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LeSEE Poaches New Executives From Volkswagen

William Ding, LeSEE’s co-founder, global vice president, and China and Asia Pacific CEO, recently confirmed his departure from LeSEE on Weibo. At the same time, LeSEE announced that LeSEE China’s president and chief operating officer Zhang Hailiang will be LeSEE’s global chief executive officer, effective immediately. Meanwhile, Niu Shengfu formally ...

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AirAsia buys 50% stake in travel planning startup Touristly for $2.6M

AirAsia, the budget airline for Southeast Asia that’s headquartered in Malaysia, isn’t commonly associated with startup investments, but today the company announced that it has bought a 50 percent share in trip planning service Touristly in a deal worth MYR 11.5 million, or $2.6 million. The deal will see AirAsia CEO Tony Fernandes join the ...

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China Mobile Achieved CNY708.4 Billion Operating Revenue In 2016

In 2016, China Mobile realized operating revenue of CNY708.4 billion, a year-on-year increase of 6%. Its earnings before interest, taxes, depreciation and amortization were CNY256.7 billion, a year-on-year increase of 6.9%; and its net profit was CNY108.7 billion, a slight increase of 0.2% compared with the same period of previous ...

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Baidu Sees Opportunity With xPerception For Machine Vision Development

Chinese search engine company Baidu announced plns to fully acquire American technology company xPerception. xPerception focuses on machine vision software and hardware solutions. It provides visual perception software and hardware solutions for a range of applications, including robotics, virtual reality, and devices for people who are visually impaired. With the ...

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Pressured by Euronet, Ant Financial amps up bid for Moneygram

A Moneygram logo is seen outside a bank in Vienna, Austria. Source: Reuters CHINA’S Ant Financial has raised its offer for electronic payment firm MoneyGram International Inc. in a deal unanimously approved by the US firm’s board, outbidding rival Euronet Worldwide Inc. Ant, the finance affiliate of Alibaba Group Holding ...

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