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BEIJING, May 5, 2021 /PRNewswire/ Recon Technology, Ltd (NASDAQ: RCON), ( Recon or the Company ), today announced the Company s subsidiary, Future Gas Station (Beijing) Technology, Ltd. ( FGS ), renewed its cooperation agreement dated March 18, 2018 (the Agreement ) with Banma Network Technology Co., Ltd. (the Banma ), an Alibaba-backed connected car company focusing on autonomous intelligent car operating system development, for three years starting from May 1, 2021.
Pursuant to the Agreement, FGS integrates its self-developed DT Refuel function with Banma s Smart Refuel application, which is embedded into Banma s vehicle system, so Banma s care users could refuel at the gas stations of Petro China Co., Ltd. ( Petro China ) through Banma s Smart Refuel. FGS and Banma aim to provide value-added services and better refueling experience to the vehicle owners through this long-term cooperation.
LOS ANGELES, May 05, 2021 (GLOBE NEWSWIRE) The Global B2C E-commerce Market is expected to grow at a CAGR of around 13.5% from 2020 to 2027 and reach .
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Starting April 2022, overseas entities that donât have a physical presence in India but derive significant financial benefit from Indian customers will come under the Indian tax net. The levy will impact technology giants like Facebook Inc., Google, Amazon.com Inc., Alibaba Group Holding Ltd. and other such digital companies that derive considerable value from a large user base in India.While the main legal provision was introduced i.
Starting April 2022, overseas entities that donât have a physical presence in India but derive significant financial benefit from Indian customers will come under the Indian tax net. The levy will impact technology giants like Facebook Inc., Google, Amazon.com Inc., Alibaba Group Holding Ltd. and other such digital companies that derive considerable value from a large user base in India.
Middle EastAsia shares anxious for earnings season, U.S. data deluge
Wayne Cole
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Investors sit in front of a board showing stock information at a brokerage house on the first day of trade in China since the Lunar New Year, in Hangzhou, Zhejiang province, China February 3, 2020. China Daily via REUTERS
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Asian shares faltered on Monday as anxious investors wait to see if U.S. earnings can justify sky-high valuations, while a rally in bonds could be tested by what should be very strong readings for U.S. inflation and retail sales this week.
MSCI s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was off 1.1% in slow trade. Tokyo s Nikkei (.N225) edged down 0.6%, while South Korean stocks (.KS11) were near flat.
JAKARTA, May 4 (Bloomberg): SCI Ecommerce, the online shopping provider backed by two of Alibaba’s earliest employees, has raised more than S$50 million ($38 million) to expand in Sout-East Asia ahead of a potential Nasdaq listing.
Asia Partners led the new funding round. The startup is planning to pursue a primary listing in New York as early as the end of this year with a target market valuation of $1 billion, Chief Executive Officer Joseph Liu said in an interview over Zoom. The company, which last year obtained in-principle approval to list in Singapore, will consider a potential secondary listing in city’s stock exchange, he added.