[Prior Notice] : MEDIA ALERT: Panasonic at CES 2017

Panasonic will showcase its latest B2B and consumer technologies that enable its B2B and public sector customers to provide smarter, more secure, greener, and more connected experiences to their customers. Cutting-edge consumer solutions designed for “a better life, a better world” will also be on display. Panasonic Press Conference Date & Time: January 4 (Wed.),… Continue reading [Prior Notice] : MEDIA ALERT: Panasonic at CES 2017

TriLumina appoints Brian Wong as President and Chief Executive Officer

November 16, 2016 Albuquerque NM (PRWEB) November 16, 2016 — TriLumina a leading developer of semiconductor laser illuminators for solid-state LiDAR systems that enable autonomous vehicles and new automotive safety systems, announced that Brian Wong has been named as the company’s new President and Chief Executive Officer and as a member of the board of directors. Mr. Wong is an… Continue reading TriLumina appoints Brian Wong as President and Chief Executive Officer

Didi-Backed Bike Sharing Start-Up Ofo Expands To 22 Cities In China

Beijing-based bike sharing firm ofo, which raised US$130 million venture funding last month following a capital injection from Didi Chuxing, has expanded its operations to 22 cities in China and increased total bike count to 160,000. Mobike, backed by Hillhouse Capital, Warburg Pincus and others, entered its fifth city yesterday. Both companies are racing to… Continue reading Didi-Backed Bike Sharing Start-Up Ofo Expands To 22 Cities In China

Panasonic to Partner with Colorado Department of Transportation to Deliver Integrated Connected Vehicle Platform

Joint program targets I-70 Mountain Corridor to Optimize Driver Safety, Roadway Efficiency [embedded content] Denver, Colorado, U.S. – On October 26, 2016, Panasonic, a global leader in smart and sustainable automotive and infrastructure technology solutions, announced that it would partner with the Colorado Department of Transportation (CDOT) to build a connected transportation program in which… Continue reading Panasonic to Partner with Colorado Department of Transportation to Deliver Integrated Connected Vehicle Platform

Didi-Backed ofo Secures $130M Series C As Bike-Sharing Battle Leads To Predictable Ending

A week after bike sharing firm Mobike announced an over US$100 million fundraising, Beijing-based rival ofo said it had secured US$130 million series C financing round led by CITIC Private Equity, Coatue Management and Xiaomi Inc. The drama seems all too familiar: Two companies engaged in competitive fundraising, while trying to outbid each other on… Continue reading Didi-Backed ofo Secures $130M Series C As Bike-Sharing Battle Leads To Predictable Ending

Hillhouse Joins $100M Series C Round In Mobike As Bike Sharing Battle Heats Up

Shanghai-based bike sharing mobile app Mobike has raised over US$100 million in a new round of financing led by Hillhouse Capital and Warburg Pincus, a few days after Didi Chuxing invested tens of millions of U.S. dollars in rival start-up ofo, signaling the pair are ready to embark on an intensive battle to grab market… Continue reading Hillhouse Joins $100M Series C Round In Mobike As Bike Sharing Battle Heats Up

Didi Chuxing Invests In Chinese Bike Sharing Start-Up Ofo

Didi Chuxing has invested tens of millions of U.S. dollars in ofo, an urban bicycle sharing platform, to expand the Chinese ride share giant’s operations into the so-called last mile mobility space. As part the investment, DiDi plans to include ofo bike sharing offerings on its own mobile apps. The two companies did not disclose… Continue reading Didi Chuxing Invests In Chinese Bike Sharing Start-Up Ofo

In Shanghai, A Bike-Sharing Start-Up Discovers Users Don’t Want To Share

Mobike, a Shanghai bike sharing start-up founded by a former Uber manager in the Chinese city, is discovering that some Chinese users like to ride the bike but don’t want to share with others. The company’s mobile app allows users to find the closest bikes, then by scanning a QR code on the bike to… Continue reading In Shanghai, A Bike-Sharing Start-Up Discovers Users Don’t Want To Share

Panda Capital Leads $10M Series B Round In Mobile

Panda Capital has led a US$10 million series B round in Mobike, a Shanghai-based mobile app that allows users to rent bikes for short distance commute, according to Chinese media reports. Joy Capital also participated in the round. Launched in December 2015, Mobike operates its own bike fleet equipped with self developed smart lock and… Continue reading Panda Capital Leads $10M Series B Round In Mobile

Didi And Uber China Ink Landmark Deal To Merge Operations In China

In a landmark deal, Chinese ride share giant Didi Chuxing has agreed to acquire all assets of Uber China, including its brand, business operations and data for operation within China, according to a company announcement. In exchange for the Uber China assets, Uber will receive 5.89% of the combined company with preferred equity interest which… Continue reading Didi And Uber China Ink Landmark Deal To Merge Operations In China