China Energy Engineering Corp Ltd announced on Tuesday it had inked a $972 million deal for a major photovoltaic project in Saudi Arabia, marking a significant step as the Middle East nation becomes a key investment destination for Chinese solar power equipment manufacturers, spurred by its commitment to green energy initiatives. The project — the … Continue reading CEEC inks mega Saudi solar project
Tag: east
East Buy Holding reports 108% growth YoY
The East Buy’s logo. [Photo/VCG] East Buy Holding Ltd, a Chinese e-commerce platform of New Oriental’s founder Yu Minhong, reported its self-branded products achieving a gross merchandise value of more than 3.6 billion yuan ($496 million) for the second half of the 2024 fiscal year ending May. The GMV marked a 108 percent growth compared … Continue reading East Buy Holding reports 108% growth YoY
Tutor firm chief not satisfied with unit
The products are on display at the exhibition area for East Buy (Dongfang Zhenxuan) platform during China International Fair for Trade in Services in Beijing on Sept 3, 2022. [Photo/VCG] Yu Minhong, founder and chairman of Chinese private tutoring company New Oriental Education and Technology Group, has expressed his dissatisfaction over East Buy, the livestreaming … Continue reading Tutor firm chief not satisfied with unit
Lenovo inks pact with Saudi fund
The Lenovo logo is seen in this illustration photo. [Photo/Agencies] Lenovo Group said on Wednesday that it had entered into an agreement with a unit of Saudi Arabia’s sovereign wealth fund to issue $2 billion worth of bonds, and will set up a new manufacturing facility in the Middle East to further expand its global … Continue reading Lenovo inks pact with Saudi fund
Chinese billionaire Wang Jianlin’s restructured company attracts $8.3b new investment
Customers visit a Wanda Plaza in Xiamen, East China’s Fujian province. [Photo by Zhou Daoxian/For China Daily] Chinese billionaire Wang Jianlin’s restructured company Xindameng attracted a new investment of about 60 billion yuan ($8.3 billion) on Saturday, marking the largest single investment in the Chinese private equity market in five years. Investors, which include private … Continue reading Chinese billionaire Wang Jianlin’s restructured company attracts $8.3b new investment