Business

Cadillac Hits High in China in Decades

Prei Dy   | Feb 03, 2017 04:48 AM EST

Cadillac, for the first time, has sold more cars in China than it did in the US in the first month this year, General Motors reported on Thursday. read more

India Hits out at Rating Agencies for Favourably Rating Chinese Economy

Girish Shetti   | Feb 02, 2017 07:13 AM EST

India is miffed with global rating agencies for its so-called unfair methods that are apparently keeping its ratings below despite its improving economic fundamentals. read more

HTC's Global VP Jason Mackenzie Leaves After 12 Years

Ellie Froilan   | Feb 02, 2017 01:56 AM EST

Aside from losing the company's VP of Design, HTC has lost another top-level executive, Global Executive Vice President Jason Mackenzie. read more

Huawei Hires Apple 'Get A Mac' Campaign Star

Ellie Froilan   | Feb 02, 2017 01:45 AM EST

Huawei has hired actor Justin Long to take part in a new series of commercials for the company's new devices. read more

China’s new Aggregator app ‘Toutiao’ Acquires Flipagram for Undisclosed Amount

Girish Shetti   | Feb 01, 2017 10:19 AM EST

The video creation app Flipagram, which was once considered a serious threat to Instagram, has been acquired by Chinese news aggregator app 'Toutiao.' The financial details of the deal are still not known. read more

China’s Manufacturing PMI Increases for 6th Straight Month in January

Girish Shetti   | Feb 01, 2017 08:33 AM EST

In yet another sign that the Chinese economy is heading towards recovery, manufacturing activities in China grew for the sixth-straight month in the January. read more

Ant Financial Acquires U.S. MoneyGram for $880M

Ellie Froilan   | Jan 30, 2017 03:52 AM EST

Ant Financial Services Group has announced its acquisition of MoneyGram International in a deal valued at $880 million. read more

Apple’s iPhone is no More the Number 1 Selling Smartphone in China: Report

Girish Shetti   | Jan 28, 2017 04:44 PM EST

Apple's iPhone has lost the numero uno position in China, after holding that position for five long years, according to market research firm Counterpoint's Market Monitor. read more

Dadi Shells out $575 Million to Acquire Orange Skys Golden Harvest's China Cinemas

mwaniki wanjiku   | Jan 28, 2017 12:13 PM EST

Cinema operator Orange Sky Golden Harvest (OSGH) has agreed to sell its theatres in mainland China to the country's second-largest exhibition group, Dadi. read more

Departed Xiaomi Exec Hugo Barra to Join Facebook VR Team

Staff Reporter   | Jan 26, 2017 10:42 PM EST

Former Google and Xiaomi executive Hugo Barra is returning to Silicon Valley to head VR venture of Facebook. According to a post made by Facebook CEO Mark Zuckerberg, Barra will join the social networking company as VP of VR, which also includes Oculus. read more

MSCI Shows Skepticism Over Capital Control Rules in China

S. Rina   | Jan 26, 2017 03:04 AM EST

China faces another roadblock to the complete inclusion of its stocks in global benchmarks. The country is currently looking to implement strict measures to control its capital flow. read more

Finnair to use Alipay for In-Flight Shopping

Ellie Froilan   | Jan 26, 2017 02:19 AM EST

Finnair has annouced that it will launch the Chinese online payment service Alipay for in-flight purchases. read more

China’s Internet User Base Shows Explosive Growth in 2016

S. Rina   | Jan 25, 2017 08:15 AM EST

China is one of the biggest internet markets in the world. The country continued its dominance as its user base grew rapidly in 2016. The rate of growth in the past year was the fastest seen in the previous three years period. read more

China Molybdenum to Assist BHR in Acquiring interest in Tenke Copper Mine

S. Rina   | Jan 26, 2017 02:24 AM EST

China Molybdenum Co Ltd (CMOC) announced that it has inked a new deal with BHR, a Chinese private equity firm. read more

Hugo Barra to Depart From Xiaomi to Return Home

Ellie Froilan   | Jan 24, 2017 04:36 PM EST

Xiaomi Global Vice President Hugo Barra has announced his impending departure from Xiaomi after the Chinese New Year. read more

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