giving the company a valuation of $1 billion and bringing it into the unicorn club.
Internet fitness company Keep Inc. raised the single largest fundraising round in the world’s Internet fitness industry, with Goldman Sachs leading the $127 million investment in their Series D round on July 10.
XPeng responded today to the case of a former Apple employee charged with stealing trade secrets in the U.S., claiming its close attention to intellectual property.
The Russian edition of Forbes magazine wrote an article on March 8, 2018, about the emergence of tech start-ups and unicorn companies in China’s internet industry.
A penalty levied by the U.S. government in the form of a 25% tax on $34 billion worth of Chinese goods came into effect on 12:01 AM EST on July 6, 2018. The 25% ad valorem duty rate is in addition to any pre-existing duty already imposed on the list of goods.
