(ATF) China's Xiaomi Corp plans to make electric vehicles (EVs) using Great Wall Motor Co Ltd's factory, sources have revealed, making it the latest tech firm to join the smart mobility race.The tech firm's stock price jumped as much as 6.7% in early Friday trade after Reuters reported the plan. …
Huawei is in early-stage talks to sell its premium smartphone brands P and Mate, a move that could signal the company’s exit from the high-end smartphone-making business. The talks between the world's largest telecommunications equipment maker and a consortium led by Shanghai government-backed investment firms have been going on for …
China plans to push tech giants including the Ant Group, Tencent and JD.com to share their consumer loan data in an effort to prevent excess borrowing and fraud.The plan, if implemented, would effectively end the government's laissez-faire approach to the industry, sources claim. Up until now, large internet platforms have …
China's Alibaba Group Holding Ltd plans to raise at least $5 billion through the sale of a US dollar-denominated bond this month.It’s claimed the move, which comes amid regulatory scrutiny of co-founder – and now missing-in-action – Jack Ma's empire, could raise up to $8 billion which the e-commerce leader …
HONG KONG/BEIJING; Alibaba Group Holding and Tencent Holdings have each held separate talks with Baidu to acquire a controlling stake in video streaming service iQIYI Inc, people with knowledge of the matter told Reuters.But the discussions have stalled with little hope of recommencing soon as they balk at a valuation …
Huawei plans to sell budget-brand smartphone unit Honor in a 100 billion yuan ($15.2 bn) deal to a consortium led by handset distributor Digital China and the government of its home town of Shenzhen, people with knowledge of the matter have said.The plan comes as US restrictions on supplying Huawei …
HONG KONG: Huawei Technologies is in talks with Digital China Group and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to 25 billion yuan ($3.7bn), people with knowledge of the matter said.Embattled Huawei is resetting its priorities due to US sanctions …
