Cross-border Archives - Page 44 of 49

JD.com Entering the E-Commerce Market in Spain with Joybuy.es

On April 16, Liu Qiangdong, Chairman and CEO of Jingdong Group, or better known as JD.com, came to Madrid, Spain, to attend the World Retail Conference (WRC). He is also publicizing JD’s Spanish website Joybuy.es that was just released for public testing on April 12.

Xiaomi Expanding in India, Planning Four New Factories

On April 9, Xiaomi announced today that it will open three new mobile phone factories in India. At the same time, the power bank factory Xiaomi operates with another company have also begun to produce mobile phones. So far, Xiaomi has set up altogether six mobile phone factories in India.

World Leaders Gather in China for the 2018 Boao Forum for Asia

The 2018 Boao Forum for Asia (BFA) opened today in Boao, Hainan. It will last four days and host around 2,000 guests from over 60 countries and regions around the world.

Ubisoft partners with Tencent to bring top games to China

On March 21, Ubisoft and Tencent have reached a strategic agreement in which Tencent will operate, release and promote Ubisoft’s most successful PC and mobile communications products in the Chinese market. The deal reinforces the link between the world’s leading video game developers and China’s largest online gaming and social networking operators.

Alibaba adds $2 billion to Lazada investment

Alibaba Group announced today that it will invest another $2 billion in Lazada Group in an effort to accelerate its growth and deepen its integration with the Alibaba ecosystem. Lazada is the largest e-commerce platform in Southeast Asia.

Chinese mobile payment Alipay penetrates 8 Southeast Asian countries

Chinese mobile payments have made new moves in going abroad. On March 15, Ant Financial’s Alipay platform entered the markets in Cambodia, Laos, the Philippines and Burma to serve Chinese tourists.

Tencent AI Lab and Nature Research jointly promote interdisciplinary R&D for AI in medicine

At Tencent AI Lab’s second academic forum on March 15, Tencent AI Lab announced a strategic cooperation with Springer Nature’s Nature Research. The partnership will promote the interdisciplinary research of AI in the medical care field and the integration of AI in learning and research.

SAIC enters joint venture with TTTech to install “brains” in unmanned vehicles

Shanghai Automotive Group Co., Ltd. (SAIC) signed a 50.1:49.9 share joint venture contract with Austrian TTTech Computertechnik AG (TTTech) to accelerate development of an intelligent electronic control unit (iECU) and enhance core technical capabilities in smart driving.

Pakistan’s Telenor Group and Ant Financial reached a strategic partnership

Telenor Group has reached a strategic partnership agreement with Ant Financial in Pakistan, where Ant Financial will invest USD 184.5 m for a 45% stake in Telenor Microfinance Bank (“TMB”), a subsidiary of Telenor Group, to further develop TMB’s mobile payment and digital financial services.

Renault Teams Up with Alibaba to Sell Cars on Tmall

In 2018, car manufacturer Renault celebrated its 120th birthday. On March 7, Dongfeng Renault held its “Brand Night” in Shanghai and released its “Mid-term Business Plan” for 2022. Renault announced that it has partnered with Alibaba Group in technology and new retail services as a key part of Renault’s “In China, For China” strategy.

Chinese Ministry of Education Partners with Microsoft to Promote VR in Classrooms

Center One, Microsoft’s innovation demonstration center, the Education and Management Information Center, part of the People’s Republic of China’s Ministry of Education, and Microsoft China jointly announced that they will start application, training and laboratory construction of virtual reality (VR) in Chinese colleges, universities and vocational schools.

Haier Enters Service Robot Field with SoftBank Robotics

On March 6, Haier announced its vision of future robots serving ordinary families, and officially entered the field of service robots. Haier also entered a strategic partnership with SoftBank to introduce SoftBank’s humanoid robot “Pepper” into the Chinese market.

Europe’s Largest Animation Group Dargaud To Build Theme Parks in China

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.

MIT and SenseTime Announce Alliance on Artificial Intelligence Research

The Massachusetts Institute of Technology (MIT) and SenseTime today announced that SenseTime, a leading artificial intelligence (AI) company, is joining MIT’s efforts to define the next frontier of human and machine intelligence.

OnePlus Partners with Swedish Telecom Giant Telia, and Enters Sweden This Month

On February 27 at the 2018 MWC (Mobile World Conference) in Barcelona, Spain, OnePlus announced a strategic partnership with Swedish telecom giant Telia. With this partnership, OnePlus steps forward in the Nordic market, and plans to sell the OnePlus 5T in Sweden this month.

Alibaba Sets Up Joint Research Center in Singapore to Focus on AI

On February 28, Chinese tech giant Alibaba and the Nanyang Technological University (NTU) established a joint research institute in Singapore. The institute will focus on AI applications, including health care, smart home and urban transportation.

China’s Geely Invests $9B in Daimler: Alliances in the Changing Automotive Industry

On the afternoon of February 24, German auto giant Daimler released an investor relation announcement on its official website welcoming new long-term shareholders. The announcement disclosed that China’s Geely Holding Group Chairman Li Shufu has acquired 103.6 million shares of Daimler stock, accounting for 9.69 percent of equity.

Xiaomi to Launch ARCore with Google in China

Last night, Xiaomi announced on its Weibo account that it partnered with Google to manufacturer one of the first mobile phones with Google ARcore functionality. Xiaomi mobile phone users will be the first to experience ARcore.

ZCOOL Partners with Shutterstock to Sell Original Chinese Designs Overseas

Recently, ZCOOL received $15 million of series B+ financing from Shutterstock, a NYSE-listed world-famous digital content supplier. This is the first time that Shutterstock has invested in an Asian distributor. ZCOOL completed its series B of financing in 2016.

Xiaomi and Microsoft Sign Strategic Cooperation Memo to Push Xiaomi into the International Market

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.

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