The annual session of the China Development Forum (CDF) 2018 is taking place from March 24 to 26, 2018, with “China in the New Era” as its theme. Meituan-Dianping CEO Xing Wang presented at the “New Lifestyles in the AI Era” session.
The annual session of the China Development Forum (CDF) 2018 will be hosted on March 24-26, 2018, with “China in the New Era” as its theme. Apple CEO Tim Cook attended and spoke at the sub-forum named “Addressing the Challenge of Global Inequality”.
YT Jia’s car manufacturing business has made new progress. Faraday Future, an electric vehicle startup backed by LeEco founder YT Jia, announced the opening of its factory in Hanford, California. Photos revealed that the factory is already operating with some personnel and mechanical equipment.
On March 8, Foxconn received A-share after a record speed of 36 days of proceedings. As regulators continue to send favorable signals for domestic listing and trading, more unicorn companies are likely to enter A-share.
“Alibaba and JD.com have established offices to compete with Pinduoduo.” said Bin Huang, an e-commerce merchant. Relying on WeChat traffic, Pinduoduo has become a black horse within the e-commerce industry.
On March 5, National People’s Congress (NPC) representative Lei Jun said in an interview that the dual-class shares implemented in the Hong Kong Stock Exchange is favorable towards internet companies, and thus technology innovators are likely to list their companies in Hong Kong.
Xiaomi is currently preparing for its much-anticipated IPO, and the company will start selling smartphone products in the U.S. as early as this year.
Dargaud Group, Europe’s largest animation group, announced on March 5 that it will accelerate growth in the Chinese market by developing theme parks. Shanghai Dragon Deity Group is Dargaud’s strategic partner in China.
Huawei will unveil its P20 series, including the P20, P20 Pro, and P20 Lite, at its release conference on March 27. The P20 Lite appeared in Vodafone’s March catalog with all specifications released.
On February 28, the media reported that NIO has hired eight banks, including Morgan Stanley and Goldman Sachs, to prepare for its planned listing in U.S. this year. The IPO is expected to raise up to $2 billion USD.
Chinese e-commerce giant Alibaba is planning to take over food delivery platform Ele.me for $9.5 billion. While Alibaba and ele.me have both declined to comment on “market rumors”, an Alibaba executive confirmed this news to the media without disclosing further details.
China is the world’s largest market for car sales. Tesla’s vehicles have to be imported into China, as Tesla is unable to produce cars in China. Nevertheless, Tesla doubled its sales in China in 2017, and Tesla’s all-electric cars are commonly seen on China’s roads.
On the morning of February 23, Xiaomi and Microsoft signed a Strategic Framework Memorandum of Understanding (MoU). The two sides will further deepen their strategic partnership. Microsoft’s technology in cloud computing and artificial intelligence will be combined with Xiaomi’s smart devices to help bring Xiaomi products into the international market.
Baidu released their Q4 2017 and full year 2017 financial reports today. According to the reports, iQIYI had applied for listing to the U.S. Securities and Exchange Commission, and Baidu will remain iQIYI’s top shareholder post-listing.
Alibaba Digital Media & Entertainment Group announced a multi-year licensing agreement with Buena Vista Pictures Distribution. More than 1,000 episodes of Disney animations will be available on Youku and other over-the-top (OTT) platforms that partner with Alibaba.