Lazada Group, an e-commerce firm backed by Alibaba Group Holding, has appointed Pierre Poignant as its new chief executive officer (CEO) on Thursday to lead Lazada’s operations in Southeast Asia. As one of the co-founders of the company, Pierre Poignan……

Warburg Pincus and Hande Group will tie up to establish a corporate joint venture to pursue special situations investment in real estate projects in China. Under a strategic partnership agreement, the total commitment of the joint venture will be US$1 ……

A court in southeastern China’s Fujian province has issued a ban in the country on most iPhone sales due to a patent dispute between the U.S. chipmaker Qualcomm and Apple, according to a Qualcomm statement released on Monday. The Fuzhou Intermedi……

Zhang Shoucheng, a renowned Chinese physicist and founding chairman of venture capital firm Danhua Capital, passed away on December 1 at the age of 55 after “fighting a battle with depression”, according to a statement issued by Zhang’s family on……

China has accounted for around 40% out of a total 3.17 million patent applications submitted worldwide last year, topping the list for the seventh consecutive year, according to a report released by World Intellectual Property Organization (WIPO). The ……

E+ Youth Apartment, a Chinese youth-targeted apartment rental service provider, has raised nearly RMB100 million (US$14.41 million) in series A round of financing from Chinese investment firm Pengwan Investment, the spokesperson of E+ Youth Apartment t……

Chinese voice, video and live broadcasting platform Agora.io, the real-time communication service provider of smartphone maker Xiaomi, has closed a US$70 million series C financing round, led by technology-focused investor Coatue Management. The latest……

Xpeng Motors, a Chinese electronic vehicle maker backed by Alibaba Group, sets to put its first intelligent pure electric SUV model, Xpeng G3, on sales in December in Guangzhou, according to a WeChat announcement. The fully electric, five-seat compact ……

BMC Europe, a private equity fund managed by Shanghai International Group (SIG) and backed by Shanghai government, has acquired German rayon maker Cordenka GmbH for 240 million euros (US$272 million). The deal, sold by European private equity firm Cheq……

Chinese smartphone maker Xiaomi Inc.’s one pound flash sales has come under heavy criticism in the United Kingdom as the customers took to social media to accuse the company of misleading and using clickbait tactics to promote its products. Xiaom……