SAIC to Purchase $254M Shares From Luckin Chairman Lu’s Car Rental Company
SAIC Motor Corp. Ltd reached an agreement to buy 28.92% of the share of car rental service provider Car Inc at the price of HK$ 1.9 billion.
7/3/20201 min read
Tag: #Chinese Market
Showing 12 of 67 posts with this tag
Google Cloud Rumored to Enter China Through Chinese Cloud Computing Provider
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...
Tesla Sales Double in China, Exceeding $2B in 2017
China is the world's largest market for car sales. Tesla's vehicles have to be imported into China, as Tesla is unable to produce cars in China. Nevertheless, T...
Ford's China EV Business to Be Run as Independent Firm
The China arm of American multinational automobile manufacturer Ford announced on September 26 that it would work to accelerate electric transformation in the country by operating its EV business through FMeT, an independent company.
9/26/20223 min read
Faraday Future Expands Global Hiring Following Business Combination
Faraday Future (FF) announced on August 20 that it plans to greatly expand its number of employees over the next 12 months, following a business combination deal that closed in July of this year.
8/23/20212 min read
E-Cigarette Giant JUUL is Coming to China
American e-cigarette brand JUUL will officially enter the Chinese market and is reported to be negotiating terms for distribution channel cooperation with Tmall and JD.com.
7/19/20192 min read
Meituan’s Market Value Blows Past $1 Trillion HKD, With Sales Bouncing Back To Pre-Pandemic Level
Though hit by COVID-19 pandemic, Meituan Dianping's market value rocketed, becoming the third most valuable internet company in China.
6/17/20202 min read
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 D...
3/6/20182 min read
Apple Revenue Up 11% in Q4 in China After Personnel Adjustment
Apple US announced its revenue from the fourth quarter last year, which is also the first quarter of Apple's 2018 fiscal year. Though iPhone and iMac sales fell...
Electric Vehicle Prices Continue to Drop in China as Europe Sees 28% Rise
Reporting from vehicle data analysis company Jato Dynamics indicates that the price of electric vehicles (EV) has dropped sharply in China but increased across Western countries over the past decade.
8/20/20212 min read
Tesla's August Sales in China Expected to Reach 77,000 Units
According to comments on September 1 by Cui Dongshu, Secretary General of the China Passenger Car Association, Tesla's August delivery volume in the country is expected to have totaled about 77,000 vehicles, an increase of 173% from July.
9/2/20223 min read
Google May Reopen its Business in China
China's largest state-owned media group posted on its twitter account to welcome Google back in China, a signal that this time the global Internet giant might r...