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  • Geely raises stake in Aston Martin to 17%

    Geely raises stake in Aston Martin to 17%

    Zhejiang Geely Holding Group on Thursday announced that it has increased its stake in British sports car maker Aston Martin to about 17 percent.

    May 19, 2023

  • Alibaba Cloud plans big price cuts in core products

    Alibaba Cloud plans big price cuts in core products

    Alibaba Cloud, the cloud computing unit of Chinese heavyweight Alibaba Group Holding Ltd, announced on Wednesday that it was cutting the price of its core products by 15 to 50 percent, marking the biggest price cut in the company's history.

    April 26, 2023

  • Geely sees record revenue, cash flow in 2022

    Geely sees record revenue, cash flow in 2022

    Chinese carmaker Geely Auto Group saw its revenue and free cash flow hit new highs in 2022 despite lingering chip shortages and the COVID-19 pandemic, said the Hong Kong-listed company on Tuesday.

    March 21, 2023

  • The Lego Group building China presence block by block

    The Lego Group building China presence block by block

    The Lego Group is accelerating its expansion in China, with plans to open more than 80 new branded stores this year and penetrate lower-tier cities to reach more consumers after posting double-digit growth in revenue for 2022.

    March 9, 2023

  • Everest Medicine's mRNA production base commences operations

    Everest Medicine's mRNA production base commences operations

    Everest Medicines, a Hong Kong-listed Chinese biopharmaceutical company, announced the official opening of its messenger RNA vaccine industrialization base in Jiashan, Zhejiang province, on Tuesday.

    March 2, 2023

  • Alibaba bullish on consumption recovery

    Alibaba bullish on consumption recovery

    Chinese tech giant Alibaba Group Holding Ltd released better-than-expected financial results in the October-December period on Thursday, saying it will continue to remain focused on three core strategies — consumption, cloud computing and globalization.

    February 27, 2023

  • Geely's Zeekr finishes $750m Series A financing round

    Geely's Zeekr finishes $750m Series A financing round

    Zeekr, a premium electric marque of Zhejiang Geely Holding Group, said on Monday it has finished a $750 million Series A financing round, which will beef up its valuation to $13 billion.

    February 13, 2023

  • Tech giants look to bolster industrial digitalization

    Tech giants look to bolster industrial digitalization

    Chinese internet and tech heavyweights are stepping up efforts to invest more in cloud computing and enterprise-oriented business, and leverage cutting-edge digital technologies to bolster industrial upgrade as part of their broader push to promote in-depth integration of the digital and real economies, experts said.

    January 12, 2023

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