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Jason Booth

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Homepage: https://www.chinamoneynetwork.com

China’s tech giant Baidu Inc.  (NASDAQ: BIDU) is planning to dispose of a majority equity stake in financial service business, the company announced today when releasing its first quarter financial results. The company said total assets of RMB47.0 billion (US$7.5 billion) and total liabilities of RMB41.2 billion (US$6.6...

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Didi Chuxing is already a rival with Meituan Dianping in China’s increasingly crowded car ride-sharing and bike-sharing markets. Now they appear to be in a race to see who can launch an initial public offering first. According to reports, ride-hailing leader Didi is talking with bankers about...

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China has released its first national guidelines on road tests for autonomous vehicles, a key step in a wider effort to promote development of the technology. The U.S., which is currently well ahead of China in terms of AV testing, currently depends on...

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Chinese social media-based e-commerce firm Pinduoduo is reported to have raised a US$3 billion investment round led by Tencent Holdings, at a valuation of US$15 billion. The news, reported by Chinese local media, could not be confirmed at time of publication. Pinduoduo allows users to participate in group...

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An earlier version of this story first appeared on Trubune Intereactive.  The long-predicted China-U.S. trade war is here. The U.S. government under Donald Trump on Tuesday listed US$50 billion worth of Chinese exports that could be hit with 25% tariffs, ranging from electric cars to education material...

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Tencent Holding Ltd. appears to be making good on its promise to compete against rival Baidu in the field of autonomous vehicles. The prototype of an autonomous vehicle believed to belong to the Chinese internet giant appeared on Beijing’s Fourth Ring Road on Monday, according to eyewitness...

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iQiyi, Inc., the online-video unit of Chinese tech giant Baidu Inc. fell sharply in its first day of trading on the Nasdaq Thursday, falling 13.61% to close at US$15.55, versus its IPO price of US$18. The decline came despite a strong performance by other tech companies on...

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Chinese online video streaming company Bilibili Inc. launched on the Nasdaq market Wednesday, having raised roughly US$483 million at a valuation of more than US$3 billion. It marks the fourth Chinese company to list shares in the U.S. in a week, raising close to a billion dollars...

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Beijing has issued its first licence for testing autonomous vehicles on city roads, just days after the first known fatal accident involving an AV and a pedestrian in the U.S. Baidu Inc. received a temporary licence to operate AV’s on 105 kilometers of...

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China’s troubled airline-to-hotel conglomerate HNA Group is planning to sell "part or all" of its US$1.4 billion stake in U.S. hotel company Park Hotels & Resort Inc., according to a regulatory filing by the hotel chain. "The Reporting Persons have determined to pursue...

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