Management

Coolpad Sues IPO-Ready Xiaomi for Patent Infringement

Coolpad Sues IPO-Ready Xiaomi for Patent Infringement

A unit under smartphone maker Coolpad Group Ltd. is suing Xiaomi Inc. and its affiliates for patent infringement just a week after the accused filed to go public in Hong Kong.

May 11, 2018
Liao Shumin
JD.Com Misses First-Quarter Profit Expectations After Chasing New Retail

JD.Com Misses First-Quarter Profit Expectations After Chasing New Retail

JD.Com Inc., China's second-largest online retailer, yielded lower-than-expected profits in the first quarter after stepping up investment in physical stores,…

May 9, 2018
Liao Shumin
Pret Composites Forms New Unit to Develop Heat-Resistant Materials

Pret Composites Forms New Unit to Develop Heat-Resistant Materials

Shanghai Pret Composites Co. is partnering up with Shanghai Bantai Enterprise Development Center Ltd., a partnership comprising core members of…

May 9, 2018
Tang Shihua
Bike-Sharing Giant Ofo’s Bicycle Orders From Shanghai Phoenix Falls 60% on New Rules, Competition

Bike-Sharing Giant Ofo’s Bicycle Orders From Shanghai Phoenix Falls 60% on New Rules, Competition

China’s leading shared-bike services provider Beijing Bikelock Technology Co., better known as Ofo, has failed to keep up with the…

May 7, 2018
Xu Wei
Lifan Looks to Raise USD390 Million to Power NEV Push

Lifan Looks to Raise USD390 Million to Power NEV Push

Chinese carmaker Lifan Industry Group Co. is mulling a private offering of 261 million shares to raise up to CNY2.48 billion (USD390 million) as it looks to crack the new-energy vehicle sector.

May 7, 2018
Liao Shumin
A Third of Chinese Machine Tool Makers Lost Money Last Year Despite Huge Sector Gains

A Third of Chinese Machine Tool Makers Lost Money Last Year Despite Huge Sector Gains

China’s machine tool makers nearly trebled their profit last year, but more than a third of companies made losses as…

May 7, 2018
Wang Shifeng
Aviation Administration to Investigate China’s Chaotic Ticket Refunding

Aviation Administration to Investigate China’s Chaotic Ticket Refunding

China’s Civil Aviation Administration is investigating ticket refund charges and has vowed to punish those who broke the law after…

May 7, 2018
Liao Shumin
Hengyi Petrochemical to Build USD1 Billion Polyester Fiber Plant in Home Province

Hengyi Petrochemical to Build USD1 Billion Polyester Fiber Plant in Home Province

Hengyi Petrochemical Co. plans to invest nearly CNY6.4 billion (USD1 billion) to build a polyester fiber factory in its home…

May 7, 2018
Tang Shihua
SMIC Forms Semiconductor Fund to Accelerate Industry Growth

SMIC Forms Semiconductor Fund to Accelerate Industry Growth

Semiconductor Manufacturing International Corp. and several partners are setting up a CNY1.6-billion (USD255-million) equity fund to buy into other companies in the integrated circuit sector.

May 4, 2018
Liao Shumin
CK Hutchison, Xiaomi Form Pre-IPO Alliance to Bolster Tech Firm’s Global Expansion

CK Hutchison, Xiaomi Form Pre-IPO Alliance to Bolster Tech Firm’s Global Expansion

CK Hutchison Holdings Ltd., a conglomerate run by Hong Kong’s richest man Li Ka-shing, has founded a global strategic alliance…

May 4, 2018
Liao Shumin
Baidu to Spin Off Its Finance Unit to Unveil Independent ‘Du Xiaoman Financial’

Baidu to Spin Off Its Finance Unit to Unveil Independent ‘Du Xiaoman Financial’

China’s internet conglomerate Baidu Inc. is set to spin off its finance business following Alibaba Group Holding Ltd. and JD.Com Inc., which have already divested their financial arms.

May 3, 2018
Liao Shumin
Shenzhen Salubris Pharma Plans to Invest in US Mercator MedSystems to Enhance R&D Capacity

Shenzhen Salubris Pharma Plans to Invest in US Mercator MedSystems to Enhance R&D Capacity

Shenzhen Salubris Pharmaceuticals Co. will acquire a stake in a US medical technology company through its wholly-owned subsidiary in…

May 3, 2018
Tang Shihua

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