Business

EU Opens 2nd Phase of Investigation in ChemChina- Syngenta Deal

Girish Shetti   | Oct 30, 2016 12:34 AM EDT

European Union antitrust regulators opened on Friday the second phase of its investigation about the proposed takeover of Swiss-based Syngenta AG by Chinese state-owned ChemChina. This means the fate of the multibillion dollar deal will now be decided next year. read more

Amazon Challenges Alibaba With Prime Service in China

S. Rina   | Oct 28, 2016 11:26 AM EDT

Amazon has started its Prime service in China. The service will allow the company to take advantage of China's growing demand for foreign goods. read more

Xinhuanet Makes IPO Debut in Shanghai Stock Exchange

Girish Shetti   | Oct 29, 2016 02:32 AM EDT

Xinhuanet.com, the official website of Chinese state media Xinhua News Agency, launched its initial public offering (IPO) at Shanghai stock Exchange on Friday. Xinhuanet now has become the second state media company, after People.cn, to go public. read more

Domestic Firms Eat Apple’s Market Share in China

S. Rina   | Oct 28, 2016 05:45 PM EDT

Apple CEO Tim Cook reiterated his optimistic vision about China, particularly with its market share. read more

Toyota Recalls Another 5.8 Million Cars over Faulty Takata Airbags

Charissa Echavez   | Oct 27, 2016 02:27 AM EDT

Toyota announced on Wednesday it will call back about 5.8 million cars in Japan, Europe, China, and other countries over Takata's defective air bag inflators, bringing the total number of recalled Toyota vehicles to 23.1 million since the start of Takata scandal. read more

China’s ZTO Raises $1.4-B with a Blockbuster IPO in the U.S.

Girish Shetti   | Oct 27, 2016 09:13 PM EDT

Chinese package delivery company ZTO Express raised whopping $1.4 billion on Wednesday through an IPO (Initial Public Offering) in New York Stock Exchange (NYSE). This is the largest IPO in U.S markets so far this year and also largest by a Chinese company since Alibaba's grand IPO debut in 2014. read more

China Bans Samsung Galaxy Note 7 Onboard Flights from Oct. 27

Charissa Echavez   | Oct 26, 2016 11:40 PM EDT

While many airline companies and governments have already banned the Galaxy Note 7 onboard flights, the Civil Aviation Administration of China (CAAC) is yet to officially prohibit the phone starting Thursday (Oct. 27). read more

Fonterra Suspends Jiawa Dealership Deal Following Milk Powder Scam

Charissa Echavez   | Oct 26, 2016 09:30 PM EDT

Fonterra Cooperative Group Ltd. has suspended its distribution agreement with China's Jiawa following the arrest of 19 people suspected of repackaging and reselling expired milk powder from New Zealand. read more

Savari, SAIC Motor Team Up to Bring V2X Sensor Technology to China

Charissa Echavez   | Oct 26, 2016 07:29 AM EDT

US sensor maker Savari Inc announced on Tuesday that it has inked a deal with Chinese car maker SAIC Motor Corp. Ltd. to manufacture and distribute Savari's V2X communications solutions in China and other markets in Southeast Asia. read more

Chinese State-Owned Mines in Talks for Stake in Barrick's Veladero Mine: Report

Girish Shetti   | Oct 26, 2016 06:07 PM EDT

China's state-owned mining companies Zijin Mining Group Co. Ltd and Shandong Gold Mining Co. Ltd have held separate discussions with Barrick Gold Corp. to acquire a 50 percent stake in its Veladero gold mine in Argentina, according to people familiar with the matter. read more

Oppo and Vivo are the top Phone Companies in China

S. Rina   | Oct 26, 2016 05:51 PM EDT

Chinese smartphone companies Oppo and Vivo have clinched the top spots on the list of the biggest phone companies in the country. read more

Direct Flight to Bring Fresh Milk from Tasmania to China

S. Rina   | Oct 26, 2016 10:42 AM EDT

A new direct flight is planned to bring fresh milk from Chinese-owned dairy company in Tasmania to China. read more

China's Xiongmai to Recall 10,000 Webcams in Aftermath of DDoS Attack

Charissa Echavez   | Oct 25, 2016 11:01 PM EDT

Chinese manufacturer Hangzhou Xiongmai Technology Co. will recall up to 10,000 webcams following last week's cyberattack that denied access to some of the biggest websites in the world, the company told Reuters on Tuesday. read more

Didi Chuxing Updates Uber China App, Made it Chinese User Friendly

Charissa Echavez   | Oct 25, 2016 10:12 AM EDT

After acquiring its rival Uber, Didi Chuxing has launched an updated version of Uber for Chinese users. read more

Syngenta Shares Battered by Possible Lag in ChemChina Delay

Girish Shetti   | Oct 26, 2016 07:27 AM EDT

Syngenta AG stocks slumped more than 9 percent on Monday over the fear that Chinese state owned ChemChina's multi-billion takeover of the company may face regulatory hurdles. read more

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