BizChina
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- By David Cao
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China's property behemoth Vanke Co has signed a preliminary agreement with subway operator Shenzhen Metro to acquire up to 60 billion yuan ($9.3 billion) of property assets atop its subway lines, in the latest control tussle between the company's top management and Baoneng Group.
Vanke plans to issue new shares in exchange, it said in a filing to Shenzhen Stock Exchange on Sunday, which will lead Shenzhen Metro to become one of its major shareholders.
Read more: Vanke agrees to buy Shenzhen Metro stake amid control tussle
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- By David Cao
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Kangjia, The co-founder and CSO of Ele.me
E-commerce giant Alibaba Group Holding Ltd is said to have invested $1.25 billion in ele.me, becoming the biggest shareholder of the food delivery application.
According to a report from caixin.com on Friday, the two parties have already reached an agreement but the deal is expected to be completed after China's Spring Festival in February 2016.
Read more: Alibaba invest 1.25billion USD in food delivery APP Ele.me
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- By David Cao
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Meizu's Official Weibo (Chinese tweeter) released it's smartphone sales volume - 8.9 millions, 540% up than last year.
After the cooperation with Alibaba, Meizu developed more smartphones in a year compared with years before the cooperation. Meilan Note II is just 6-month after Meilan Note, In June, MX5 started to march on the market.
Read more: Meizu sold 8.9 million Smartphones in 6-month 2015
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- By David Cao
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After the competition of hardware, Chinese smartphone manufactures reliazed the importance of software - smartphone ROM. Now more and more Chinese smartphone manufacures bring their own Android-based OS/ROMs for smart phones.
Flyme ROM
Flyme ROM is developed by MEIZU for it's own MX (dream) model. Its UI design is simple and eye-candy. Unlike other Chinese ROMs' unlimited-integration, Flyme only provide simple and good enough functions.
Samsung smartphones was able to use Flyme ROM in July 2014.
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- By David Cao
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This week Amazon opened its own digital storefront on rival Alibaba's Tmall ( http://amazon.tmall.com/ ), an online marketplace for consumers in China, which hosts merchant's storefronts and lets Alibaba take a cut of sales.
The marriage between Amazon and Alibaba is, to put it mildly, an odd one. Alibaba is China's largest e-commerce company. And after going public in the US last year -- in an historic IPO that saw it raise $25 billion -- it has set its sights on e-commerce in the US, where companies like Amazon and eBay dominate. Meanwhile, Amazon has been trying for years to be a major presence in the Chinese market, where it's been able to capture only a small share.
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