Lufax seeks HK IPO valued at 60 billion U.S. dollars in April: media -- Shanghai Lujiazui International Financial Assets Exchange Co., Ltd. (Lufax), China's largest online wealth management platform, is seeking an IPO in Hong Kong in April, valued at 60 billion U.S. dollars，HK media reported recently. Lufax planned to submit an IPO application in late January, according to the report.
Volvo Trucks to start selling electric trucks in 2019 -- Volvo Trucks would start selling electric medium-duty trucks in Europe in 2019, the company said January 22 in a statement."Electro mobility is fully in line with Volvo Truck's long term commitment for sustainable urban development and zero emissions," president of Volvo Trucks Claes Nilsson said.
ZTE likely to launch 5G smartphone in USA in 2019 -- Leading Chinese mobile devices provider ZTE Corporation is expected to launch 5G smartphones in about one year, said Cheng Lixin, CEO of ZTE USA.ZTE will launch its new device in the USA in late 2018 or early 2019, or may change the launch plan according to the layout of 5G network and the supply of necessary chips, according to Cheng.
Bank of Beijing opens branch to support Xinjiang's cultural, creative industries-- The Bank of Beijing has recently opened a branch in Urumqi, capital of northwest China's Xinjiang Uygur Autonomous Region, aimed at supporting the development of the local cultural and creative industries. The branch is the first in the region to specifically provide financial services for small and micro-sized cultural and creative enterprises.
Tencent, Google sign long-term patent cross-licensing agreement -- Chinese tech giant Tencent announced January 19 it has signed a long-term patent cross-licensing agreement with Google, covering a broad range of products and technologies. Both companies are open to future deeper collaboration on innovative technologies, according to the agreement.
China's ride-hailing giant DiDi pledges to think big in Brazil -- Chinese ride-hailing giant DiDi has taken steps to grow its business in Brazilian markets, where the company acquired a home-grown counterpart called 99 earlier this month."DiDi and 99, two young companies founded in 2012, are going to do bigger things together," DiDi's founder and CEO Cheng Wei recently told Brazilian executives and employees following the sale.
Ctrip launches online platform to offer enterprises customized travel services -- Chinese online travel agency giant Ctrip launched the country's first online tourism customization service platform for enterprises January 18, as more companies travel at home and overseas for business or team-building. On the platform, enterprises will enjoy customized services from over 4,000 professionals who will design tourism packages to cater to their specific demands.
China' leading e-commerce company JD.com opens office in Paris -- JD.com, Chinese leading e-commerce company, on January 22 announced it had opened an office in Paris "to develop its French brand portfolio and ...ramping up its European presence." Calling the Paris office as "an important milestone," the Chinese firm said "a French presence will give the company an in-depth understanding of the development ambitions of its French partners, who are looking to access the 266.3 million active Chinese consumers on JD.com."
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