Ant Financial Invests in Vietnam’s eMonkey
Alibaba’s financial services spin-off, Ant Financial, is said to have acquired a sizable stake in Vietnamese e-wallet eMonkey, according to Reuters.
12/20/20192 min read
Category: Cross-border
Showing 12 of 742 posts in this category
Tesla China Halts 0% Minimum Downpayment Program Due to Surge in Orders
Tesla’s ambitious 0% minimum downpayment program for China has been canceled just three days after the option was introduced on Monday.
11/4/20212 min read
Costco’s First Chinese Store Flooded on Opening Day
American retail giant Costco is deepening its foothold in the Chinese market with the opening of its first store in Minhang, Shanghai.
Audi to Establish New EV Production Base in China
The construction for Audi FAW New Energy Vehicle Co., Ltd. will start in Changchun, Jilin Province, at the end of June, aimed at becoming a key milestone in Audi's electrification strategy in China.
6/24/20222 min read
Chinese Organizations in Silicon Valley Recommend New Jobs for Laid-Off Meta Staff
On the evening of November 9, Meta CEO Mark Zuckerberg announced that the company would lay off 13% of its workforce, affecting more than 11,000 employees. Many Chinese organizations in Silicon Valley have begun to recommend each other for new job opportunities.
Tim Hortons China Edges Closer to US Listing
Canadian coffee chain Tim Hortons has recently made further progress in plans to list its Chinese business division in the US. Silver Crest, a special purpose acquisition company, will hold a general meeting regarding the merging matter on August 18.
8/12/20223 min read
Tesla to Reduce Sales Outlets in China's First Tier Cities
CBN reported that Tesla intends to reduce the number of sales outlets in malls in China's first tier cities. Instead, the company plans to build more outlets in the form of traditional 4S stores in the typical automobile business districts.
Sino-British Tech Relationship Faces Revamp With New UK Digital Strategy
Following Boris Johnson's resignation and an updated national digital strategy, the UK's tech relationship with China is entering a new phase.
Toyota Invests $600 Million in DiDi
Toyota Motor Corporation and DiDi Chuxing (DiDi) announced on July 26 their cooperation in smart transportation services. As part of the deal, Toyota invested $600 million in DiDi and a joint venture company the two enterprises will establish.
7/26/20192 min read
Arm's Joint Venture with China: Best News Since ZTE Ban
Since the start of the China-U.S. trade war, the United States has repeatedly attacked China's weaknesses, letting more and more Chinese realize the importance ...
PingPong Reaches Direct Partnership With Credit Card Organization JCB
PingPong, a global provider of digital services for cross-border trade, has entered into a direct partnership with JCB, one of the six major international card issuing organizations.
6/20/20222 min read
Tencent, Alibaba fight for share in India's mobile payment
The war between Tencent and Alibaba has spread to India. This time, they're wrestling over mobile payments. Indian chat app Hike Messenger, which Tencent inves...