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SMEBiz 10 Jun 2019 | 12:00 AM

China focuses on electric cars

PIECES of an electric car hang from the ceiling of the Chinese real-estate developer’s showroom, evoking an edgy installation at a modern art museum. In reality, they’re a symbol of the nation’s industrial ambitions.

TECH 11 May 2018 | 10:50 AM

Xiaomi sued for alleged patent infringement ahead of blockbuster IPO

Chinese smartphone maker Coolpad Group said its unit has sued three group firms of Xiaomi, which last week filed for a Hong Kong IPO that could be worth up to $10 billion, for patent infringement.

Corporate News 29 Mar 2018 | 8:58 AM

China's Sunac washes hands of embattled Leshi with US$2.6b charge

HONG KONG: Sunac China described as "a failure" its investment in debt-laden Leshi Internet Information & Technology Corp Beijing and said it would book a charge of $2.6 billion, sending shares of the tech firm down as much as 8 percent.

Corporate News 31 Jan 2018 | 5:55 AM

China's Leshi Internet flags US$1.8b loss for 2017

HONG KONG: Chinese video-streaming firm Leshi Internet Information & Technology said it expects a net loss of 11.6 billion yuan ($1.83 billion) for 2017, citing a cash crunch at embattled technology conglomerate LeEco that hurt its revenues.

TECH 25 Jan 2018 | 7:00 AM

Tencent backed super-app emerges to rival its own WeChat

Meituan is the kind of Chinese technology company few people outside the country understand.

Economy 09 Jan 2018 | 12:00 AM

LeEco repays part of China Merchant Bank debt

SHANGHAI: LeEco has repaid HK$807mil (US$103.20mil) of a debt owed to China Merchants Bank and will seek to negotiate with the creditor to secure the release of some of its frozen assets, the wife of the embattled conglomerate’s founder said.

Corporate News 03 Jan 2018 | 12:00 AM

LeEco founder defies Chinese return order, sends family instead

BEIJING: Chinese Internet entrepreneur Jia Yueting (pic) has defied orders from regulators to return home and help a listed technology company he founded resolve crushing debt, saying he needed to stay in the US to work on his electric car startup.

TECH 02 Jan 2018 | 7:25 AM

LeEco founder defies Chinese return order, sends family instead

Chinese Internet entrepreneur Jia Yueting has defied orders from regulators to return home and help a listed technology company he founded resolve crushing debt, saying he needed to stay in the US to work on his electric car startup.

AseanPlus News 27 Dec 2017 | 1:01 PM

Huawei’s China smartphone sales chief detained on corruption charges

Teng Hongfei, sales chief of Huawei’s consumer business in China, taken into custody by public security agents