Companies of China

Senmiao Technology Announces Second Order of 500 Electric Vehicles Under Framework Agreement with BYD

Companies of China, Companies, Electric vehicles, BYD Auto, BYD Company, Minivans
Thursday, January 21, 2021 - 2:00pm

Senmiao also expects to implement services and technology in these vehicles in preparation for ride-hailing activities, including advanced telematics and mapping software.

Key Points: 
  • Senmiao also expects to implement services and technology in these vehicles in preparation for ride-hailing activities, including advanced telematics and mapping software.
  • The order was made pursuant to the previously announced framework agreement with BYD Auto Sales Co., Ltd. for the purchase of BYD manufactured EVs and joint promotion of the use of EVs in China's ride-hailing market.
  • With this second order, Senmiao has ordered 1,000 of the anticipated 5,000 vehicles in 2020-21.
  • Senmiao intends to finance the purchase of these vehicles through a combination of cash on hand along with financing made available to Senmiao through its collaboration with BYD.

iClick's Enterprise Solution Helps KANS Maximize Consumer Lifetime Value

Companies of China, Companies, Services marketing, Customer relationship management, Tencent, Customer lifetime value
Wednesday, January 20, 2021 - 2:00pm

Leveraging iClick's Enterprise Solutions, KANS increased its online consumer retention rate to 86% and purchase rate to 42.7% within just one month.

Key Points: 
  • Leveraging iClick's Enterprise Solutions, KANS increased its online consumer retention rate to 86% and purchase rate to 42.7% within just one month.
  • iClick has helped KANS enhance its consumer relationship management efficiency and optimize consumer lifetime value growth in three main areas:
    Consolidating data from multiple channels, including the brand itself, the Tencent ecosystem, and iClick's proprietary dataset, to precisely formulate real-time, 360-degree consumer profiles in order to efficiently target potential consumers and effectively channel public traffic to the client's private domain.
  • This allows KANS to gain an in-depth understanding of their consumers and create tailored marketing campaigns, which helps increase repurchase rates and enhance consumer stickiness and loyalty.
  • Brands increasingly recognize the value iClick can provide in maximizing customer lifetime value, and we will remain focused on providing even more powerful solutions as we further develop our Integrated Enterprise and Marketing Cloud Platform."

Summer Atlantic Capital Ltd. Completes New Wave of Strategic Agreements Improving Operational Capabilities by Accessing cutting-edge technologies for its JVs

Volkswagen Group, Companies of China, FAW Group, FAW-Volkswagen, Jinan, Volkswagen, Economy of China, Volkswagen Group China
Wednesday, January 20, 2021 - 11:00am

Jinan Minshang IT Co., Ltd.'s proprietary AI enhances a business's efficiency from many aspects including sales, supply chain, and customer service.

Key Points: 
  • Jinan Minshang IT Co., Ltd.'s proprietary AI enhances a business's efficiency from many aspects including sales, supply chain, and customer service.
  • Their platform is currently being used in China in medical, manufacturing, and financial industries in order to maximize customer satisfaction and sales.
  • The main customers of Jinan Minshang Information Technology Co., Ltd. includes FAW Volkswagen, FAW Group, Minsheng Bank and more than 300 logistics enterprises.
  • Summer Atlantic Capital is a Hong-Kong based entity with a sister company, Summer Atlantic China (our private equity group) based in China, and a North American marketing arm, Summer Atlantic US.

Tencent Cloud Supports World Rowing to Deliver Virtual Indoor Rowing Championships to Global Audience

Companies of China, Companies, World Rowing Federation, Rowing, Tencent
Wednesday, January 20, 2021 - 6:00am

LONDON, Jan. 20,2021 /PRNewswire/ -- Tencent Cloud, the cloud business of Tencent, today announced its support to World Rowing, the international governing body of the sport of rowing, to deliver its first-ever 'virtual' sports competition in real-time to rowing athletes from around the world as well as global audience.

Key Points: 
  • LONDON, Jan. 20,2021 /PRNewswire/ -- Tencent Cloud, the cloud business of Tencent, today announced its support to World Rowing, the international governing body of the sport of rowing, to deliver its first-ever 'virtual' sports competition in real-time to rowing athletes from around the world as well as global audience.
  • As the exclusive cloud services sponsor of the virtual "2021 World Rowing Indoor Championships", Tencent Cloud will provide global livestreaming, video-on-demand and other technological support for the event which will take place from 23 to 27 February.
  • We are honored to leverage our expertise on this front to support World Rowing to present its first-ever virtual indoor championships seamlessly to audience worldwide.
  • World Rowing is responsible for the development, promotion and regulation of the sport of rowing and for conducting World Rowing Championships and other world-level rowing competitions across all its disciplines.

Suning International Opens its Logistics Center in Hainan Free Trade Port, Another Step after it Partnered with Hainan Tourism Investment Development

Gulf of Tonkin, HNA Group, Companies of China, Hainan, Sanya, Provinces of China
Tuesday, January 19, 2021 - 12:17pm

Suning International's Hainan eCommerce Operations Center covers an overall area of 300 acres, with 118,000sqm of storage and office space.

Key Points: 
  • Suning International's Hainan eCommerce Operations Center covers an overall area of 300 acres, with 118,000sqm of storage and office space.
  • The facility was deemed one of the key logistics projects of Hainan Province in 2019 and was instrumental to the development of the Hainan Free Trade Port in 2020.
  • Suning's Operations Center provides integrated warehousing and distribution services for merchants on its platform, as well as third-party logistics and transportation services.
  • The opening of Suning International's Hainan eCommerce Operations Center comes following the signing of a strategic partnership between Suning Group, Suning International and Hainan Tourism Investment Development on December 25, 2020 in Sanya, Hainan.

2020-2021 Global Top Brands List Officially Released

Companies of China, Companies, Technology, Smartphones, Haier, Smartphone, Lenovo, Huawei, Hisense, Skyworth
Thursday, January 14, 2021 - 7:17am

Meanwhile, the 2020-2021 Global Top Brands List organized by IDG was unveiled online, grabbing much global attention.

Key Points: 
  • Meanwhile, the 2020-2021 Global Top Brands List organized by IDG was unveiled online, grabbing much global attention.
  • At the event, winners for the "2020-2021 Top 10 CE Brands", "2020-2021 Global TV Brands Top 10", "2020-2021 Global Smartphone Brands Top 15", "2020-2021 Global Smart Connected Device Brands Top 15", "2020-2021 Global CE Brands Top 50" and "2020-2021 International Innovation Enterprises Brand Award", among others, were announced.
  • Haier, Huawei, Changhong, Hisense, Skyworth, Midea, Gree, Lenovo and TCL were among the 2020-2021 Global CE Brands Top 50.
  • As a barometer of the future trends for global CE brands, the Global Top Brands List remains authoritative, professional and trusted.

FOMO’S PURGE VIRUS BUSINESS NOW LIVE ON ALIBABA

Retailing, Alibaba Group, Jack Ma, B2B e-commerce, E-commerce, Companies of China, Industry economics)
Tuesday, January 12, 2021 - 8:27pm

Alibaba Group Holding Limited (NYSE: BABA; https://www.alibaba.com/ ) is the worlds largest B2B e-commerce company with a market capitalization of more than $600 billion.

Key Points: 
  • Alibaba Group Holding Limited (NYSE: BABA; https://www.alibaba.com/ ) is the worlds largest B2B e-commerce company with a market capitalization of more than $600 billion.
  • With the launch, Purge Virus joins the roughly 190,000 Alibaba B2B sellers globally.
  • I view the launch of Purge Virus on Alibaba as a statement win for the PV team and a validation of the business as a real player in the world of e-commerce that is ready to scale.
  • FOMOs business strategy described in this press release is subject to innumerable risks, most significantly, whether the Company is successful in securing adequate financing.

CITIC Telecom CPC Expands ASEAN Points of Presence to support Regional Proliferation of Innovative Technology Businesses and Smart Cities

Companies of China, Computer companies, CITIC Telecom CPC, Companies, ASEAN, CITIC Group, VMware
Tuesday, January 12, 2021 - 2:05am

By further enhancing the footprint and capacity of TrueCONNECT(TM) Hybrid in ASEAN, CITIC Telecom CPC (CPC) is catering to the significantly growing base of Innovative Technology Businesses and Smart Cities being created in the region.

Key Points: 
  • By further enhancing the footprint and capacity of TrueCONNECT(TM) Hybrid in ASEAN, CITIC Telecom CPC (CPC) is catering to the significantly growing base of Innovative Technology Businesses and Smart Cities being created in the region.
  • These new ASEAN gateways in Malaysia and Indonesia underscore our commitment to ASEAN customers and highlight our continued strong SD-WAN partnership with VMware.
  • "A huge percentage of the ASEAN population is digitally savvy," said Mr. Derek Ung, General Manager, Enterprise Sales, CITIC Telecom CPC.
  • With our latest gateway deployment, we want to be ready to serve our customers in ASEAN and those moving to ASEAN."

 BYD Wins the Largest Pure-Electric Bus Order outside of China

Transport, Public transport, Companies of China, Companies, Cars, BYD Company, Berkshire Hathaway, Electric bus, Electric vehicle, Busscar, Compact cars, Sedans, BYD K9, BYD Auto
Tuesday, January 12, 2021 - 2:38am

This is the largest order for pure-electric buses outside of China to date, which sets a new record in sales volume for the overseas pure-electric bus industry.

Key Points: 
  • This is the largest order for pure-electric buses outside of China to date, which sets a new record in sales volume for the overseas pure-electric bus industry.
  • View the full release here: https://www.businesswire.com/news/home/20210111006106/en/
    Like the 470 bus models delivered by BYD to Bogot in December 2020, this batch of 1002 buses also includes 9-meter and 12-meter models.
  • BYD will partner with local bus manufacturers Superpolo and BUSSCAR respectively on the bus body parts.
  • BYD has a market share of over 96.5% in the Colombian electric bus market, and more impressively 99% in Bogota, the capital.

Alibaba Group Holding Limited Investors: Last Days to Participate Actively in the Class Action Lawsuit; Portnoy Law Firm

Alibaba Group, Companies of China, Service companies, Companies, Alipay, Ant Group
Monday, January 11, 2021 - 1:00pm

Investors are encouraged to contact attorney Lesley F. Portnoy , to determine eligibility to participate in this action, by phone 310-692-8883 or email , or click here to join the case.

Key Points: 
  • Investors are encouraged to contact attorney Lesley F. Portnoy , to determine eligibility to participate in this action, by phone 310-692-8883 or email , or click here to join the case.
  • The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors concerning Ant Group.
  • Ant Group, the Hangzhou-based company, a 2010 offshoot of e-commerce giant Alibaba, dominates Chinas payments market via the Alipay app.
  • The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing.