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China's Evergrande Auto to Raise USD 516 Million from Tencent, Sequoia Capital, Jack Ma’s YF Capital, And Didi Chuxing
The company unveiled its first ever six new energy vehicle models in August under the Hengchi brand, including sedans, SUVs, multi-purpose vehicles, and crossovers.
by KrAsia
2020-09-16
2020-09-16
Oracle Confirms Deal with Chinese Tiktok-Owner Bytedance to Become 'Trusted Technology Provider'
Depending on how the deal works out, it could boost Oracle’s cloud business. It might make Oracle more visible to young consumers and give it control over a prominent advertising venue.
by cnbc
2020-09-15
2020-09-15
Chinese Tiktok in Talks with Donald Trump Administration to Avoid Full Sale of US Assets
The talks with the administration have picked up since last week, when the Chinese government passed new rules restricting the export of artificial-intelligence technology, which could affect the sale of TikTok to a non-Chinese owner.
by KrAsia
2020-09-10
2020-09-10
Malaysia's Rev Asia to Acquire iMedia in All Stock Deal
According to a statement from Rev Asia, iMedia is expected to make over US$724,000 (RM3 million) in net profit after tax in 2021, which would see a total acquisition price of US$9.7 million (RM40 million) if the net profit is achieved.
by DigitalNewsAsia
2020-09-02
2020-09-02
China ZTE Reports Sustained Growth in Both Profit And Revenue in H1 2020 Despite Global Pandemic
In the first half of 2020, the company strengthened its cash flow and sales revenue collection management. Its net cash flow from operating activities for H1 2020 is approximately RMB2.04 billion, about 61.1% year-on-year growth.
by zte
2020-09-01
2020-09-01
Indian Paytm Payments Bank Approaches RBI for In-Principle Approval to Become Small Finance Bank
Paytm Payments Bank had facilitated more than 485 Cr transactions worth INR 4.6 Lakh Cr. It said that the domestic money transfers had accounted for INR 29K Cr, a significant growth from the last fiscal year.
by Inc42
2020-08-31
2020-08-31
China's Alibaba Suspends Its India Investment Plan Amidst Increased Scrutiny
The pause in new investments also comes due to changes in foreign direct investment (FDI) rules that mandate prior government approval for investments from countries that have a land border with India.
by Thenewsminute
2020-08-28
2020-08-28
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