BizChina

Chinese smartphone maker OPPO is planning to invest 1.5 billion yuan ($216 million) to build an industrial park in India, with a goal of producing 100 million units per year, Sina Tech reported Wednesday.

The park, spread over 1,000 acres in northern city Greater Noida, will include a manufacturing factory, OPPO Vice-President and OPPO India President Sky Li said, adding the project will be built in separate stages, and is expected to be finished in two to three years.

Didi will stop Uber China old mobile app this weekend, to be replaced by a new app that integrates its functions and the drivers' pool with Didi Chuxing four months after the merger, a company spokesman said Friday.

The fifth generation of cellular networks, 5G, may be put into commercial use as early as 2020, according to a regulatory body's roadmap and the business plans of several companies. Insiders from IMT-2020(5G) promotion group, which is dedicated to boosting the systematic promotion of 5G, said second-phase testing will be launched in 2017.

Authoritative insiders also disclosed that the experimental stage of 5G will last three years, from 2016 to 2018. The construction of a 5G network will begin in 2019, with a total budget of 500 billion RMB ($73 billion).

1 of Distribution centers in Hangzhou after 11.11 2016 Global Shopping Festival.

Alibaba Group Holding Limited (NYSE:BABA) today announced that RMB 120.7 billion (USD 17.8 billion) of gross merchandise volume (GMV) was settled through Alipay on Alibaba's China and international retail marketplaces on November 11, 2016. Mobile GMV settled through Alipay accounted for 82 percent of total GMV.