Technology product solutions and supply chain services platform VST Holdings will establish a joint venture with Tsinghua Holdings to develop supply chain financial businesses in the technology industry.
Tsinghua Holdings' subsidiaries and related companies will hold a combined 55% stake in the joint venture; while VST Holdings will own the remaining 45%.
The total investments in the JV is CNY1 billion, including CNY500 million registered capital.
The businesses of the new JV will cover supply chain finance, consumer finance, new retail and industry merger and acquisition and investment in the technology industry.
VST Group was founded in 1991 and the parent company VST Holdings was founded in 2002.
The company is mainly engaged in businesses of 12 major categories, including cloud computing, mobile Internet, system equipment, software and service, home game, VR/AR, drone, Internet of Things application, basic network, machine peripheral, information security, and accessories.
Robert Mueller must be protected or nominations for federal judgeships will remain stalled, Senator Jeff Flake promised on Nov. 14.
Flake has frequently clashed with and spoken out against President Donald Trump’s behavior in the ongoing investigation into Russian meddling in the 2016 presidential elections, as well as some of Trump’s incendiary statements about race and foreign policy.
However, following midterm elections disastrous for the GOP and Trump’s subsequent successful demand for Attorney General Jeff Sessions’s resignation, Flake said on the Senate floor Nov. 14 that he wanted a bill advanced for a vote that would restrict Trump’s ability to fire Special Counsel Mueller.
Flake’s refusal—coupled with Democrats standing united in opposition—has meant none of President Donald Trump’s lifetime judicial nominations can advance in the current congressional session.
The GOP retained and slightly expanded its majority in the Senate in midterm elections, rising from 51 seats to 53.