According to Kevin Johnson Starbucks’ president and chief executive, the company is looking to eventually use the experience it has accumulated in China’s fast-paced delivery industry and apply it to the United States.
The 5G investment cycle is about to take off in China. The Ministry of Industry and Information Technology recently told reporters that they will issue 5G spectrum licenses before the end of the year, as well as formulating the frequency plan for the Internet of Things (IoT) and the Internet of Vehicles (IoV).
Alibaba Group and Richemont, a Switzerland-based luxury goods holding company, announced a global strategic partnership today with the purpose of bringing the retail offerings of YOOX NET-A-PORTER GROUP S.p.A. (YNAP), the world’s leading online luxury retailer, to Chinese consumers.
Throughout the first three quarters of 2018, Chinese tech companies far outnumbered U.S. companies in filing for IPOs on U.S. stock exchanges, according to an IPO report released by Renaissance Capital, a leading IPO investment research company.
Capital Online, a Chinese cloud computing service provider, announced via its Wechat official account on Sept. 4 that the company would be bringing Google Cloud back to the Chinese mainland and the matter was under negotiation.
On Aug. 28 at the 2018 Asian Games held in Jakarta, Team China took down Team of South Korea 3-1 and emerged victorious in the popular video game League of Legends (LoL) during the finals.
Career and social networking platform, Maimai, announced its Series D round of funding on August 21. The China-based company raised $200 million at a valuation of over $1 billion, making it the first and only unicorn in the career and social networking space.
Alibaba Group ranked fifth in Fortune magazine’s Change the World 2018 list for the philanthropy work done through its subsidiary mapping service that literally drove money into rural China.
China now has over 800 million Internet users, as indicated in the half-year report on China’s Internet by the China Internet Network Information Centre (CNNIC) released on August 20. Out of the 800 million, 788 million are mobile Internet users.
Qualcomm lost its chance to own NXP Semiconductors as China did not approve of the deal before the deadline on Thursday midday Beijing time.
Facebook has registered a company in Hangzhou, China on July 18, as reported in a filing with China’s National Enterprise Credit Information Publicity System.
Trump’s New Visa Policy Closes the Door on Highly-Educated Scientists
On May 25, Tesla Inc. published a blog post on its official website introducing eight new talents they have hired recently. Among them, the CFO of the recently announced Tesla (Shanghai) Co., Ltd. has been confirmed to be James Zhou, a seasoned executive in the automobile industry.
Tesla Inc. will lower its price in China immediately the country reduced its tariff on most imported cars on May 22.
Early this morning, U.S. President Trump signed a presidential memorandum to impose punitive tariffs on $60 billion of Chinese imports to punish “China’s theft of U.S. intellectual property.” In signing the memo, Trump said, This is the first of many.