In terms of Australia’s most populous city and largest ride-hailing market, Didi plans to roll out its Sydney launch with DiDi Express and DiDi Max services first.
Representatives of the Central Bank pointed out that even if approved, the loans will be far smaller than the 4 billion and 5 billion yuan sought by the companies.
The initiative is part of a Didi-coordinated cross-industry effort to contain the negative effects of the COVID-19 outbreak.
As of December 31, 2019, Hillside Capital no longer holds equity in NIO. So far, 2020 has seen NIO raise $200 million in convertible bond financing.
The coronavirus outbreak is still in full force, limiting business opportunities and impelling investors to put their activities on hold.
Canceled events, xenophobia, suspended flights to China, cruise ships being denied port of entry despite having no coronavirus cases on board – this is just a small portion of the absurdity dominating the media field these days.
Nike, Adidas, and Capri Holdings, owner of luxury brands Versace, Jimmy Choo, and Michael Kors, have all warned investors this week that as the coronavirus grips China, sales could take a hit.
The event has been forced to introduce safety precautions following the withdrawal of several major exhibitors from the gathering over fears of coronavirus infection.
The 2019 new coronavirus belongs to the bat SARS-like cluster, while the SARS virus belongs to the SARS cluster.
Xiaomi officially announced that their new flagship, the Xiaomi Mi 10, will be presented during an online broadcast on February 13.
The recent coronavirus outbreak dramatically increased the penetration of productivity apps on the Chinese market, which in turn will likely accelerate the digitization of local enterprises.
Experts are currently foreseeing a decline in China’s economic growth to roughly 5.6% from the already relatively low 6.1%, which will bring global economic growth down by 0.2%.
The pneumonia epidemic caused by the novel coronavirus has had a considerable impact on the Chinese mobile phone industry.
On February 3, Chinese battery manufacturer CATL announced that it has signed a two year supply agreement with Tesla effective between July 1, 2020 and June 30, 2022.
Mainland Chinese stock markets took a nosedive on the first trading day since January 23rd, after the extended Lunar New Year holiday.