Chinese technology and entertainment company LeEco staged a showy US debut Wednesday, but its presentation raised as many questions as it answered. At an event in San Francisco, LeEco said it would begin selling smartphones and smart TVs in the US on November 2. But Chief Executive Jia Yeuting said in an interview that only […]
Category: Tech, Media & Telecom
China’s richest man is looking to court Hollywood studios with a new movie metropolis in the coastal city of Qingdao that will subsidize their production costs to the tune of $150m a year, according to the Financial Times. The studio complex adds to a sprawling entertainment empire assembled by Wang Jianlin, chairman of Dalian Wanda. […]
China launched its longest manned space mission on Monday, sending two astronauts into orbit to spend a month aboard an space laboratory that is part of a broader plan to have a permanent manned space station in service around 2022, Reuters reports. The astronauts will dock with the Tiangong 2 space laboratory, or “Heavenly Palace […]
Caixin reports China’s State Council and the nation’s financial regulators have issued a sweeping set of plans to tackle risk and outright fraud in the booming Internet financing industry, in which consumers have been swindled out of billions of yuan. The plans include more detailed guidelines to increase supervision of the online financing industry, including […]
China’s nascent bike-sharing industry has attracted the attention of big-name venture capital investors with four startups attracting well over $200 million in recent weeks. Wang Xiaofeng, founder and CEO of Mobike, told Caixin on Thursday that his firm had secured investments from Tencent Holdings and US private equity firms Warburg Pincus and Sequoia Capital. Bloomberg […]