Category: News Site

Yidao CEO blames LeEco for cash problems

Yidao CEO blames LeEco for cash problems · TechNode Jan 18, 2018 Dec 26, 2017 Oct 26, 2017 Jan 8, 2018 Dec 21, 2017 Aug 2, 2017 Jan 3, 2018 Dec 1, 2017 Aug 1, 2017 Dec 29, 2017 Dec 1, 2017 Jun 28, 2017

BMW announces record profit for 2016

In terms of sales and profits, BMW achieved record figures last year. However, the core business was weaker for the Group. BMW headquarters in Munich Thursday, 09.03.2017 13:35 clock BMW achieved a record profit last year. The bottom line was the car maker 6.9 billion euros, or eight percent more than last year. This was… Continue reading BMW announces record profit for 2016

Didi Ponders SoftBank-Led $6B Investment As China’s Ride Share Giant Suffers Volume Declines

China’s Uber equivalent Didi Chuxing is considering whether to take a US$6 billion investment backed by SoftBank Group Corp. – which could be the largest private fundraising for an Internet company anywhere, anytime – as the Chinese ride sharing giant suffers volume declines after regulations were rolled out across the country. SoftBank might be investing… Continue reading Didi Ponders SoftBank-Led $6B Investment As China’s Ride Share Giant Suffers Volume Declines

Aston Martin Vanquish Zagato Shooting Brake styling shown in life-size model

Aston Martin‘s Vanquish Zagato Shooting Brake has been shown in a life-sized model ahead of production. The car will be Aston’s Q bespoke division’s first to be specced in the brand’s Q Lounge virtual reality system. Aston revealed the limited-run Vanquish Zagato Shooting Brake in full late last year, following confirmation that the model will go into 99-unit production.… Continue reading Aston Martin Vanquish Zagato Shooting Brake styling shown in life-size model

China’s Didi Launches AI Lab In Silicon Valley, Aims To Lead On Intelligent Driving Tech

The global talent war for top artificial intelligence (AI) talent just intensified, as Chinese ride share giant Didi Chuxing officially launched an AI lab in California to attract top engineering talents to advance transformation in the global transportation industry. The newly established Didi Labs, located in Mountain View, will primarily focus on AI-based security and… Continue reading China’s Didi Launches AI Lab In Silicon Valley, Aims To Lead On Intelligent Driving Tech

Stop Creating Bike Sharing Companies, China!

The following news release left me bewildered. Why can’t businesses in China stop ruining a creative idea? Why must they copy to death and spoil something so innovative?! Yet another bicycle sharing company has been born to launch dockless bikes in Zhuhai and Beijing. The company, named getb, claims to be the “world’s first versatile,… Continue reading Stop Creating Bike Sharing Companies, China!

Temasek Invests In Mobile To Bring 2017 Total Funding To $300M For Bike Share Firm

Chinese bike sharing company Mobike has received new strategic investment from Singapore’s state investment firm Temasek Holdings and existing investor Chinese investment firm Hillhouse Capital to raise a total of over US$300 million since the start of 2017, a tremendous feat for a start-up with actual operation time of less than one year. In January,… Continue reading Temasek Invests In Mobile To Bring 2017 Total Funding To $300M For Bike Share Firm

China’s Didi Sued For Talent Poaching By Alibaba-Owned AutoNavi

Chinese mapping company AutoNavi Holdings Ltd., owned by Alibaba Group Holdings Ltd., has sued Didi Chuxing for unfair competition, alleging the ride-sharing company poached eight veteran engineers from its team and asking for RMB75 million (US$10.9 million) in damages, according to court documents. AutoNavi said that one senior manager and six engineers with knowledge of… Continue reading China’s Didi Sued For Talent Poaching By Alibaba-Owned AutoNavi