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|The Shenzhen listed unit of Chinese technology conglomerate LeEco said on Sunday that it plans to buy investment and financial service assets from an affiliate for up to 3 billion yuan ($455.24 million) as part of a restructuring exercise.
Leshi Internet Information & Technology Cheap Jordan Clarkson Jersey , a video content company, said in a filing it would have the assets transferred from Leshi Investment Management (Beijing) for no more than 3 billion yuan.
Leshi said the move, a financial arrangement between the listed company and its affiliate, fits its strategy and would help it provide Internet finance to its users.
Leshi Investment Management is LeEco's finance arm with businesses in online payments, online transactions and asset management.
It is applying for licenses in banking, securities brokerage and financial leasing Cheap Magic Johnson Jersey , in addition to licenses it already holds, according to the filing.
Leshi has been suspended from trading since April pending a major asset restructuring.
Its founder, Jia Yueting, has been battling financial problems facing his LeEco group.
The company's businesses, from a Netflix-like video website to electric cars, were seen to have expanded too rapidly in recent years.
Jia resigned from all posts at Leshi in July Cheap Kobe Bryant Jersey , with new investor Sunac China's Chairman Sun Hongbin taking over as Leshi's new chairman.
NEW YORK, Sept. 16 (Xinhua) -- Chinese ride-sharing company Didi Kuaidi on Wednesday announced here a decision to enter into a strategic partnership with Lyft, a U.S.-based ride-hailing firm.
The Chinese company also announced that it has made a strategic investment of 100 million U.S. dollars in Lyft.
Under the partnership, the two parties will launch in-depth collaboration between their technology and product development teams, to achieve synergies in product innovation and improve user experiences.
The two companies will share local knowledge and other business-related resources to explore new models of cross-platform, cross-regional market development Cheap Brandon Ingram Jersey , with an aim to build a healthy, collaborative global ridesharing industry.
As part of the alliance, Didi and Lyft will launch cross-platform interoperability so their existing users can access local on-demand transportation services offered by the partner company from their native applications when they are traveling in the U.S. and China.
With this partnership, the two companies will be working together to enable people to use Lyft app when they travel to China and get a ride wherever they are going. The same will be true to Didi's users who travel to the U.S., claimed a blog posted at the Lyft's corporate website.
Jean Liu, president of Didi Cheap Lonzo Ball Jersey , said, "Lyft is the pioneer in ridesharing innovation and Didi has built success with a unique model that offers comprehensive transportation solutions in 360 Chinese cities. Today we offer private car, carpooling, bus, chauffeur and taxi hailing services to more than 200 million users in China. These along with other connected services will extend to Lyft's passengers. More importantly, the partnership with Lyft enables us to join forces in rapidly advancing global innovation and growth."
John Zimmer Cheap Kyle Kuzma Jersey , co-founder and president of Lyft, said, "Lyft was founded with the mission of connecting people and their communities through improved transportation. We are extremely excited to partner with Didi as they share our commitment to redesign cities putting people at the forefront. Didi is the clear market leader in China and has invaluable local expertise. In today's rideshare environment, where every region presents a unique set of challenges and opportunities, partnering with the homegrown leader is the winning approach to Chinese expansion."
According to Liu, there were more than 7.8 million people who traveled between the countries in 2014 and the trend continues to expand every year.
Didi is the world's largest one-stop mobile transportation platform and has transformed the transportation industry in China Wholesale Los Angeles Lakers Jerseys , offering a full range of solutions for every type of driver, passenger and commuter. The company, formed in 2012 with a focus on solving China's transportation challenges, was initially a taxi-hailing platform that connected taxi drivers and passengers on a mobile app basis.
Lyft, founded to reconnect people and communities through better transportation in June 2012 by Logan Green and John Zimmer, is the fastest growing rideshare company in the U.S. and its service is now available in 65 American cities.
ALGIERS Cheap Los Angeles Lakers Jerseys , June 15 (Xinhua) -- Visiting French President Francois Hollande said on Monday the two nations have left the painful past behind them, and have made much progress in growing their bilateral relations.
During his hours-long visit to the country, Hollande held a meeting with his Algerian counterpart Abdelaziz Bouteflika.
"I have had warm and substantial talks with President Bouteflika," said the French leader, adding that the two discussed a number of international issues of common interest, including the crisis in Mali and Libya and counter-terrorism in the Sahel region Wholesale Lakers Jerseys , as well as the recent deadly attack in Chad.
Hollande said he also discussed ways to boost bilateral ties in areas like economy, culture and the facilitation of visa delivery process, adding that the two countries share convergent views when it comes to maintain peace and stability in the region.
In a press conference following the meeting, the French president said the two nations' relations are remarkably and positively progressing, leaving behind them the "painful past."
Hollande also said the French automaker Peugeot "may" follow Renault, another French auto giant Cheap Lakers Jerseys , which has already opened a car assembly unit in Algeria, by installing another assembly plant in the country.
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