Month: November 2020
Baidu inked $3.6B deal for live-streamer YY Live
Baidu Inc announced on Tuesday it will acquire Joyy Inc’s video-based entertainment livestreaming business in China for $3.6 billion in cash, a move that will mark the search engine giant’s latest foray into…
Audi speeds toward achievable goal of becoming carbon-neutral in China
Globally, Audi is striving to reduce its carbon footprint by around 30 percent in just five years and wants to achieve net zero carbon emissions throughout the company by 2050. By 2022, Audi…
Double 11 2020: Tmall + JD GMV exceeded US$87 bn in the first half hour of Nov 11
Alibaba Taobao kicked off its Double Eleven Global Shopping Festival (“Double 11”), the largest annual shopping festival in China, on 21 October 2020 with new innovations and features to meet rapidly changing consumer…
Ant Group’s IPO: Better late than wrong
When investors learnt about the suspension of Ant Group’s initial public offering in both Shanghai and Hong Kong, they were only some 36 hours away from the world’s biggest IPO. Though some parties…
Major cities in China recorded strong GDP growth in first three quarters
Among 31 provinces, cities and autonomous regions in China, 26 have posted strong economic recovery with GDP registering positive growth by Nov 1. In the first three quarters, residents’ per capita wage income…