Today Ford Motor Company and Baidu, Inc. announced the commencement of a two-year joint autonomous vehicle test project, under which the two companies will further advance the development and on-road testing of autonomous vehicles in China.
German carmaker Daimler announced Wednesday that it will start a 50-50 joint venture with Geely Group, a Chinese automotive manufacturing company, to provide premium ride-hailing services in several Chinese cities.
Beijing Bytedance Technology Co., the parent company of China’s news platform Toutiao and short video app TikTok, has closed its pre-IPO raising with about $4 billion, according to 36Kr. With an estimated valuation of $75 billion, it has become the rage in the market.
Alibaba Cloud, or Aliyun, the cloud computing subsidiary of China’s tech giant Alibaba Group, opened its first data centers in the United Kingdom on Oct. 22, catering to the growing demand for its services in Europe.
Chinese e-commerce giant JD.com, Inc., Institute of Software at Chinese Academy of Sciences, and New Jersey Institute of Technology (NJIT) in the U.S. co-launched a joint lab on blockchain research on Oct. 21 in Beijing.
Chinese e-commerce giant JD.com partnered with World Wide Fund for Nature (WWF) and The China Children and Teenagers’ Fund (CCTF) to launch the second-annual “Green Planet-Sustainable Week” event.
Gucci expressed reluctance on the topic of cooperating with Chinese e-commerce platforms led by Alibaba and JD.com due to concerns of counterfeiting scandals, according to Financial Times.
Despite escalating China-U.S. trade tensions, Tesla acquired a land area measuring around 860,000 square meters (214 acres) in Shanghai’s Lingang Area at the price of nearly 900 million yuan ($140 million) on Oct. 17, according to Shanghai Land Market.
On Oct. 15, it was reported that Ant Financial, the financial arm of Alibaba Group made a $210 million of strategic investment in the Indian delivery startup Zomato.
Alibaba Group announced today to merge the online food delivery service platform Ele.me and its local commerce platform Koubei into a new local life service company.
On Oct. 10, Huawei Technologies Co., Ltd, a networking, telecommunications equipment and services provider, and Bosch, an engineering and electronics company, announced a partnership on the development of the internet of things (IoT) in China at HUAWEI CONNECT 2018
ZTE has worked closely with KPN and successfully completed the test for the first 5G application for Precision Agriculture on an experimental farm in Drenthe, the Netherlands.
The National Basketball Association (NBA) and Tencent Holdings Ltd announced on Oct. 8 that the two will deepen their mutual cooperation by promoting Jr. NBA and the development of youth basketball leagues in China.
On Sept. 28, Alibaba Group’s Tmall and L’Oréal China announced that they will expand their cooperation and find new ways to tap into the Chinese market, leveraging data-driven consumer analytics to better connect products and consumers.
On the afternoon of Sept. 27, JD.com Inc. announced that the online retail platform JD CENTRAL, built together with Thai conglomerate Central Group of Companies, will officially launch on Sept. 28 in Thailand.