Business

India’s Trade Deficit with China Continues to Grow, Rises to $53B in FY16

Girish Shetti   | Nov 29, 2016 11:34 AM EST

India's trade deficit with China continues to grow, increasing to $52.69 billion in 2015-16 from $48.48 billion in the previous financial year, starkly reminding that Indian economy still has lot of catching to do with its Asian neighbour. read more

Chicago Stock Exchange Discloses Information About Chinese Investors in Latest SEC Filings

Girish Shetti   | Nov 29, 2016 11:19 PM EST

Chicago Stock Exchange (CHX) on Monday revealed information's about Chinese investors in its latest filing with Securities and Exchange Commission (SEC). The Monday's filing was apparently meant to assuage the concern among American leaders over a possible takeover by the Chinese government. read more

Alibaba Pictures Buys Stake at Hehe Pictures

Ellie Froilan   | Nov 29, 2016 04:52 AM EST

Alibaba Pictures Group has announced its acquisition of the 30 percent stake in Chinese film investment company Hehe Pictures. read more

By 2020, China’s Box Office Sales will Reach 100 Billion Yuan

Theena Ocay   | Nov 29, 2016 10:17 AM EST

By 2020, annual box office sales are expected to reach 100 billion yuan ($14 billion), according to an industry estimates, if China's 2016 box office sales exceed its 2015 total of 44 billion yuan (US$6.38 billion). read more

CRRC Changchun Railway Vehicles is Making History in Australia

Theena Ocay   | Nov 29, 2016 09:05 AM EST

CRRC Changchun Railway Vehicles officially announced on Saturday, November 26 that it will take part in the largest railway project in Australian history with a contract worth AU$2 billion ($1.5 billion). read more

Alipay to Inspect New Social Media Features, as Raw over Lewd Contents Erupt

Girish Shetti   | Nov 28, 2016 10:13 AM EST

China's leading online payment service Alipay said on Monday that it will scrutinize its recently launched social networking features, after accusation surfaced on Chinese social media that they are laden with sexually explicit photos. read more

BMW to Redesign i3 Model for 2017

Ellie Froilan   | Nov 28, 2016 09:10 AM EST

BMW is planning to unveil a new version of its i3 electric car in 2017, which offers both practical and cosmetic improvements. read more

Dominos Japan Will Soon Deliver Pizzas... With Reindeers! [VIDEO]

Maria Velasquez   | Nov 28, 2016 06:36 PM EST

Just as it is in the U.S., people in Japan are very enthusiastic about Christmas. But unlike the U.S., the Japanese are also notorious for coming up with the craziest promotional ideas. read more

China Seeks to Impose ‘Strict Controls’ on Foreign Investments by Chinese Firms

S. Rina   | Nov 27, 2016 10:33 PM EST

China is looking to control the foreign investments made by Chinese companies. The country aims to stem the flow of domestic capital to overseas. It is expected that a series of measures in this regard will be announced soon. read more

Secretive Big Data Firm Palantir Raises $20M in Recent Funding Run: Report

Phenny Lynn Palec   | Nov 27, 2016 04:13 AM EST

New reports revealed that big data company Palantir has quietly raised $20 million in a recent funding run. The secretive company is known for its analytics, data management, and data security technology which are employed be several government, financial, and health care institutions. read more

China’s Coca-Cola Employees Down Tools After Company Sells Assets

Steve M.C.   | Nov 28, 2016 08:44 AM EST

Workers at three different Coca-Cola plants in China went on a strike on Monday, demanding that they should be involved in undertakings carried out by the firm that may affect their work. The move comes after the company sold its assets to a local Chinese firm. read more

Yum China in Talks to Acquire China’s Food Delivery Service Firm Daojia for $200 Million: Sources

Girish Shetti   | Nov 25, 2016 08:48 PM EST

Yum China Holdings Inc is holding talks to acquire local food delivery player Daojia.com for approximately $200 million, two sources close to the matter told Reuters. read more

Airbnb in Negotiations to Acquire China’s Second Largest Home Sharing Company ‘Xiaozhu’: Sources

Girish Shetti   | Nov 25, 2016 02:48 AM EST

Airbnb is discussing terms and negotiation to acquire China's second-largest home accommodation service firm, people familiar with the matter have said, as the Silicon Valley based home service company continues its quest for global expansion. read more

Trump Asks Apple CEO to Start Manufacturing iPhones in the United States

Staff Reporter   | Nov 24, 2016 10:51 PM EST

US President-elect Donald Trump recently confirmed that he was able to have a phone conversation with Apple chief executive officer Tim Cook about his intentions to convince Apple in building its products in the United States instead of abroad. read more

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