Management

Didi’s Driver Services Spinoff Snaps Up O2O Car Maintenance Provider Hiservice

Didi’s Driver Services Spinoff Snaps Up O2O Car Maintenance Provider Hiservice

Xiaoju Automobile Solutions, a driver services unit spun off from Didi Chuxing, has acquired online-to-offline car maintenance and repair provider Hiservice.

Aug 15, 2018
Liu Jing & Liao Shumin
Alibaba Cloud to Host Ford’s Transport Mobility Network in China

Alibaba Cloud to Host Ford’s Transport Mobility Network in China

Alibaba’s cloud unit has signed a memorandum of understanding to bring Ford-owned Autonomic’s Transportation Mobility Cloud to the world’s largest auto market.

Aug 15, 2018
Liu Jing & Liao Shumin
Sports Direct Bags Bust Department Store House of Fraser as Chinese Owner Fights for Survival

Sports Direct Bags Bust Department Store House of Fraser as Chinese Owner Fights for Survival

Sports Direct, the United Kingdom’s biggest sports retailer, has snapped up compatriot department store House of Fraser for GBP90 million (USD115 million) from a Chinese owner battling with debt.

Aug 14, 2018
Liao Shumin
SF Holdings to Team Up With McDonald's Cold Chain Courier Havi to Lead Emerging Market

SF Holdings to Team Up With McDonald's Cold Chain Courier Havi to Lead Emerging Market

China's private courier giant SF Holdings will join hands with US cold chain logistics firm Havi Group to pursue a leading position in the emerging temperature-controlled supply chain market in China.

Aug 13, 2018
Chen Yu
Chinese Logistics Developer Yupei to Build 58 Cold Chain Parks Globally by 2021

Chinese Logistics Developer Yupei to Build 58 Cold Chain Parks Globally by 2021

One of China’s largest logistics warehouse developer has set out plans to go global with the construction of 58 new cold chain parks by 2021.

Aug 10, 2018
Liao Shumin
Orix Takes 30% in World’s Third-Largest Jet Lessor as HNA Starts Selling Core Assets

Orix Takes 30% in World’s Third-Largest Jet Lessor as HNA Starts Selling Core Assets

Japanese financial services group Orix plans to take a 30 percent stake in aircraft leasing firm Avolon Holdings from HNA Group as the Chinese conglomerate begins to divest some of its core assets.

Aug 9, 2018
Tang Shihua
People’s Daily Welcomes Google’s Return to China

People’s Daily Welcomes Google’s Return to China

State-owned Chinese newspaper the People’s Daily will welcome Google back to the mainland as long as it complies with domestic…

Aug 8, 2018
Liao Shumin & Xu Zuwei
Tsinghua Unigroup Denies Plans to Buy German Wafer Maker Siltronic

Tsinghua Unigroup Denies Plans to Buy German Wafer Maker Siltronic

Tsinghua Unigroup, China’s leading state-owned chipmaker, has dismissed speculation that it plans to buy German counterpart Siltronic, one of the world’s top semiconductor manufacturers.

Aug 7, 2018
Liao Shumin
Northern China’s Sea Cucumbers Fall Victim to Heat Wave

Northern China’s Sea Cucumbers Fall Victim to Heat Wave

Scorching weather in northeastern China’s Liaoning province has killed off large areas of sea cucumbers, an ingredient in local food…

Aug 7, 2018
Liao Shumin & Xu Zuwei
Youngest Son of Macau’s Gambling Guru Is Pursuing His Own Identity in eSports

Youngest Son of Macau’s Gambling Guru Is Pursuing His Own Identity in eSports

Mario Ho, the youngest son of Macau’s legendary King of Gambling Stanley Ho, is breaking out into eSports in partnership with Tencent, the world’s largest gaming company.

Aug 6, 2018
Liao Shumin
Beijing Will Curb Surplus Shared Bikes, Start Real-Time Monitoring

Beijing Will Curb Surplus Shared Bikes, Start Real-Time Monitoring

Beijing’s transport commission decided yesterday to stop adding shared bikes to the city's streets and stiffen the management of existing…

Aug 3, 2018
Liao Shumin
Chinese Fintech Firm Eyes Profit Boost With Majority Stake in Korean Database Company

Chinese Fintech Firm Eyes Profit Boost With Majority Stake in Korean Database Company

The Hong Kong unit of Chinese fintech software provider Client Service International plans to acquire a majority stake in South Korean database developer as part of efforts to boost profitability.

Aug 2, 2018
Liu Jing & Chen Juan

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