"Fang's technology-driven open platform is speeding up its offerings of upgraded products and services to real estate companies and professionals as well as home buyers and sellers," said Vincent Mo, Chairman and CEO of Fang.com.
Estimating that the approximate amount of total revenues for the third quarter of this year will be between $120 million and $130 million, that the increase will likely be 26% to 37% from $95.2 million in the same quarter last year.
A Chinese self-driving vehicle startup, Pony.ai, recently stated they have finished a $214 million fundraising round. This is the largest Series A fundraising round by an autonomous car company in China as the competition continues to heat up. This round of investment, which was led by ClearVue Partners and Eight Roads, puts the company up to a total funding level of $230 million only two years after starting up. The investment will encourage fleet expansion, team growth, growing and supporting current and future partnerships as well as boosting their entry into commercialization of their technology, Pony.ai said recently in a
Baidu and Hyundai Motor Group recently announced they signed a memorandum of understanding for Internet of Vehicles. This signals their continuing focus to increase the cooperation towards making the next generation of connected car technology. This newly signed MOU will grow the already existing partnership and boost the creation and development of new vehicle connectivity. As a first step on the partnership's roadmap, Hyundai and Baidu will co-develop a connected car service that provides a wide range of in-car content — real-time traffic status and live information about the user's end-destinations for example — based on big data, maps, artificial
Didi Chuxing, China's biggest ride-hailing company, recently agreed to create connected electric cars along with German autoparts manufacturer Continental. This is while Didi continues to deepen their partnerships with car industry companies and expand the company. "New energy, ride-sharing and intelligent driving set the direction for the development of the automobile and mobility industries," Didi's Vice President Yang Jun said in a statement as the two businesses signed the strategic cooperation agreement in Shanghai. "Our cooperation with Didi is about further improving the mobility experience for global users," said Enno Tang, CEO of Continental China. "Continental offers and continuously enhances its cutting-edge technologies and
Xiaopeng Motors is a Chinese electric car startup company who are reportedly discussing with Alibaba and other possible investors to raise $600 to $700 million. This new investment would bring Xiaopeng up to a value of about $4 billion. A spokesman from Xiaopeng didn't comment on any current or future plans for fundraising for the company. Back in April, the co-founder of the company, He Xiaopeng, said in an interview while at the Boao Forum for Asia that his company is expecting to raise $1.51 billion during this year and it will announce other fundraising plans soon. He also