Business

Singapore's Deputy PM Provides Bitcoin Vote of Confidence Amid China's Blanket Bans

Staff Reporter   | Mar 02, 2018 12:53 PM EST

Singapore's deputy Prime Minister, Tharman Shanmugaratnam, has reiterated the Singaporean government's commitment "not to ban" digital currencies within its future regulatory plans. read more

China warns investors over risks in overseas virtual currency trading

Chinatopix   | Jan 29, 2018 02:59 PM EST

BEIJING - A leading Chinese Internet finance guild has warned domestic investors about risks in trading overseas "initial coin offerings" (ICOs) and virtual currency transactions. read more

Alibaba's Jack Ma is now China's Richest Man, Surpasses Wanda's Wang Jianlin: Forbes

Charissa Echavez   | May 15, 2017 03:16 PM EDT

Alibaba's Jack Ma has surpassed Wanda Group Chairman Wang Jianlin as the richest man in China, according to estimates by Forbes. read more

China's C919 Aircraft Could Land in Africa, Germany, Thailand

Charissa Echavez   | May 10, 2017 03:15 AM EDT

Preliminary forecasts suggested that China's first jet liner will only likely find its way in the Chinese market, but latest predictions from analysts for short to mid-term suggest that Commercial Aircraft Corporation of China (COMAC)'s C919 could also land outside the great wall. read more

Macau Launches Facial Recognition Tech for UnionPay ATMs

Prei Dy   | May 08, 2017 02:45 AM EDT

Macau is requiring users of China's UnionPay bank card to present their identity card and pass a facial recognition scan to be able to withdraw cash, the local government announced on Monday. read more

Foxconn to Establish Amazon Production Center in China

Prei Dy   | May 01, 2017 06:40 PM EDT

Foxconn is planning to build a production center in Hengyang, central China to produce devices for Amazon. read more

Drone Maker China Eagle to Build Biggest Production Base for Industrial UAVs

Prei Dy   | Apr 28, 2017 07:16 AM EDT

China Eagle, maker of the Divine Eagle and the Sharp Sword stealth drones, is planning to construct the country's biggest production base for industrial unmanned aerial vehicles (UAVs). read more

China to Become World's Biggest Craft Beer Consumer: Report

Prei Dy   | Apr 28, 2017 05:33 AM EDT

China is set to become the world's largest consumer of craft beer, a new report from Drink Sector claimed. read more

First Bell 429 Helicopter for EMS Service Arrived in China

Prei Dy   | Apr 21, 2017 07:26 AM EDT

Bell Helicopter and Air method's subsidiary United Rotorcraft has delivered one unit of Bell 429 helicopter to Reignwood Investment, representing its first EMS service in China. read more

Local Chinese Carmakers Hit Lowest Recall Record in 2016; Could Signal Underreporting

Prei Dy   | Apr 19, 2017 05:16 AM EDT

Local Chinese carmakers reported the lowest record of total recalls in 2016, accounting for only 1 percent. The figure, which represents only a minute fraction of its 41 percent share on the overall car sale in the country, could signal a potential underreporting of quality and safety issues. read more

China’s Ford Sales Down by 21%

Girish Shetti   | Apr 15, 2017 11:39 AM EDT

Ford Motor faced a serious speed breaker in the Chinese market during the first quarter of the current financial year as the U.S. auto giant has reported a sharp 21 percent decline in sales. The flattening of its sales in China represents a growing challenge for Ford in the world's largest auto market. read more

Alibaba's Ant Financial Forms Partnership with Indonesia's Emtek

Ellie Froilan   | Apr 14, 2017 05:41 AM EDT

Alibaba's payment affiliate Ant Financial Services has formed partnership with Indonesia's Emtek Group. read more

China to Likely Increase Hollywood Film Quota After Trump Deal: Researcher

Prei Dy   | Apr 13, 2017 05:45 AM EDT

China will likely increase its quota for Hollywood films as part of its trade deal with the United States, a Chinese government researcher said. read more

Dalian Wanda Creates Investment in China's Healthcare Industry

Ellie Froilan   | Apr 11, 2017 02:35 AM EDT

Dalian Wanda Group Co Ltd has announced its plan of investing CNY 70 billion ($10 billion) in a health park located at Sichuan Province, southwest of China. read more

China's Dongfeng, Nexteer Team up to Produce Power Steering Systems

Prei Dy   | Apr 11, 2017 02:32 AM EDT

China's Dongfeng Motor Group Co Ltd will team up with auto parts maker Nexteer Automotive Group Ltd to create and produce electric power steering systems for Dongfeng passenger cars, Nexteer announced on Monday. read more

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