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Baidu Posts Q1 2019 Net Loss of RMB 327 Mln
Baidu, 5/16/19
Chinese search engine operator and AI technology developer Baidu (Nasdaq: BIDU) today announced its unaudited financial results for the first quarter ended March 31, 2019. Read More
Baidu, FAW to Jointly Launch L4 Autonomous Passenger Car by End of 2019
Baidu, 11/01/18
Robin Li, CEO of Baidu (Nasdaq: BIDU), announced today at the annual Baidu World event in Beijing that the Chinese internet giant plans for volume production of China’s first Level 4 (L4) Hongqi autonomous driving passenger vehicle in collaboration with Chinese automaker FAW Group, collaboration with Chinese-owned Swedish car manufacturer Volvo to jointly develop electric cars with full autonomous capabilities for the China market, and plans for autonomous driving taxis. Read More
Rumor: Online Fleet Management Service G7 to Complete USD 9-digit Funding
Chinaventure, 8/23/18
Beijing-based Huitong Tianxia IOT Technology, operator of online logistics platform G7, is reportedly about to complete a new round of USD 9-digit funding, according to a source familiar with the matter. Read More
Baidu, Panda Car Jointly Launch Shared Autonomous Vehicle Pilot in Chongqing
Tencent Tech, 5/24/18
Chinese internet company Baidu (Nasdaq: BIDU) and Chongqing-based new energy car rental app operator Panda Car Rental have launched China's first shared autonomous vehicle pilot program in Chongqing. Read More
Electric Car Maker CHJ Automotive Wins RMB 3 Bln Series B
36Kr.com, 3/22/18
Beijing-based automobile startup CHJ Information Technology (CHJ Automotive) has announced the recent completion of RMB 3.0 bln in Series B funding from Matrix Partners China and a new energy fund in Shougang Fund's portfolio. Read More
Online Fleet Management Service G7 Wins USD 70 Mln Funding
NetEase Tech, 12/18/17
Beijing-based Huitong Tianxia IOT Technology, operator of online logistics platform G7, has announced the completion of USD 70 mln in strategic funding from Singaporean provider of modern logistics facilities Global Logistics Properties and Bank of China's wholly-owned direct investment services platform Bank of China Group Investment. Read More
Tencent, Temasek Invest in O2O Logistics Firm Huitong Tianxia's Series C+
36Kr.com, 4/05/16
Beijing-based Huitong Tianxia IOT Technology, operator of online logistics platform G7, has announced its completion of a USD 45 mln Series C+ round of funding, with backers including Chinese internet and mobile services firm Tencent (0700.HK), Singaporean sovereign wealth fund Temasek Holdings, and Eastern Bell Venture Capital. Read More
Qihoo CEO Pledges 10% Stake to Encourage Staff Entrepreneurship
iFeng Tech, 1/27/16
Zhou Hongyi, CEO of Chinese internet services and security software provider Qihoo 360, (NYSE: QIHU) recently announced at an annual company meeting that he will use a 10% stake in the company that he currently controls to recruit and reward future company partners, including technical leaders and core management personnel, to encourage entrepreneurship among Qihoo 360's employees. Read More
Didi Kuaidi Invests in Indian Car Hire App Ola
National Business Daily, 9/28/15
Xiaoju Kuaizhi Inc ("Didi Kuaidi"), operator of Chinese mobile taxi booking and car hire apps Didi Chuxing (formerly Didi Dache) and Kuaidi Dache, has announced that it invested an undisclosed amount in Indian car hire app Ola's latest round of funding along with GIC, Falcon Edge, Tiger Global, and SoftBank China Venture Capital. Read More
Suning.com to Expand Open Platform Beyond 3C
Donews, 6/25/12
Chinese consumer electronics and home appliances retailer Suning's (002024.SZ) e-commerce site, Suning.com, has announced it will expand its open platform in a nationwide campaign beginning in early July with a focus on non-consumer electronics products. Read More
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