IKEA plans to invest CNY10 billion (USD1.41 billion) in the Chinese market to advance its commercial operations and digitization, it announced today at a press briefing in Beijing at which it outlined its strategy for the next three years. This...
Read moreState Farm and Amazon are both looking for ways to provide additional services to seniors, a big and growing demographic. State Farm’s Alexa skill will provide options such as check-ins and suggested social activities to help family members...
Read moreBYD has made it to Fortune’s Change the World List for the first time, claiming third place, as the Chinese electric carmaker expands its social impact to create a cleaner future of driving. BYD, originally a phone battery maker, produced...
Read moreGoldman Sachs Group has applied to the China Securities Regulatory Commission to raise its shareholding in its securities joint venture Goldman Sachs Gao Hua Securities to 51 percent, a company spokesman confirmed to Yicai Global yesterday. The...
Read morePresident Trump speaks with Apple CEO Tim Cook because he calls him personally rather than hiring consultants to do so, Trump told reporters on Wednesday. Trump also referenced the recent conversation he had with Cook about how the tariffs on...
Read moreAmazon has opened its biggest office in the world in Hyderabad, India. The move comes months after Amazon scrapped plans to open another U.S. headquarters in New York and picked Arlington, Virginia, instead. Amazon on Wednesday launched its...
Read moreChinese internet company Momo has overtaken such big names as Netflix and Amazon.Com to win first place on the ranking Fortune magazine released today of the world’s top three-year performers. The list measures revenue, profits and stock...
Read moreThe 595 Chinese domestic A-share listed companies that released first-half financial reports yesterday logged an aggregate net profit of CNY328 million (USD47 million), up 22 percent from a year ago. Of these, the net profit of 64 increased over...
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Read moreFoxconn Industrial Internet, the Shanghai-listed unit of Taiwanese electronics manufacturing titan Foxconn Technology Group, made CNY5.5 billion (USD779 million) in net profit in the first half of this year and is gearing up for a 5G-related...
Read moreVerizon is selling Tumblr to Automattic, the company that owns WordPress. Verizon inherited Tumblr as part of its 2017 acquisition of Yahoo, which had purchased Tumblr for $1.1 billion in 2013. Verizon is selling Tumblr, the blogging social...
Read moreInternet of Things unicorn Terminus Technologies has secured CNY2 billion (USD283 million) in its C-round fundraising effort, with financial giant and early-stage investor China Everbright leading the series. E-commerce titan JD.Com, voice...
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