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British electric vehicle (EV) maker Saietta has said that it is acquiring electric powertrain company e-Traction from China Evergrande Group's automotive unit in a deal worth up to 2 million euros ($2.31 million).
Chinese property developer Evergrande Group successively sold its shares in HengTen Networks on November 4 and 5, cashing out about HKD 717 million ($92.1 million) in total and lowering its shareholding ratio from 26.55% to 22.98%.
Chinese internet service and app provider Hengteng Networks announced its plan to work with Tencent, one of the largest integrated Internet service providers in China.