Xiaomi announced its decision on Tuesday to postpone its listing process in mainland China while proceeding with original plans in Hong Kong.
On June 18, JD.com announced a strategic investment of $550 million from Google and an establishment of a broad strategic partnership between both parties.
As the clock strikes past midnight, JD.com saw a record-breaking transaction volume of 127.5 billion yuan ($20 billion) for the 618 Mid-Year Shopping Festival that took place officially on June 18. The entire record was for the period between June 1 at 00:00 a.m. and June 18 at 00:10 a.m.
Didi Chuxing (“DiDi”) announced that it will be launching DiDi Express on June 25 in Melbourne, after a month of pilot operations in Geelong.
OnePlus has sold out one million of its flagship OnePlus 6 within only 22 days of release. Pete Lau, CEO of OnePlus, expressed his gratitude towards the OnePlus community, “we are touched by the trust that one million people have placed in us and are grateful for the loyalty they have displayed.”
During CES Asia 2018, Baidu Apollo showcased its progress in self-driving, Internet of Vehicles (IoV) and automobile safety. Baidu’s autonomous driving platform has initiated collaborations with renowned automobile companies such as BMW and Hyundai Motors, and has also formed a partnership with EV startup Byton for DuerOS.
Alibaba tops the list to become the number one company that competitors are “most worried about” for their disruptive business models in the latest KPMG tech survey.
The Asian edition of the popular Consumer Electronics Show will open its doors for the 4th time in Shanghai tomorrow at CES Asia 2018. The exhibition will span three days from June 13 – 15 and showcase the newest technologies by over 500 companies from 80 countries.
Xiaomi Corporation is going to be the first foreign company to issue Chinese Depositary Receipts (CDRs) in mainland China, as revealed in its prospectus released by the China Securities Regulatory Commission on Monday.
Foxconn Industrial Internet Co Ltd. (FII) made a record debut by raising 27.1 billion yuan ($4.3 billion) on Friday, and became the most valuable tech company listed on the Shanghai Stock Exchange as well as in the entire mainland China.