Company Updates
Some of the leading grain enterprises in Shanxi have teamed up with e-commerce giants to promote millet products from the province, as an effort to make agricultural products, in addition to the robust coal output, another economic pillar for the area.
Chinese internet search giant Baidu Inc reported its total revenues reached 26.0 billion yuan ($3.93 billion), an increase of 32 percent year-on-year in the second quarter of this year, while mobile revenue represented 77 percent of total net revenues, compared to 72 percent for the same period last year.
Daimler AG is furthering its partnership with China's internet giant Baidu Inc in automated driving and connected vehicles, consolidating their cooperation in aspects that are believed to be the future of the automotive industry.
A deal between Chinese bike-sharing startup Ofo and its potential buyer ride-hailing giant Didi Chuxing was stuck in a stalemate as the latter was only offering $1.5 billion and continued to lower the price, according to a report by online technology media platform 36Kr.
Chinese tech company Xiaomi Corp has unveiled a new smart air conditioner in its latest effort to expand its smart product portfolio, but industry insiders warned traditional home appliance manufacturers have the upper hand and richer experience in their own sector.
Mainland stock exchanges and the Hong Kong stock exchange have reached an agreement on adjusting Stock Connect inclusion arrangements for the Hong Kong listed firms with dual-class share structures, sending Xiaomi shares surging.
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