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Didi APP receives $600m investment from China Life Insurance

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By David Cao
David Cao
13 June 2016
Hits: 1142
Didi APP receives $600m investment from China Life Insurance

Didi APP, China's largest mobile transportation solution provider, said on Monday that it has received about $600 million strategic investment from China Life Insurance.

According to CNNIC's report issued on the 4th Jan 2016, Didi APP occupied 87.2% market share in China.

The cash infusion, which includes an equity investment of $300 million and a long-term debt investment of 2 billion yuan ($305 million), is expected to bankroll Didi's competition with the United States-based Uber Technologies Inc.

Read more: Didi APP receives $600m investment from China Life Insurance

Chinese travel agencies see opportunities in foreign tourists

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By David Cao
David Cao
22 May 2016
Hits: 878

Amid China's effort to enhance its appeal as an international tourism destination, Chinese travel agencies are seeing new business opportunities in tourists from overseas.

Ctrip, China's leading online travel agency based in Shanghai, said inbound tourism has regained the attention of travel agencies, thanks to the 10.9 percent growth of foreign visits in the first quarter of 2016.

Read more: Chinese travel agencies see opportunities in foreign tourists

Baidu face probe over paid listings on search result pages

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By David Cao
David Cao
03 May 2016
Hits: 1092
Baidu Wei Zexi

Wei Zexi's released photo on Weibo.com

The central government has set up an investigation team to probe search engine giant Baidu, after the company was accused by a hospital patient, who since has died, of providing misleading medical treatment information.

The team is made up of officials from the Cyberspace Administration of China, the National Health and Family Planning Commission and the State Administration for Industry and Commerce — the regulator of online advertisement.

Read more: Baidu face probe over paid listings on search result pages

2000CNY for A bowl of Beef Noodle in Taiwan

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By David Cao
David Cao
25 April 2016
Hits: 886
2000CNY for A bowl of Beef Noodle in Taiwan

How expensive can a bowl of beef noodles be? The 688 Beef Bowl restaurant in Taiwan currently has the most expensive beef noodles on the market. Customers who want to taste their noodles must pay up to 2,000 CNY ($308.6) and even make an appointment beforehand.

The 688 Beef Bowl restaurant is not particularly big. It offers seven different flavors of beef noodles, priced from 100 CNY to 2,000 CNY.

Read more: 2000CNY for A bowl of Beef Noodle in Taiwan

Lenovo aims to revive smartphone business

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By David Cao
David Cao
24 April 2016
Hits: 1142
Lenovo aims to revive smartphone business

Lenovo Group Ltd said on Thursday it will speed up efforts to expand offline retailing channels and marketing this year to revive its faltering smartphone business.

The move makes the world's largest PC maker the latest Chinese company to bank on bricks-and-mortar retailers to spur growth as the country's smartphone market is reaching saturation.

Read more: Lenovo aims to revive smartphone business

More Articles …

  1. Xiaomi founder: Time for the world to copy Chinese innovation
  2. Lionel Messi named as Huawei's global ambassador
  3. WeChat set to launch app for enterprise users
  4. Vanke agrees to buy Shenzhen Metro stake amid control tussle
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Page 18 of 120

Banking

  • China T-bond move seen safeguarding financial stability
  • RMB expected to stay stable
  • China's policy bank provides 197.3 bln yuan in green loans in Q1
  • China central bank conducts reverse repos to maintain liquidity
  • Former president of China Merchants Bank under investigation

Real Estate

  • 21 Chinese cities tighten Real Estate Policy
  • LANZHOU NEW AREA new ghost town in China
  • Chinese invest $110 billion in US real estate
  • China's listed real estate companies post $461b of inventories for 2015
  • Beijing eases restrictions on foreigners buying apartments

Society

  • China Police issues Wanted Poster for 3 suspects affiliated with the U.S. National Security Agency (NSA)
  • China's new efforts for birth rates: Subsidies, services, social shifts
  • China will remove hukou-based marriage registration restrictions nationwide
  • Digital cat promotes eco-friendly items Sichuan China
  • China’s DeepSeek Overshadow an AI Summit in Paris

Manufacturing

  • 2025 Huawei launches latest foldable phone with unusual design
  • Chery Revives the Legend: Electric QQ Aims to Reclaim Glory in the EV Era
  • Cargo drone TP1000 undergoes debut test in Qingdao
  • Xiaomi YU7 SUV Test Car 258 exposed on Weibo
  • EngineAI's Robot Step Into New Era

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