Newsflashes | EqualOcean

Sept 18/ Monday

Sept 14/ Thursday

06:54 PM
Consumer Staples, Communication, Consumer Discretionary
DHGate Launches DHmogo, a New Cross-border E-commerce Platform for Pan-household

DHGate, a B2B cross-border e-commerce trading platform, will launch a new pan-household e-commerce platform DHmogo. The first merchant recruitment meetings will be held in Shenzhen on September 20. With no entry fees and billions of exclusive traffic resources and official logistics support, the freshnew platform is designed to benefit all the initial settlers. In the future, DHmogo will collaborate with high-quality merchants to tap into the trillion-dollar European and American household markets and bring more Chinese brands to the world.

Consumer Staples, Communication, Consumer Discretionary

Sept 13/ Wednesday

06:18 PM
Consumer Staples, Communication
TikTok Officially Launches E-commerce Marketplace Service in the US

TikTok announced on September 12, EST that it had officially launched its e-commerce service TikTok Shop in the United States. Previously, TikTok Shop had conducted several months of testing among its American user base . This new service, in addition to offering short videos and live shopping, introduces a range of services for merchants and creators, including product showcase pages, storefronts, and the "Alliance Program" connecting businesses with creators. At the same time, TikTok Shop has also launched the "Fulfilled by TikTok" program, which helps merchants in storing, selecting, packaging, and delivering products, as well as a secure payment system developed in collaboration with third parties.

Consumer Staples, Communication

ByteDance

Sept 12/ Tuesday

04:28 PM
Industrials, Automotive
New Energy Vehicle Sales Up 27% in August 2023

Data from China Association of Automobile Manufacturers (CAAM)" official account shows that in August 2023, driven by national consumption promotion policies and preferential promotions by automobile enterprises, the demand for car purchases kept increasing, and the overall production and sales of the automobile market recovered. Automobile production and sales marketing in August amounted to 2.575 million units and 2.582 million units respectively, up 7.2% and 8.2% sequentially and 7.5% and 8.4% year-on-year respectively. Meanwhile, new energy vehicles (NEVs) production and sales amounted to 843,000 units and 846,000 units respectively, up 4.7% and 8.5% sequentially and 22% and 27% year-on-year, with a market share of 32.8%.

Industrials, Automotive

Sept 11/ Monday

Sept 6/ Wednesday

12:03 PM

Alibaba Cloud Eyes Private Funding from State Firms Ahead of Hong Kong IPO

Alibaba's stock rose by 3.3% to ¥93.15 on 5 September. According to Bloomberg, Alibaba's cloud business division is contemplating private financing from Chinese state-owned enterprises in preparation for its potential Hong Kong listing. Source familiar with the matter suggests that Alibaba Cloud might seek to raise approximately CNY 100 billion to CNY 200 billion (approximately USD 13.6 billion). Potential investors may include state-owned telecommunication companies. Spokespersons from China's three major state-owned telecom operators did not respond to requests for comment. It's noted that the financing considerations are still in the preliminary stages, with details like timing, scale, and amount remaining uncertain and subject to future adjustments.

Alibaba Cloud

Jun 26/ Monday

05:28 PM

DeepBlue Technology Unveils Silicon-Based Knowledge Grand Model for Personal Digitalization at China International Big Data Industry Expo

On June 20, 2023, DeepBlue Technology (Shanghai) Co., Ltd (Chinese: 深兰科技上海有限公司) launched the large language model SaaS platform - DeepBlue Silicon Brain SaaS platform. Chen Haibo, Founder and Chairman of DeepBlue Technology, introduced that the silicon-based large knowledge model not only uses public datasets, but also accumulates 40TB original corpus independently, while generating 10-100G high-quality corpus for model iteration, and finally trains 7B big model. The essence of the SaaS platform is to provide customers with a set of quick methods to create enterprise-level "super intelligent assistants", and to form this set of methods into SaaS services.

Jun 19/ Monday

11:14 AM

J&T Express Submits a Prospectus for Listing on the Hong Kong Stock Exchange

On June 16, the public announcement on the website of the Hong Kong Stock Exchange showed that J&T Express (Chinese: 极兔速递) had submitted a prospectus for listing on the Hong Kong Stock Exchange. The main body of the listing is called J&T Global Express Limited (Chinese: 极兔速递环球有限公司). According to the prospectus, in 2022, J&T Express had a market share of 10.9% with 12 billion express parcels, and an operating loss of approximately USD 606 million, USD 1.647 billion and USD 1.39 billion from 2020 to 2022, respectively. Among J&T Express's group of shareholders, SF Express holds about 1.54% of the total shares.

Jun 13/ Tuesday

02:54 PM

ED Issues Notices to Xiaomi, 2 Senior Executives for FEMA 'Violations' of Rs 5,551 Crore

The Enforcement Directorate (ED) on June 9 said it has issued show-cause notices to the Indian arm of Chinese mobile phone manufacturer Xiaomi, its chief financial officer and director Sameer B Rao, former managing director Manu Kumar Jain and three foreign banks for alleged violations of the foreign exchange law to the tune of more than Rs 5,551 crore (USD 680 million). The Adjudicating Authority (of the Foreign Exchange Management Act) has issued the notices to Xiaomi Technology India Private Limited, the two executives, the CITIbank, the HSBC bank and the Deutsche Bank AG under section 16 of the FEMA, the federal agency said in a statement.

Jun 5/ Monday

10:49 AM

Huawei Announces the Upcoming Release of "Pangu Chat", Mainly for ToB/G Government and Enterprise Clients

Recently, Huawei Investment & Holding Co., Ltd. (Chinese: 华为投资控股有限公司, hereinafter referred to as "Huawei") announced the upcoming launch of "Pangu Chat" (Chinese: 盘古Chat), a multimodal product with a model size of 100 billion parameters, which aims to serve as a direct benchmark for ChatGPT. The upcoming release of the product is anticipated to undergo internal testing at Huawei Developer Conference 2023 (Cloud) scheduled for next month. The primary target audience for this product will be ToB/G government and enterprise clients. According to statement from Zheshang Securities Co., Ltd., the team at Huawei utilized over 2,000 units of the Ascend 910 chip and dedicated a period of over two months to train the Pangu model's 100 billion parameters. The Huawei Developer Conference 2023 (Cloud)

May 8/ Monday

06:52 PM

QingSong Health and Volcano Engine Join Hands to Launch First AIGC Doctor-Patient Interaction App

QingSong Health (Chinese: 轻松集团·轻松健康), a leading Chinese online health insurance technology platform, joined hands with ByteDance's cloud service Volcano Engine, to implement the first AIGC-based doctor-patient interaction application. With the aim of building a comprehensive and solid "protective cover" for each family, QingSong Health has established a trusted set of whole lifecycle health management system, tackling the aging of the population. The launch of this AIGC audio and video doctor-patient interaction application will further optimize the experience of doctor-patient interaction in social security, medical care, and nursing care for elderly people. Volcano Engine provides intelligent solutions owing to ByteDance and helps with the implementation of the launch.

Apr 23/ Sunday

11:24 AM

Chinese Contact Center Solution Provider Sobot Technologies

Sobot Technologies (Chinese: 智齿科技), a Beijing-based customer service software provider, held a strategic summit on April 20 with the theme of “New Contact Makes the World Borderless” in Shenzhen. Yi Xu, co-founder and CEO of Sobot Technologies, officially launched the "3I-strategy", that is , integration, intellectualization and internationalization. The company also completed the brand upgrade with a brand new logo. Founded in 2014 and headquartered in Beijing, Sobot Technologies positioned itself as a software-as-a-service (SaaS) company, whose key offering is in-house developed customer contact solutions. Up to now, Sobot Technologies has established cooperation with OPPO, TINECO, HP, OPAY, DFS, Blued and a slew of other top clients.

Mar 31/ Friday

12:34 PM
Consumer Discretionary
BGI Genomics: Net Profit Achieves CNY 803 Mn in 2022, Down 45.06% YoY

BGI Genomics (300676:SH) disclosed its annual report on March 30, with a revenue of CNY 7.046 billion in 2022, up 4.14% year on year and a net profit of CNY 803 million, down 45.06%. Basic earnings per share (EPS) is CNY 1.96. The profit distribution plan approved by the Board of Directors is as follows: a cash dividend of CNY 10 (including tax) for every 10 shares to all shareholders based on 413,914,325 shares, a bonus of 0 shares (including tax) and an increase of 0 shares for every 10 shares to all shareholders from the capital reserve.

Consumer Discretionary

Mar 29/ Wednesday

09:33 AM

Tencent to Sale Sanook.com 100%, Sources Said

Chinese tech giant Tencent wants to sale its wholly owned subsidiary Sanook Online, a leading Thai web portal, sources said. Sanook started in 1998 as a Thai-based web directory and gradually developped into an all-inclusive entity with businesses ranging from web portal (Sanook.com), news portal (NoozUp), music-streaming (JOOX), IM (WeChat), and e-commerce (Sabuy). Previously in 2016, Tencent has branded it to Tencent (Thailand). Sanook's revenue continued to recover from THB 118 million in 2020 to THB 190 miilion in 2022, with a stable monthly-active-user (MAU) at 30 to 40 million. Moreover, the loss in the past 2022 was THB 19 miilion, due to a higher shared cost allocated to Sanook due to JOOX termination. However, 2023 is expected to be profitable, sources said.

Sept 26/ Tuesday

SPIC Smart Energy Corporation and Tencent Cloud Officially Signs a Strategic Cooperation Agreement

SVOLT is Poised to Ship 1.6 Million Units Domestically this Year

Sept 23/ Saturday

China's Outbound Non-financial Direct Investment Increased 18.8% YoY

Sept 20/ Wednesday

Chinese Insurtech QingSong Health Marks 9th Anniversary with Bold Steps Towards a Healthier China

Sept 18/ Monday

4Paradigm Initiates IPO Today and Targets HKSE on September 28

Electric Vehicles to Account for Two-thirds of Global Vehicle Sales by 2030

Sept 14/ Thursday

DHGate Launches DHmogo, a New Cross-border E-commerce Platform for Pan-household

Sept 13/ Wednesday

TikTok Officially Launches E-commerce Marketplace Service in the US

Sept 12/ Tuesday

New Energy Vehicle Sales Up 27% in August 2023

Sept 11/ Monday

Tesla Announces Global Supercharger Network Surpasses 50,000 Units

The Oncoming Carbon-neutral Economy Calls for Up to CNY 40 Bn Investment to Secure the Future

Sept 6/ Wednesday

Alibaba Cloud Eyes Private Funding from State Firms Ahead of Hong Kong IPO

Jun 26/ Monday

DeepBlue Technology Unveils Silicon-Based Knowledge Grand Model for Personal Digitalization at China International Big Data Industry Expo

Jun 19/ Monday

J&T Express Submits a Prospectus for Listing on the Hong Kong Stock Exchange

Jun 13/ Tuesday

ED Issues Notices to Xiaomi, 2 Senior Executives for FEMA 'Violations' of Rs 5,551 Crore

Jun 5/ Monday

Huawei Announces the Upcoming Release of "Pangu Chat", Mainly for ToB/G Government and Enterprise Clients

May 8/ Monday

QingSong Health and Volcano Engine Join Hands to Launch First AIGC Doctor-Patient Interaction App

Apr 23/ Sunday

Chinese Contact Center Solution Provider Sobot Technologies

Mar 31/ Friday

BGI Genomics: Net Profit Achieves CNY 803 Mn in 2022, Down 45.06% YoY

Mar 29/ Wednesday

Tencent to Sale Sanook.com 100%, Sources Said