One critical question is the valuation that will be used for the SoftBank-led investment. Didi was valued at US$34 ... In big cities such as Beijing and Shanghai, new regulations may require drivers to have local residence to be eligible to drive Didi ... ( read original story ...)
Shanghai to rival Silicon Valley as technology hub
Shanghai is expected to rival Silicon Valley as a technology hub in the next four years, according to a report by KPMG. Shanghai beat out New York, Tokyo, Beijing and London, respectively, to take the top spot in recognition of the city’s “growing base ... ( read original story ...)
Shanghai Smart Home Technology 2017 Receives Positive Response With 80% of Booths Already Booked
Joining forces with one of China’s leading smart home industry organisations, the China Smart Home Industry Alliance (CSHIA), Shanghai Smart Home Technology (SSHT) will return to the Shanghai New International Expo Centre from 5 – 7 September 2017. ( read original story ...)
ChipMOS Shanghai Equity Interest Transfer Completed to Tsinghua Unigroup LED Strategic Investors
ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS) announced the completion of its previously disclosed equity interest transfer to a group of investors led by Tsinghua Unigroup ("Strategic Investors"). ( read original story ...)
ChipMOS Technologies Bermuda : Shanghai Equity Interest Transfer Completed to Tsinghua Unigroup LED Strategic Investors
ChipMOS BVI will continue to own 45.02% of the equity interests of ChipMOS Shanghai, Tsinghua Unigroup through its subsidiary, Tibet Unigroup Guowei Investment Co., Ltd. ('Unigroup Guowei') will own 48%, and other strategic investors, including a limited ... ( read original story ...)
UPDATE: ChipMOS Shanghai Equity Interest Transfer Completed to Tsinghua Unigroup LED Strategic Investors
Upon receipt of the proceeds from the equity interest sale, the Company plans to reinvest back into ChipMOS Shanghai approximately RMB 484 million (approximately US$70 million) pro rata, resulting in the total additional investment of RMB 1,074 million ... ( read original story ...)
China releases draft bike-sharing regulations
SHANGHAI, March 23 (Xinhua) -- The booming bike-sharing industry has led bicycle associations in China to produce a draft guideline Thursday to regulate the industry. Led by bicycle associations in Shanghai and Tianjin, the draft solicits advice from China ... ( read original story ...)