CHINA > US based Walmart and China based JD.com are set to invest $500 million in Chinese online grocery delivery company Dada-JD Daojia

Walmart logo US based Walmart and China based JD.com are set to invest $500 million in Chinese online grocery delivery company Dada-JD Daojia, the company formed through the merger between JD Daojia and Dada Nexus. JD Daojia is JD.com’s online to offline business while Dada Nexus is a large crowd sourcing delivery platform in China which has operations in more than 400 More …

CHINA > US based Tesla is set to build a massive car factory in Shanghai, China with $5 billion investment

tesla logo Signing agreements with Chinese authorities, US based Tesla’s Chief Executive Elon Musk is set to open a China car factory in the city of Shanghai. Giving access to the biggest car market in the world, the China factory is expected to have an annual capacity of 500,000 cars. Having a production unit is particularly beneficial in China as tariff in More …

CHINA > Spain based SEAT is set to team up with Volkswagen Group China and JAC

seat logo SEAT is teaming up with Volkswagen Group China and Anhui Jinghuai Automobile Group Corp, Ltd (JAC) in China. SEAT signing of the Memorandum of Understanding and becomes a shareholder of JAC Volkswagen which will also include the introduction of the SEAT brand in the Chinese market targeting 2020-2021. SEAT will also actively participate in the creation of an R&D center More …

CHINA > Israel based IncrediBuild is set to open office in Chengdu, China

incredibuild logo Due to surge in local demand, Israel based IncrediBuild Software is set to open office in Chengdu, China. This is the second expansion of IncrediBuild into Asia followed by its expansion in Japan in 2016. Empowering 150000 global users to release faster, by accelerating compilations, testing and any other development process, IncrediBuild customers in China include the country’s largest telecom More …

CHINA > Germany based VW Group is investing $18 billion into Chinese Joint Ventures for Automotive Technology

VW logo To seek a competitive edge in producing battery- powered, autonomous vehicles, Volkswagen AG is set to invest $18 billion in China over the next five years. According to Chief Executive Officer of VW, Herbert Diess who recently replaced previous VW CEO Matthias Mueller: “We need to speed up. Change is getting faster, more dynamic and more ambitious, especially here in More …

CHINA > Germany based Thyssenkrupp Elevator opens a new plant and test tower in Zhongshan City, China

thyssenkrupp logo   Marking a major milestone in the company’s ambition, Thyssenkrupp Elevator opens its newest plant and test tower in Zhongshan City, China. Inaugurating the world’s highest elevator test towers in Zhongshan, China, Andreas Schierenbeck, CEO at thyssenkrupp Elevator said the following: “It is always our ambition to be close to our customers, and the testing process is important to ensure More …

CHINA > US based Cargill invests more than $15 million to add a piglet feed production line at its existing facility in Tianjin, China

Cargill logo To bolster its young animal nutrition capability, US based Cargill invests more than $15 million to add a piglet feed production line at its existing premix and nutrition facility in Tianjin, China. Featuring cutting edge technology, the nearly 7,000 square meter young animal nutrition facility is set to produce Neopigg™, a sustainable world-class piglet feed. According to John Fering, Managing More …