Alibaba’s purchase of a 36.16 percent stake in SUN ART Retail Group – a $2.9 billion investment – shook business news on November 20. Alibaba, the e-commerce giant that put forward of the concept of “new retail,” and SUN ART, the top offline retailer in China created a fusion of e-commerce and brick-and-mortar business. The…
No more than half a year ago, when DJI Goggles was still under engineering development, its Spark motion model already proved to be impressive with capturing the image from the bird-eye view. Now DJI unexpectedly released the improved version.
According to foreign media reports, Xiaomi, which has had two smartphones factories in India, will build its third smartphone factory in India, as well as builds a charge pal plant with India local companies.
2017 will be a milestone in the history of Chinese companies. In April, Tencent ranked among the Top 10 companies in the world by market value. In June, Alibaba joined it in the Top 10, and within a few days surged to seventh place. On November 21, Tencent’s market value grew to $520 billion, passing…
Tencent announced it reached a strategic cooperation with PUBG, formally obtaining the exclusive agency of Playerunknown’s Battlegrounds in China.
Vietnamese e-commerce platform Tiki.vn recently announced it received $44 million in financing from JD.com. Tiki.vn said it would use the new financing to train staff, optimize logistics distribution and market its distribution service TikiNow.
A Victoria’s Secret Fashion Show opened at the Mercedes-Benz Cultural Center on November 20 in Shanghai. During the performance, model Meng Xi tumbled on the catwalk. She wrote on her Weibo shortly after, “Sorry! But I will keep on walking the stage.” SEE ALSO: Chinese Street Culture in Fashion Brand Business
The share price of Tencent Holdings (00700.HK) rose by more than 3 percent in early trading on November 21. At 9:53 am, Tencent’s market value reached HK $4.128232 trillion, or about US $528.471 billion, surpassing Facebook, whose market value is US $518.346 billion, to become the world’s fifth-largest technology company by market value.
Xiaomi is bringing new products to the US market, TechWeb reported on November 20. Its new offerings on Amazon.com include two headsets, a 10,000 mAh portable power bank, a 360-degree panoramic camera and a sweeping robot.
Mobike launched Mobike New Lite, its latest model of bicycle, on September 22. After a two-month wait, the new models were finally available in Shenzhen’s Futian District, the company announced. The other districts will follow in the coming weeks.