Tencent Holdings Ltd, the social networking-to-payment conglomerate, is developing a credit-scoring system.
Tencent, owner of the popular and ubiquitous social media WeChat super-app, has bought shares in the past in leading Western companies like Spotify, Tesla and Epic Games.
That area includes the Bay Area, which can otherwise be called the mecca for speedy delivery. Several tech companies there are testing ways to get items delivered within hours of pressing the buy button online.
Tesla estimated sales in China of nearly 15,000 vehicles in 2017. The company faces competition from Chinese brands such as BYD Auto and BAIC Group.
That has given an edge to the likes of Douyin, a high-flying short video app that is fast rising as a staple in the digital marketing matrix of most brands. "The platform allows brands to share short videos, usually in a fun or interesting format with users… They also leverage key opinion leaders to help share the content so it spreads quickly among their followers," Chin said.
Tesla has stunned the auto industry with an electric vehicle (EV) lineup of the Model S, Model X and Model 3, which sold about 145,000 units in the US last year.
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Tewolde Gebremariam, CEO of ET, told Xinhua on Sunday the air carrier is mulling Hangzhou as its next destination as part of its plan to attract more Chinese tourists and business people.
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That made 3-year-old JAC Volkswagen the choice: its less competitive Chinese parent knows Volkswagen models' popularity and relishes prospects of more profit from the partnership, and Volkswagen is convinced that China and e-mobility are key to its future.