Reclaimed water fishery: Huanong assets plans to increase its holding of 1% - 2% of the company's shares

ERP Provider Yonyou Is China’s Answer to SAP

Yonyou ranks first in the Chinese ERP market, while SAP is the fourth.

Insilico Medicine (英矽智能) Signs Strategic Drug Discovery Partnership with Takeda (武田制药), Deal Worth Up to US$600 Million

Chinese AI drug discovery company Insilico Medicine (英矽智能) has signed a global strategic collaboration with Japanese pharmaceutical company Takeda (武田制药), with the total potential deal value reaching up to US$600 million. Announced in early July, the agreement marks another milestone in the international commercialization of China's AI-powered drug discovery technologies through collaboration with a leading multinational pharmaceutical company.

Drug Farm Raises $55 Million in First Closing of Series D Financing

According to EO (亿欧), Drug Farm (药物牧场) announced on July 13 that it had raised $55 million in the first closing of its Series D financing round.

JD.com (京东) Wins Conditional Approval for €22 Billion Ceconomy Takeover, Gaining Control of Europe’s Largest Electronics Retail Network

Germany’s Federal Ministry for Economic Affairs has conditionally approved JD.com (京东)’s proposed €22 billion acquisition of Ceconomy, the European consumer electronics retailer that owns the MediaMarkt and Saturn chains. The decision marks a major milestone in the transaction and would make JD.com the controlling shareholder of one of Europe’s largest consumer electronics retail networks once the remaining regulatory approvals are secured.

Yonyou 1H 2020 Revenue Falls below CNY 3 Billion amid the Pandemic

... and its SaaS transition is adding more pressure to its operation.