The strategic move will see the new Guangzhou plant doubling the production rates of OLED display plates from their current 60,000 to 130,000. With LG Display being the top OLED displaymaker in the world, the facility at Guangzhou, China will control and cater to the OLED TV segment across markets in the world. On Tuesday,…
The collaboration is aimed at building next-gen purpose-built electric-vehicles for Didi’s services. On Tuesday, China’s Didi Chuxing, a ride-sharing company, disclosed it has signed an agreement with German automotive supplier Continental AG to co-develop connected vehicles and design purpose-built electric vehicles (EVs) for Didi’s services. “Based on DiDi’s practical experience on mobility as well as…
Investor appetite in Hong Kong for Xiaomi’s stock is low due to a range of reasons which include overall market sentiments, Xiaomi’s valuation of the stock in comparison to its peers, and the fact that investors see it as a hardware firm as opposed to a hardware and internet services firm. Shares of Chinese smartphone…
In what is likely to be a part of Beijing’s strategic “Made in China 2025” policy, China is pushing automakers to focus on improving the technology in next generation cars rather than rely on its subsidies to meet sales targets. On Friday, as per a report by Bloomberg citing anonymous sources, Beijing is considering a…
ZTE’s U.S. ban has resulted in the Chinese firm losing $11 billion in market valuation. However, from Jefferies had placed a buy rating on its stocks on the Hong Kong stock exchange. In a significant development, ZTE Corp has received a temporary reprieve from the U.S. Commerce Department’s Bureau of Industry and Services government. The…
The wide-ranging partnership expands the Bollore Group’s and Alibaba’s logistics network such that it can help diversify their respective customer base. On Monday, Vincent Bollore, the CEO of French conglomerate the Bollore Group stated it had signed a global partnership with Chinese e-commerce giant Alibaba. In a statement, both companies said, their partnership covers clean…
Beijing-based, Cayman-domiciled Xiaomi priced its IPO at $2.17 – the bottom end of its indicative range. On Friday, sources close to Xiaomi Corp’s Hong Kong initial public offering (IPO) disclosed, the Chinese firm priced the IPO at the bottom of an indicative range, of HK$17 to HK$22, and raised $4.72 billion. Xiaomi is selling around…
Much of the U.S. government’s stance can be traced back to a report prepared by the U.S. Department of Defense, which warns of Chinese venture investors accessing “the crown jewels of U.S. innovation.” Although the U.S. Administration is pushing to protects national security interests by blocking Chinese investments in the field of artificial intelligence, machine…
Its investors include KKR & Co, AllianceBernstein and Baillie Gifford. Lyft has a market share of 35% in the U.S. Following a funding round in which it raised $600 million, Lyft Inc said the its latest funding round was led by Fidelity Management which saw the ride-hailing firm’s valuation jump to $15.1 billion in little…
Employing more than 1 million people, Foxconn’s export market includes both the United States and China. On Friday, Hon Hai Hon Hai Precision Industry Co Ltd, also known as Foxconn, stated the tariff war between the United States and China is more of a tech war than a trade war. This tech war is the…
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