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2 weeks ago | 
buff.ly | Dou Shicong
(Yicai) June 12 -- The world's first humanoid robot dealership is set to open in Beijing this August, featuring an initial lineup of 10 confirmed brands, including Ubtech Robotics and AgiBot, Xinhua News Agency reported today. Even the Beijing Humanoid Robot Innovation Center, also known as X‑Humanoid, has signed an agreement with the pioneering 4S dealership located in a dedicated industrial park in Yizhuang, Beijing's growing robotics hub.
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2 weeks ago | 
buff.ly | Dou Shicong
(Yicai) June 11 -- China’s wrist-worn device market, which includes smartwatches and fitness bands, soared 38 percent in the first quarter from the same period last year, far outpacing global growth, thanks to the government’s consumer goods trade-in program, according to the latest research. Sales of wrist-worn devices soared 38 percent in the three months ended March 31 from a year earlier to 17.6 million units, according to a report released by US market research firm IDC today.
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2 weeks ago | 
buff.ly | Dou Shicong
(Yicai) June 11 -- Authentic Brands Group, the owner of over 50 global consumer brands, including Reebok and Champion, plans to introduce more brands and product categories in China to expand its local business, according to a report citing the US firm's chief executive.
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2 weeks ago | 
buff.ly | Dou Shicong
(Yicai) June 10 -- Shares of Seazen Group surged after the property developer was reported to be planning to issue between USD250 million and USD300 million in US dollar bonds, marking the first overseas bond issuance by a Chinese private real estate firm in recent years, following a prolonged industry credit crunch. Seazen [HK: 1030] closed 7.2 percent higher at HKD2.24 (US 30 cents) in Hong Kong today, representing a nearly 23 percent year-to-date uptick.
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2 weeks ago | 
yicaiglobal.com | Dou Shicong
(Yicai) June 10 -- Shanghai Electric said it would put the first phase of its large-scale green methane production project, the first such project in China, into operation next month, with French shipping giant CMA CGM to receive all the methane to speed up global carbon neutrality efforts.
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3 weeks ago | 
yicaiglobal.com | Dou Shicong
(Yicai) June 4 -- Visu Autotech, a Chinese provider of automotive thermal management solutions, has secured CNY250 million (USD34.8 million) in strategic investment from firms including carmaker Dongfeng Motor Group to advance breakthroughs in electric vehicle technologies. The financing round was co-led by the state-owned auto giant's equity investment platform and insurance behemoth China Life Insurance’s private investment arm, the Ningbo-based target firm announced today.
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3 weeks ago | 
yicaiglobal.com | Dou Shicong
(Yicai) June 4 -- Chinese wind power giant Sany Renewable Energy has signed a clean energy supply agreement in Serbia to construct a wind power plant in the eastern European country. The wind farm will be located in the northeastern city of Alibunar and generate 480 million kilowatt-hours a year, the Beijing-based company announced today. The firm recently inked a power purchase deal and a contract for difference for the project, it added.
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3 weeks ago | 
buff.ly | Dou Shicong
(Yicai) June 4 -- Chinese wind power giant Sany Renewable Energy has signed a clean energy supply agreement in Serbia to construct a wind power plant in the eastern European country. The wind farm will be located in the northeastern city of Alibunar and generate 480 million kilowatt-hours a year, the Beijing-based company announced today. The firm recently inked a power purchase deal and a contract for difference for the project, it added.
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3 weeks ago | 
yicaiglobal.com | Dou Shicong
(Yicai) June 3 -- Shares in Haichang Ocean Park Holdings plummeted today after the struggling Chinese theme park operator said it plans to issue heavily discounted new shares to bring cultural tourism investment firm Sunriver Holding Group on board as its largest shareholder. Haichang’s share price [HKG:2255] plunged 13.1 percent to close at HKD0.73 (USD0.09), giving it a market capitalization of HKD5.9 billion (USD752 million).
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1 month ago | 
yicaiglobal.com | Dou Shicong
(Yicai) May 28 -- D-Robotics, a one-year-old robot chip spinoff from Chinese autonomous driving firm Horizon Robotics, has completed a USD100 million Series A funding round to support China’s push into embodied artificial intelligence. The round attracted major investors, including mainland-based GL Ventures (a subsidiary of private equity giant Hillhouse), 5Y Capital, and Linear Venture, the Shenzhen-based startup announced today.
