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Suning raises funds to cash in on sport

Suning Sports said yesterday it has completed a series of financing led by Alibaba Group and Goldman Sachs as it seeks to cash in on China’s booming sporting industry.This follows a share-swap between ...

July 20, 2018, Friday


New hyperloop test center for Guizhou

HYPERLOOP Transportation Technologies said yesterday it will team up with a southwestern Chinese city to build a new 10-kilometer test track for its high speed hyperloop transportation system. California-based ...

July 20, 2018, Friday


Didi sets up service in Japan with Softbank

DIDI said yesterday it has set up a joint-venture with SoftBank called Didi Mobility Japan Corp and aims to roll out the service starting in autumn this year. Didi aims to launch the ride-matching app ...

July 20, 2018, Friday


Google hit with record US$5b antitrust fine

EU antitrust regulators hit Google with a record 4.34 billion euro (US$5 billion) fine yesterday for using its Android mobile operating system to squeeze out rivals....

July 19, 2018, Thursday


Google back with AI game

GOOGLE Inc yesterday launched a mini game on WeChat, China’s most popular social media application with more than 1 billion users. It’s the first mini game offered by Google in China’s mainland, where ...

July 19, 2018, Thursday


iQiyi inks US$300m deal with gamer

CHINA’S Nasdaq-listed iQiyi, an online video platform, said yesterday it was paying 2 billion yuan (US$300 million) to acquire Chengdu-based game developer Skymoons Technology as the Beijing-headquartered ...

July 19, 2018, Thursday


Malta, Huawei sign deal on 5G technology

MALTA and Chinese technology giant Huawei signed a memorandum of understand on Saturday that will improve Maltese businesses via 5G, especially digital infrastructure for smart cities. The agreement, ...

July 16, 2018, Monday


Aihuishou gets US$150m in latest funding

AIHUISHOU, an online second-hand consumer electronics trading platform, said yesterday that it raised US$150 million in the latest round of financing, giving the company a market value of US$1.5 billion. Tiger ...

July 13, 2018, Friday


Uber HR head quits on handling of alleged racism

Uber Technologies Inc’s Chief People Officer Liane Hornsey resigned in an email to staff on Tuesday, following an investigation into how she handled allegations of racial discrimination at the ride-hailing...

July 12, 2018, Thursday


Sporting potential

CHINA Mobile’s Migu and Suning are tying up to jointly tap into the 3-trillion-yuan (US$448 billion) sport industry in China, both companies said yesterday. The partners will cooperate on sport content ...

July 12, 2018, Thursday




 

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