62.4 F
New York
Monday, May 17, 2021

Kaixin [NASDAQ: KXIN] Signs Cooperation Agreement with Jingdong

Must read

Oaktree [NASDAQ: OCSL] Announces Pricing of Underwritten Public Offering

Oaktree Specialty Lending Corporation disclosed that it has set the price of an underwritten public offering of $350.0 million aggregate principal amount of...

Black.one Introduces Cryptocurrency Exchange Venture with $10B in Funding

Black.one has disclosed Tuesday that it has launched Bullish Global. Bullish Global is a subsidiary of Black.one. It is a new blockchain-based cryptocurrency exchange...

Pfizer-BioNTech COVID-19 Vaccine Gets FA Approval for Emergency Use in Adolescents

Pfizer Inc. and BioNTech SE disclosed that its COVID-19 vaccine has got the FDA approval for its COVID-19 vaccine. After the approval,...

Soliton [NASDAQ: SOLY] to be Acquired by Allergan Aesthetics

Soliton, Inc. disclosed Monday that it has inked an agreement with Allergen Aesthetics. As per the agreement, Allergen Aesthetics will buy Soliton. Allergen...

Kaixin Auto Holdings [NASDAQ: KXIN] declared Monday that it has inked a deal with Jingdong Century Trade Limited. The agreement is the collaboration agreement between two firms. Jingdong has gained recognition as the biggest online retailer in China and its biggest overall retailer.

Earlier on December 31, 2020, Kaixin has inked a buying deal with the sharers of Haitaoche. In accordance with the deal, Kaixin will buy 100% of the share capital of Haitaoche from the sharers of Haitaoche.

Cooperation Agreement

As per the Collaboration Agreement, the main focus of Haitaoche is to gain access to the fast-growing e-commerce auto sales market of China. Furthermore, it also aims to utilize differentiated revenue sources and development opportunities by utilizing its abundant resources and expertise in customer vehicle sales and a comprehensive range of profitable services.

Additionally, the main focus of both is to accomplish a total sale of RMB 2 billion (nearly US$308 million) in the value of Haitaoche consumer vehicles on the Jingdong platform. Moreover, the firms are also aiming to the volume of sales which will surge by at least 50% each year during a three-year term. The total sales of the Association deal are RMB 9.5 billion.

About Haitaoche

Haitaoche has gained a reputation as the online retail platform for imported automobiles of China. Haitaoche is dedicated to the development into the world’s top groundbreaking auto industry retail selling stage of China. It has a history of track record of good performance and reputation in the area of import car deals. Haitaoche is planning to extend its sales system into the sphere of EVs.

More articles

Latest article

Elon Musk’s SpaceX to Roll Out Dogecoin-Backed Satellite to the Moon in 2022

Elon Musk’s SpaceX has decided to recognize Dogecoin as payment to roll out its “DOGE-1 Mission to the Moon”. The mission is going to...

SBI CEO Yoshitaka Kitao Reveals Ripple to Go Public after its Legal Battle with the SEC is Over

CEO of Japanese financial services company SBI Holdings, Yoshitaka Kitao disclosed that Ripple has opted for an option to go public once its legal...

Coinbase Pro Announces it will be Listing Internet Computer’s ICP

Coinbase Pro cryptocurrency exchange has disclosed that it has decided to list ICP once it goes live. ICP is the governance token of the...

WISeKey [NASDAQ: WKEY] Gets Investment to finance its TrustNFT.IO NFT Platform

WISeKey International Holding AG disclosed Friday that it has inked a term-sheet to enter into an unsecured short-term loan and the issuance and...

Moderna [NASDAQ: MRNA] Inks Supply Agreement with Switzerland

Moderna, Inc. disclosed that it has inked a supply agreement on Thursday with the Swiss Federal Government. As per the agreement, Moderna Inc...

TeraBlock Will Have its Own BSCPad IDO Soon

TeraBlock which is a project making a platform for automated cryptocurrency portfolio management disclosed that it is preparing for an initial DEX offering (IDO)...

Why Chiasma [NASDAQ: CHMA] Stock is Skyrocketed?

Shares of Chiasma, Inc. surged 46.48% during the trading session of Wednesday. Chiasma has disclosed the financial results for the Q1 completed March...

NeoGenomics [NASDAQ: NEO] Announces Acquisition of Inivata Ltd

NeoGenomics, Inc. revealed Wednesday that it has decided to purchase Inivata Ltd. Inivata will grow into a liquid biopsy-centered division together with increasing...