04/25/2024 05:39:48 pm
04/25/2024 05:39:48 pm
S. Rina | Jan 19, 2017 06:19 AM EST
Baidu has taken its AI efforts to next level as it announced hiring former Microsoft executive Qi Lu as its new COO and group president. Lu had stepped down from Microsoft four months ago, citing health reasons. read more
S. Rina | Jan 18, 2017 10:18 PM EST
Some of the biggest cities in China are targeting slower growth rate this year. The slowdown will continue from the previous year when the rate of growth showed deceleration. read more
S. Rina | Jan 18, 2017 10:54 PM EST
Audi announced its plan to sell more electric vehicles in China. It is also looking to promote autonomous driving in the country. The major auto company will collaborate with FAW Group Corp to boost its presence in China. read more
Desiree Sison | Jan 18, 2017 09:22 AM EST
Chinese President Xi Jinping addressed the annual Davos World Economic Forum (WEF) on Tuesday, selling the benefits of economic globalization to global political leaders, CEOs, and bankers who attended the gathering. read more
S. Rina | Jan 18, 2017 05:06 AM EST
Chinese sovereign wealth fund China Investment Corporation (CIC) is planning to raise its profile in the United States by looking at alternative investment opportunities. The fund said that its new course of action is prompted by relatively lower returns in the public markets. read more
S. Rina | Jan 18, 2017 04:44 AM EST
Baidu aims to pursue its augmented reality ambitions in 2017 as the company announced that it will open its brand new Augmented Reality lab in Beijing. With this step, the Chinese technology giant is looking to boost its bottom line with the help of state-of-the-art technology. read more
S. Rina | Jan 18, 2017 04:31 AM EST
China is expected to emphasize economic stability over growth rate in 2017, with the government expecting to clock a 6.5 percent rate, insiders familiar with the matter told Reuters. The authorities are also looking to contain the risk of real estate bubble and debt overload. read more
Girish Shetti | Jan 17, 2017 08:09 AM EST
General Motors Co's (GM) luxury car division Cadillac Motors is upbeat about its sales prospect in China for the current year, expecting sales to continue growing at double digit growth rate. But luxury carmaker anticipates that the sales would grow at a slower pace than 2016. read more
Desiree Sison | Jan 17, 2017 04:54 AM EST
Chinese President Xi Jinping met with Swiss business leaders in the capital city of Bern on Monday, underscoring the Chinese and Swiss business circles' common interests in maintaining an open and free trade. read more
Girish Shetti | Jan 17, 2017 03:26 AM EST
Alibaba has decided to resort to 'big data' for solving the bane of counterfeit or fake goods that has casted shadow on the e-commerce giant for several years now. The e-commerce company has formed what it calls the world's first 'Big Data Anti-Counterfeiting Alliance,' which has several big brands on the board. read more
S. Rina | Jan 16, 2017 08:09 PM EST
China has instituted various measure to contain the fall in the value of its currency. However, market experts believe that the slide is likely to continue despite these actions. The slowdown in economy is likely to further exacerbate the depreciation in value. read more
Theena Ocay | Jan 17, 2017 07:15 PM EST
Essilor of France announced on Monday the $49 billion merging deal with Luxottica Group of Italy that would create a giant in the eyewear industry read more
Charissa Echavez | Jan 16, 2017 09:05 AM EST
German automaker Volkswagen is slated to launch eight New Energy Vehicles, including electric vehicles, plug-in hybrid units, and hydrogen cars, in China, Forbes reported citing a leaked product presentation slide. read more
Phenny Lynn Palec | Jan 16, 2017 08:45 AM EST
The United States Environmental Protection Agency (EPA) announced on Thursday that it is pursuing Fiat Chrysler for allegations of illegally installing secret defeat software that allowed more than 100,000 of the automakers diesel vehicles to emit harmful substances way above the legally allowed levels. read more
Charissa Echavez | Jan 15, 2017 10:22 PM EST
Japanese car maker Toyota will call back 15,865 imported Lexus vehicles in China because of defective airbags, the Chinese General Administration of Quality Supervision, Inspection, and Quarantine announced (ASDIQ). read more
Due to the coronavirus, people around the world have canceled their travel plans. Governments and health officials have warned the public to avoid boarding cruise ships and long flights. read more
