On the evening of May 2, the market intelligence company International Data Corporation (IDC) released a report stating that the global smartphone shipment in Q1 of 2018 was 334.3 million units, a decrease of 2.9% from 344.4 million units in the same period of last year.
According to the Stock Exchange of Hong Kong Limited (SEHK) today, Xiaomi has officially submitted their IPO application documents. Xiaomi is expected to become the first company listed in the Stock Exchange of Hong Kong Limited with a dual-class share structure.
At the 2018 Beijing International Automotive Exhibition this year, new car manufacturers Nio, Byton, Weltmeister and Singulato had their new production cars on display to rival the traditional car manufacturers.
Meitu’s 2017 financial report showed a surge in revenue. The internet business segment achieved full-year gross profit and single quarter net profit. However, user activity, the most important core indicator of an app’s performance, has fallen sharply, which may be detrimental to its future development.
JD Group announced that it has raised $2.5 billion by selling stake in JD Logistics. After the transaction completes, JD Group will hold 81.4 percent of JD Logistics equity.
Byton announced a reach strategic cooperation with Aurora, an automatic driving technology company. In the next two years, Byton and Aurora will carry out pilot projects, jointly develop automatic driving technology on Byton cars and will deploy 100 to 200 automatic driving vehicles in the San Francisco Bay Area.
Data from Canalys showed that China’s smartphone market has stagnated and smartphone shipments fell for the first time in 2017.
Small players’ dreams are nothing compared to the strategic needs of giants: the fiercely competitive market has no tolerance. It’s only a matter of time before those players will be driven out.
When Allen Zhang, father of WeChat, sat down to explain WeChat’s new Mini Programs on December 28, 2016, the question every developer wanted to know was whether Mini Programs could be used to develop games? Zhang’s answer was simple and straightforward: “Not for now.”
Tencent, JD.com and Vipshop announced that Tencent and JD.com would invest US $863 million in Vipshop. After investment, JD.com is making a leap toward its goal of “selling clothes on JD.com”.
Is the frequent selling of buildings due to a lack of corporate competence or intense market competition?
Li Shufu said Geely, Volvo and other car companies are jointly developing an open electric model under the code PMA. “We’ve learned from Google’s Android, and PMA’s pure electric module is open,” Li said.
Sogou will go public in the U.S. and take a big step forward. Yesterday, Sogou formally submitted its prospectus to the U.S. Securities and Exchange Commission. Sogou plans to raise up to 600M dollars through IPO. If all goes well, Sogou will be another eye-catching listed company this year after Snap, MuleSoft, Yext, Carvana, Cloudera…
According to the official website of the China Insurance Regulatory Commission (CIRC), Weimin Insurance Agency was approved to operate insurance agency business. 57.8% of its share is held by Tencent. The businesses that CIRC approves Weimin Insurance Agency to operate are agents selling insurance products, charging insurance premium, the loss survey and claims related insurance…
He Swore ‘Never Do Games Business’ While Now Enter Game Industry in High Profile In June 2010, when talking to the then Chinese Premier Wen Jiabao, Alibaba Chairman Jack Ma said, “we firmly believe games couldn’t change China. China pursues single-child policy. If children play games all the time, what will our country be like…