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Alibaba Group Holding Ltd. used to dominate the technology scene in China, but that is no longer the case since Thursday, when Tencent drove up from the rear to take over technology markets in China. The title of “China’s most valuable technology company” now goes to Tencent, and it appears to be a titled well-deserved…
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Tesla Motors Inc grabbed our attention a few times this week. The electric car giant — soon to be energy giant, by the looks of things — was in no way lacking in news coverage over the last few days. Wall Street is unanimously upset with the company’s pending SolarCity buyout. The the public may have…
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McDonald’s Corporation is looking to sell its stores in China and Hong Kong. The U.S. good food company plans to team up with local partners who would own the restaurants within a franchise business. Citing sources, Reuters reported that more than six bidders including Beijing Tourism Group, Sanpower and ChemChina have submitted their offers to the fast…
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Fuze Entertainment, a startup founded by Wang Feng, has developed a new low-cost Android-powered gaming console for the Chinese market. Wang, a local entrepreneur in China, believes that, being a local company, Fuze can outperform Sony Corp (ADR) and Microsoft Corporation in PC and mobile gaming obsessed China, where the two companies are struggling to gain market share. Wang’s Fuze…
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Tesla Motors Inc is setting up to make its much-loved Model X ready for sale in China. Reports say the People’s Republic can expect to see the SUV’s availability sometime later this month. China will have three versions of the car to chose from. There will be the Model X 90D and the Model X…
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Tesla Motors Inc has shown tremendous interest in gaining a strong foothold in the Chinese auto market. China has the potential to become one of the biggest markets for electric vehicles both short and long term. China is an enormous market with a population of about 1.3 billion people and its cities are polluted with the soot, smog,…
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Tesla Motors Inc announced a special offer for a limited time for its Chinese customers. The US firm is offering a zero-interest loan for the higher-end version of the Model S in China. The EV firm has partnered with the China Merchants Bank to offer the loans, calling them a “New Year Gift.” The Chinese…
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Tesla Motors Inc CEO Elon Musk, who will be participating in a Hong Kong technology forum this week, is discussing the firms performance in Greater China. Musk told Engadget that his firm faced some hiccups initially, but now it is performing “reasonably well” in Mainland China. However, he did not reveal any specific sales figures to support his…
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Apple Inc. continues to bet big on China. It did so last year, and is doing so this year also. The US firm will open its 29th retail store in Shenyang – capital city of Liaoning – on January 9. The store will be in the MixC shopping mall at 288 Qingnian Street in Shenyang’s…
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Alphabet Inc president Sergey Brin said that parent firm may do business with China following the reorganization. Brin told the WSJ that each unit is allowed autonomy in the new organisational structure. Each unit to decide for itself Brin told the WSJ that each unit under Alphabet will be allowed to decide for itself the…
