Search Results for:Sijia Jiang

China’s LeEco unit to buy finance business from affiliate for $455m

The move forms part of a restructuring exercise.

Hony Capital-backed VC fund to invest in Hong Kong tech startups

At a time when the financial hub continues to struggle to boost entrepreneurship.

Tencent, Guangzhou Auto agree to collaborate on connected cars

Both will also explore investment in auto-related e-commerce, new energy cars and auto insurance

Confusion persists over China Unicom’s $12b ownership-reforms plan

One investor named by Unicom in the fundraising — rail equipment maker CRRC Corp Ltd — denied involvement in the deal.

HK: Didi Chuxing announces tie-up with Uber’s European rival Taxify

Chinese ride-sharing firm Didi Chuxing said on Tuesday it would invest and collaborate with European ride-sharing firm, Taxify, in a strategic partnership. Taxify, a rival to San Francisco-based Uber Technologies, is an Estonian company founded in 2013 that has 2.5 million users in 18 countries in Europe and Africa. The… Read more »

HK: LeEco’s listed company names Sun Hongbin of Sunac as chairman

Sunac invested 15b yuan in LeEco earlier this year.

Uber to suspend operations in Macau

It is exploring ways to serve the Chinese-controlled territory again

Tencent’s WeChat Pay seeks licence for local payment services in Malaysia

Tencent Holdings Ltd has applied for a license in Malaysia to offer local payment services via its WeChat Pay, in what would be a first for the platform beyond mainland China and Hong Kong, the director of WeChat Pay’s global operation told Reuters. If approved, users in Malaysia will be… Read more »

China: LeEco’s cash troubles ‘far worse than expected’, says chairman

Funds raised by Chinese tech firm not enough to ride out cash crunch.

Tencent steps up AI push with research lab in Seattle

Ex- Microsoft scientist Yu Dong is deputy head of the AI lab unit.