Its statement showed that Borgward's total assets stood at 11.81 billion yuan (.74 billion) by the end of August, with debt of 6.67 billion yuan. Borgward sold 44,000 vehicles last year.
It's a strategic choice for China to boost manufacturing, he added.
JD, China's second-biggest e-commerce firm, has kicked off a fundraising round at its logistics unit with a target of at least billion, and eventually plans to list the business overseas, people with direct knowledge of the matter said.
JD.comInc, the nation's second largest e-commerce company by gross merchandise volume, reported its first profit as a public company of 239 million yuan for the three months that ended in March.
Italian export credit institution SACE SIMEST inaugurated its Shanghai office on Tuesday-the first European agency of its kind to be established in the Chinese mainland-in hope of strengthening Sino-Italian trade relations and working alongside China's Belt and Road Initiative.
JAC Volkswagen, which was established in 2017, is dedicated to producing and selling electric vehicles. Volkswagen said it will introduce five new models by 2025. JAC said in a regulatory filing on Friday that Volkswagen will also introduce models under its mainstream brands into the joint venture, which will have an annual capacity of 350,000 to 400,000 units by 2029.
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Its two subsidiaries, China Pacific Life Insurance Co Ltd and China Pacific Property Insurance Co Ltd, saw their premium income reaching 102.76 billion yuan and 50.78 billion yuan, respectively.
Its use for unproductive purposes such as getting married, building houses or purchasing household objects is prohibited.
It’s time for another round of everyone’s favorite game show: which Amazon pilots are going to garner enough interest to be picked up for full seasons?
JD Daojia, the local on-demand retail platform of Dada Group, will assist retail partners, such as Walmart, Yonghui, Better Life and other supermarket chains, to recruit more than 7,000 sorters, packers and other store staff in more than 30 cities nationwide.