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Volkswagen Group China Partners with JD Industrials for Digital Transformation of MRO Procurement
JD.com, 9/25/23
Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) announced today that Volkswagen Group China and JD Industrials recently inked a strategic partnership to digitally transform the MRO (Maintenance, Repair, and Operations) procurement process for Volkswagen in China. Read More
Market Cap of China's Listed Internet Firms Up 5.6% QoQ in Q4 2020
CAICT, 1/07/21
As good fiscal stimulus and vaccine news in countries around the world boosted global stock markets in Q4 2020, total market cap of China's publicly traded Internet companies rose 5.6% QoQ to RMB 17.8 trln, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More
Golden Bull Regains Nasdaq Compliance, Completes USD 2.6 Mln Financing
Golden Bull, 5/15/20
China's Golden Bull (Nasdaq: DNJR), which previously announced a pivot from P2P online lending to car rental and bitcoin mining businesses, announced today that it received a written notification from the Nasdaq Stock Market Listing Qualifications Staff indicating that the company had regained compliance with the USD 1.00 minimum closing bid price requirement for continued listing on the Nasdaq Stock Market and the matter is now closed. Read More
58.com's Zhuan Zhuan to Acquire Used Handset Trading App Zhaoliangji
58.com, 4/07/20
Chinese online classifieds site 58.com (NYSE: WUBA) today announced that Zhuan Zhuan, an online used goods trading platform and a consolidated subsidiary of 58.com, has entered into definitive agreements to acquire a 100% equity interest in the operator of second-hand mobile phone trading app Zhaoliangji. Read More
58.com Purchases Uxin's B2B Used Car Auction Platform
58.com, 3/24/20
Chinese online classifieds site 58.com (NYSE: WUBA) today announced that it has entered into definitive agreements with Uxin Limited (Nasdaq: UXIN), a leading national online used car dealer in China, to purchase certain assets and liabilities related to Uxin's B2B online used car auction business for a total cash consideration of USD 105 mln. Read More
Golden Bull Posts H1 2019 Net Loss of USD 6.5 Mln
Golden Bull, 1/30/20
Golden Bull (Nasdaq: DNJR), which formerly operated an online peer-to-peer (P2P) lending platform in China that provided borrowers access to short-term loans, today announced its financial results for the six months ended June 30, 2019. Read More
JD.com Provides Host of Smart Services to Beijing's New Daxing Airport
JD.com, 10/17/19
Chinese e-commerce, logistics, and digital technologies giant JD.com (Nasdaq: JD) announced today that it is working with Beijing's newly opened Daxing Airport to provide traveler's with a host of smart services. Read More
Market Cap of China's Listed Internet Firms Up 0.5% QoQ in Q3 2019
CAICT, 10/15/19
The market value of China's publicly traded Internet companies continued to fluctuate in Q3 2019 against the backdrop of ongoing Sino-US economic and trade frictions, reaching a total market cap of RMB 9.8 trln, up 0.5% QoQ, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More
China's H1 2019 Internet User Base Reaches 854 Mln
CNNIC, 8/30/19
China's internet user base reached 854 mln in H1 2019, up nearly 26 mln from the end of H2 2018, among which the mobile internet user base was approximately 847 mln, up almost 30 mln from the end of H2 2018, according to data in the China Internet Network Information Center's (CNNIC) newly released H1 2019 State of the Chinese Internet Report. Read More
Baidu Posts Q1 2019 Net Loss of RMB 327 Mln
Baidu, 5/16/19
Chinese search engine operator and AI technology developer Baidu (Nasdaq: BIDU) today announced its unaudited financial results for the first quarter ended March 31, 2019. Read More
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