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Alibaba's Freshippo Grocery Chain Opens 12 More Stores

Sohu, 6/30/23

Freshippo, the high-tech grocery chain of Chinese internet giant Alibaba Group (NYSE: BABA; 9988.HK), announced today it has opened 12 more stores in eight cities across mainland China, including Beijing, Shanghai, and Guangzhou. Read More

Danish Pump Brand Grundfos Launches Flagship Store on JD Industrial

JD.com, 2/09/23

Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) announced today that subsidiary JD Industrial Supply launched the flagship store of Danish water pump manufacturer Grundfos on January 30. Read More

Pinduoduo Subscribes to USD 200 Mln in Gome Convertible Bonds in Strategic Partnership

Pinduoduo, 4/19/20

Chinese e-commerce platform operator Pinduoduo (Nasdaq: PDD) today announced it will subscribe to USD 200 mln in convertible bonds ("CBs") issued by Chinese household appliance and electronics retailer GOME Retail Holdings Limited (0493.HK) as part of a strategic partnership to bring more value-for-money merchandise to Pinduoduo's 585.2 mln users. Read More

Niu Technologies Posts Q1 2019 Profit of RMB 12 Mln

Niu Technologies, 5/13/19

Chinese smart urban mobility solutions firm Niu Technologies (Nasdaq: NIU) today announced its financial results for the first quarter 2019. Read More

MIIT: China's Total Number of Large-scale Software Enterprises Reaches 37,776 in 2018

MIIT, 2/01/19

As of the end of 2018, mainland China had 37,776 large-scale software enterprises, reports China's Ministry of Industry and Information Technology (MIIT). Read More

CaaS Cloud Service Provider DaoCloud Obtains RMB 9-digit Series B

iYiou, 9/19/18

Shanghai-based cloud computing services provider DaoCloud Network Technology recently announced completion of RMB 9-digit Series B funding led by Tianfu Tech and Yuanyi Capital with participation by Sky9 Capital, Aeternam Stella Financial Holdings, F&H Fund Management, Huatai Securities (601688.SH), Puhua Capital, and Convergence Capital. Read More

Alibaba's UCWeb to Invest RMB 500 Mln to Support Original Content Creation

TechWeb, 9/13/18

Alibaba Group's (NYSE: BABA) UCWeb subsidiary, operator of mobile browser UC Browser, recently announced a "U Creator Plan" to encourage the production of premium original content. Read More

JD Logistics, ABB Ally on Logistics Smart Manufacturing and Robot Product Supply Chain

iKanchai.com, 9/12/18

Chinese B2C e-commerce platform JD.com's (Nasdaq: JD) self-operated logistics business, JD Logistics, and robot technology and solutions provider ABB recently signed a strategic partnership agreement to cooperate on logistics industry smart manufacturing and robot product supply chain services. Read More

Zhang Yimou's VR Entertainment Firm Sky Limit Secures RMB 9-digit Pre-A

DoNews, 6/21/18

Beijing-based entertainment company Danghong Qitian International Culture Development (Sky Limit Entertainment) recently announced completion of RMB 9-digit pre-Series A funding led by Shenzhen-based OCT Culture Group with participation by Mango Culture and Innovation Private Equity Fund. Read More

Source Code Capital Invests in Real Estate SaaS Provider Eall

Heishaobing, 6/21/18

Tianjin-based real estate SaaS provider Yiao Online Technology (Eall) recently won funding from Source Code Capital. Read More