Shanghai Beat

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  Sophy Yang 10:57 am on December 25, 2019 Permalink  

  Chinese PPT Car Making Ancestor Youxia Motors To Be Acquired By Local Government 

  

  After the factory started construction one and a half years before, Youxia Motors, regarded as the ancestor of the so-called "PPT car making" in the industry, has not yet officially launched the first mass-produced mode. The government of Wuxing District, Zhejiang Province, which had high expectations for it, began to find ways to deal with […]

  Chinese PPT Car Making Ancestor Youxia Motors To Be Acquired By Local Government comes originally from China Money Network. All Rights Reserved.

  Read the original article: China Money Network

   
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  Sophy Yang 2:22 pm on December 23, 2019 Permalink  

  Huawei To Invest $10.5B In Next Five Years To Build Kunpeng Ecology 

  

  “The ZTE and Huawei incidents respectively exposed the two major shortcomings in the communications industry: chip and software," said Ni Guangnan, member of China Engineering Academy, in this May when the U.S. Commerce Department placed Huawei Technologies on a trade blacklist. Because network information technology must have both a technical system and an ecosystem support. […]

  Huawei To Invest $10.5B In Next Five Years To Build Kunpeng Ecology comes originally from China Money Network. All Rights Reserved.

  Read the original article: China Money Network

   
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  Sophy Yang 5:02 pm on December 19, 2019 Permalink  

  Changes In Alibaba Investment Department: VP Resign and Investment Volume Drop 

  

  Ethan Xie, senior director of Alibaba’s strategic investment department, was about to resign, reported by LatePost. Xie was previously responsible for technology and other innovative investment businesses. He has led investments in Baby Tree, Dasouche and Ruhnn. Alibaba CFO and head of the investment department Wu Wei confirmed the news of Xie’s departure at a […]

  Changes In Alibaba Investment Department: VP Resign and Investment Volume Drop comes originally from China Money Network. All Rights Reserved.

  Read the original article: China Money Network

   
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  Sophy Yang 1:16 pm on December 13, 2019 Permalink  

  Chinese Drone Maker EHang Raises $46M In Nasdaq IPO 

  

  Chinese drone maker EHang Technology Co., Ltd., backed by Linear Capital, GGV Capital and other venture investors, is listed on the NASDAQ in the United States with the stock code "EH". EHang will sell 3.2 million American Depositary Shares (ADSs) at a price of US$12.5, with a maximum fundraising amount of approximately US$46.4 million. We […]

  Chinese Drone Maker EHang Raises $46M In Nasdaq IPO comes originally from China Money Network. All Rights Reserved.

  Read the original article: China Money Network

   
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  Sophy Yang 5:09 pm on December 12, 2019 Permalink  

  Chinese Co-working Giant Ucommune Files For US IPO 

  

  This article by Emma Lee originally appeared on TechNode, the leading English authority on technology in China. Ucommune, China’s largest co-working space operator, filed with the US securities regulator on Wednesday for a listing on the New York Stock Exchange. Why it matters: Ucommune’s filing follows months after US-based WeWork’s failed plans for an initial […]

  Chinese Co-working Giant Ucommune Files For US IPO comes originally from China Money Network. All Rights Reserved.

  Read the original article: China Money Network

   
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  Doris Yu 6:13 pm on October 23, 2019 Permalink  

  Huawei Unveils Its Latest 5G Full-Series Solution 

  

  Edward Deng, president of Huawei’s wireless solutions, unveiled Huawei’s latest 5G full-series solution at the 2019 Global Mobile Broadband Forum. The world’s first wave of 5G commercial networks utilizing either C band or 2.6 GHz band has already been deployed commercially. Now, 5G construction is expanding to FDD bands to ensure nationwide coverage and mmWave […]

  Huawei Unveils Its Latest 5G Full-Series Solution comes originally from China Money Network. All Rights Reserved.

  Read the original article: China Money Network

   
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  PR Newswire 11:32 pm on October 16, 2019 Permalink  

  Crypto.com Lists TomoChain (TOMO) 

  Best place to purchase TOMO at true cost with zero fees and markups
  HONG KONG, Oct. 16, 2019 /PRNewswire/ -- Crypto.com, the pioneering payments and cryptocurrency platform, announced today that...

  Crypto.com Lists TomoChain (TOMO) comes originally from China Money Network. All Rights Reserved.

  Read the original article: China Money Network

   
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  Doris Yu 12:33 pm on October 16, 2019 Permalink  

  European Private Equity Firm Permira closes Permira VII At $12B 

  

  Permira, the global private equity firm, announces that it has held a final closing for its latest buy-out fund Permira VII (P7) on Wednesday, reaching its hard cap with total commitments of €11 billion (US$12 billion). P7 will follow Permira’s long-term strategy of investing in market-leading businesses that benefit from strong and resilient underlying growth […]

  European Private Equity Firm Permira closes Permira VII At $12B comes originally from China Money Network. All Rights Reserved.

  Read the original article: China Money Network

   
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  Sophy Yang 10:54 am on October 16, 2019 Permalink  

  Sequoia China Leads $14M Series A Round In Chinese AI Start-up InfiMind 

  

  InfiMind, a Chinese artificial intelligence (AI) start-up focusing on fashion and retail industries, has raised about RMB100 million (US$14.12 million) in a series A round of financing led by venture capital firm Sequoia Capital China. Chinese venture capital firm Turing Capital and all existing investors including GSR Ventures and MFund also participated in this round, […]

  Sequoia China Leads $14M Series A Round In Chinese AI Start-up InfiMind comes originally from China Money Network. All Rights Reserved.

  Read the original article: China Money Network

   
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  Doris Yu 8:24 pm on October 8, 2019 Permalink  

  Chinese Online Fresh Grocery Market Benlai Group Raises $200M In Series D1 Round 

  

  Beijing-based online fresh grocery market Benlai Holding Group has raised US$200 million in a series D1 round of financing led by Shenzhen Mingde Holdings Development Co., Ltd., the largest shareholder of Chinese logistics giant SF Group, according to a report from Chinese online publication iyiou. Returning investors CDH Investments and Gaorong Capital also poured money […]

  Chinese Online Fresh Grocery Market Benlai Group Raises $200M In Series D1 Round comes originally from China Money Network. All Rights Reserved.

  Read the original article: China Money Network