Southeast Asia's leading ride-hailing platform Grab announced the completion of its latest round financing of USD2.5 billion, including USD2 billion …
Didi, SoftBank Invest In Southeast Asia Ride-hailing Platform
27 July 2017
Didi Chuxing Is Now In the Car Rental Business
22 August 2016
Chinese ride-sharing app Didi Chuxing is adding a new business model: car rental service. The company today launched its own …
Apple's Didi Play Is Less About China And More About Cars
18 May 2016
During the late Steve Jobs' entire tenure as chief of Apple, he never visited China. But now the company is …
Uber Drives Chinese Operating Center To Wuhan
03 November 2015
Uber China announced that the company will invest CNY63 million to build an operating center in the Wuhan East Lake High-tech Development Zone. This is Uber's first major operating center outside North America. Meanwhile, it boasts the largest area and highest investment for the company. According to Uber, this new operating center will be an […]
Deutsche Telekom Creates Automotive Joint Venture In China
16 October 2014
China Mobile and Deutsche Telekom have signed a joint venture agreement to establish an automobile company in China. With each party holding a 50% stake, the new joint venture will reportedly have registered capital of CNY180 million and the total planning investment will reach CNY270 million. The joint venture will take advantage of Deutsche Telekom's […]
Yongche.com Drives Chinese Car Rental Market With Top Search Engine
11 August 2014
Yongche.com, a Chinese rental car company, will cooperate with search engine Baidu.com to launch a business car hire service. With this move, Baidu follows fellow Internet companies Alibaba and Tencent into the rental car business. The new business car hire service app will be based on Baidu maps and an Android version will be released […]
China's Internet Retail Sales Reached CNY1.3 Trillion
23 October 2013
China's Internet consumption maintained rapid growth and the 3,000 retail enterprises monitored by China's Ministry of Commerce realized a year-on-year increase of 34.7% in the Internet sales sector from January to September 2013. Mofcom predicted that during the first three quarters of 2013, the Internet consumer retail sales would reach CNY1.3 trillion, which is equal […]
Telematics Company Focuses On China Expansion
15 December 2008
Airbiquity plans to offer its full suite of telematics and connectivity solutions to the Chinese telematics market through its newly-formed mainland company Ai Bi Ke Communications Technology Company.