Market & Industry
Baoneng reportedly acquires stake of Changhe Suzuki
Baoneng reportedly acquires stake of Changhe Suzuki

On May 21, Baoneng Group has assigned a team to enter into the base of Changhe Suzuki in Jiujiang, Jiangxi Province. In addition, Baoneng has reportedly determined to acquire stakes of Changhe Suzuki, but it hasn’t disclosed the news yet by far.

May 24 , 2018
Tencent WeChat to develop voice-driven version for vehicle use
Tencent WeChat to develop voice-driven version for vehicle use

Chinese Internet giant Tencent is developing a voice-driven version of its prevalent social application WeChat for vehicle use, Ma Huateng, Tencent’s CEO, revealed at the Tencent Cloud Summit in Guangzhou on May 23.

May 24 , 2018
Huatai Securities becomes 22.86% shareholder of Chery Holding
Huatai Securities becomes 22.86% shareholder of Chery Holding

Huatai Asset Management became the new shareholder of Chery Holding. Meanwhile, the registered capital of Chery Holding has increased to 4.2784 billion from 3.3 billion, according to local media.

May 24 , 2018
Didi rumored to launch HK IPO, increase valuation up to $80 billion
Didi rumored to launch HK IPO, increase valuation up to $80 billion

Chinese ride-hailing giant Didi Chuxing will reportedly begin the process of becoming a public-listed company as early as the second half of this year and initially chooses to be listed in Hong Kong (HK) stock market, according to a HK media.

May 23 , 2018
BMW-Great Wall Motor JV said to be located  in Changzhou
BMW-Great Wall Motor JV said to be located in Changzhou

The joint venture of Great Wall Motor (GWM) and BMW will reportedly be located in Changzhou. According to local media, GWM has conducted recruitment secretly in Changzhou recently, saying the employees will work at Jintan District, Changzhou.

May 23 , 2018
Chery Auto EV sales skyrocket 188.63% year on year
Chery Auto EV sales skyrocket 188.63% year on year

Chinese automaker Chery Auto delivered a total of 60,592 vehicles in April, jumping 17.5% year on year, according to the data released by China Association of Automobile Manufacturers (CAAM).

May 23 , 2018