05/05/2024 11:05:03 am
05/05/2024 11:05:03 am
Steve M.C. | Nov 14, 2016 02:20 PM EST
Environmentalists in China have voiced concern about China's low recycling habits following Singles Day, the world's biggest shopping extravaganza that happened last week Friday. read more
Ellie Froilan | Nov 14, 2016 02:08 AM EST
Tencent Pictures is planning to spend over $295 million on film production in China and Hollywood. read more
Ellie Froilan | Nov 14, 2016 12:41 AM EST
Dalian Wanda Group Co. will invest 100 billion yuan ($14.7 billion) to develop a theme park complex and 15 shopping malls in China’s central Hunan province. read more
Phenny Lynn Palec | Nov 14, 2016 12:57 AM EST
Japanese automaker Toyota recently agreed to pay more than $3.4 billion in order to settle a federal class action suit brought by owners of pickup trucks and SUVs in the United States. The plaintiffs said that frames of affected cars have the tendency to pick up rust. read more
S. Rina | Nov 13, 2016 05:09 PM EST
McLaren CEO Ron Dennis faces an uncertain future due to an ongoing battle in the automotive group. The company chief is fighting a court case filed by other shareholders of the company calling for him to step down. read more
S. Rina | Nov 13, 2016 05:04 PM EST
Leading Chinese online insurance company ZhongAn has announced that it is establishing a new technology company. The newly formed, wholly owned subsidiary will be involved in diverse fields such as Artificial Intelligence, Big Data, Cloud Computing, and Blockchain. read more
S. Rina | Nov 13, 2016 04:58 PM EST
China's first trade convoy reached Gwadar in Pakistan on Saturday, signaling the opening of a part of the trade route between the two countries. The China-Pakistan Economic Corridor (CPEC) forms a link between Xinjiang province in China with Baluchistan in Pakistan. read more
S. Rina | Nov 13, 2016 01:48 PM EST
Chinese e-commerce behemoth Alibaba broke records on Singles Day. The company reported that it processed $18 billion worth of trade on the day, showing a 32 percent increase over the previous year figure of $14.3 billion. The company also reported that 82 percent of the purchases were made from mobile devices. read more
S. Rina | Nov 13, 2016 01:15 PM EST
China's SAIC Motor Corp has inked a deal with Audi AG, which may see the Chinese company producing the luxury cars. The deal was signed on Friday and is likely to be announced on Monday. read more
S. Rina | Nov 13, 2016 01:19 PM EST
The Shanghai Composite Index gained 0.8 percent during Friday session. The benchmark index is now more than 20 percent up from its low in January. The spike also indicates the beginning of a "bull market." However, the index is still 48 percent down from its 2007 high. read more
Steve M.C. | Nov 13, 2016 12:02 PM EST
A Chinese official has confirmed the possibility of China meeting its yearly target of reducing its over congested steel and coal industry. read more
Girish Shetti | Nov 12, 2016 07:22 AM EST
The Shanghai Disney Resort appears to have hit the bullseye as Walt Disney Co. predicts that the park will hit break-even in its first full year of operation in 2017. The company's ambitious claim is backed by robust numbers indicating that the park drew nearly four million visitors during four months of operation. read more
Girish Shetti | Nov 12, 2016 02:55 PM EST
BYD Motors, the U.S division of the Chinese automaker BYD Co Ltd, launched a new fully-electric refuse truck in U.S on Thursday. The new truck was manufactured in collaboration with Wayne Engineering, a US-based waste management equipment company. read more
Girish Shetti | Nov 12, 2016 11:51 AM EST
China's tech giant Tencent managed to steal some thunder out of Alibaba's annual Singles' Day sales on Friday by announcing a gift of $220 million worth shares for its nearly 31,500 employees. The special generosity on employees was shown to commemorate the 18th birth anniversary of the company. read more
S. Rina | Nov 11, 2016 01:50 PM EST
China has announced that it would place limits on coal output until the end of March next year. The decision was made despite the rise in coal prices due to limited supply. The move is likely to curb the speculative practices in the market. 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
