On December 10, Chinese technology and gaming giant Tencent introduced the Nintendo Switch portable console in China.
CategoryCross-border
Bilibili, a Chinese video sharing platform, has confirmed on December 6 that the company has reached a strategic partnership agreement with the world’s famous PC game League of Legends.
BYTON has signed an agreement with Marubeni Corporation on December 5, making the Japanese company an investor in BYTON’s ongoing Series C funding.
Italian luxury brand Gucci announced a strategic cooperation agreement with Tencent to leverage the Chinese tech giant’s access to abundant data and explore field of smart retail.
On November 27, 2019, Alipay and Finablr announced a global partnership to provide cross-border remittance services.
On November 27, Xpeng Motors announced that they have signed a deal with Alipay to jointly develop in-car payment functions.
Alibaba Group’s financial services affiliate Ant Financial is preparing to raise $1 billion for a fund that will invest in fintech startups in Southeast Asia and India.
According to numbers reported by a research company LMC Automotive, Toyota was responsible for 7.8% of China’s new car sales during the first nine months of 2019, falling short of toppling Volkswagen as the market leader, but outpacing GM and the local automotive leader SAIC Motor.
Amazon is back with plans to open another online store on Pinduoduo, the latest e-commerce disruptor, challenging the industry’s status quo with year-round discounts, group buying and a shrewd focus on China’s underrepresented lower tier cities.
On Tuesday, Chinese ride-hailing giant Didi Chuxing launched their service in the Central American nation of Costa Rica.
Chinese internet behemoth Tencent has acquired a 10% stake in Indian online insurance aggregation platform Policybazaar
Tencent has cooperated with five international financial service companies to make it possible to tie overseas international credit cards to WeChat, thus allowing overseas users to utilize WeChat’s payment services.
On November 6, Ctrip Group, a Chinese online travel service provider announced a strategic partnership with American travel website TripAdvisor, expanding their global cooperation.
The shares of the Chinese EV-maker NIO soared nearly 38% on November 5 after the company announced a deal with Intel’s Mobileye on developing self-driving vehicle systems.
Xiaomi is planning to enter Japan in 2020 by offering their comparable flagships at a lower price point in an effort to displace market leader Apple