Business

China's Xiongmai to Call Back Webcams After Friday's Cyberattack

Charissa Echavez   | Oct 25, 2016 06:40 AM EDT

Chinese electric manufacturer Hangzhou Xiongmai is calling back some of its older versions webcam in the United States after it has been linked with the massive web attack that targeted home webcams to help knock popular websites offline. read more

China’s HNA Group Acquires 25% Stake in Hilton for $6.5-B

S. Rina   | Oct 26, 2016 04:30 AM EDT

China's leading conglomerate HNA Group announced acquiring 25 percent stake in Hilton Worldwide Inc. read more

Alipay, First Data Team Up to Cater to Chinese Tourists in the U.S.

Charissa Echavez   | Oct 25, 2016 05:33 AM EDT

China's Alipay teams up with First Data to expand its mobile payment app service into the United States. read more

New Zealand's Fonterra Initiates Internal Probe after Expired Milk Powder Arrests

Charissa Echavez   | Oct 25, 2016 01:14 AM EDT

Fonterra Cooperative group Ltd. has initiated an internal probe after 19 suspects have been nabbed in Shanghai on Monday for selling about 300 tons of expired milk powder. read more

Germany Withdraws Approval for Aixtron Takeover by Chinese Group

S. Rina   | Oct 25, 2016 06:46 AM EDT

The German regulators have decided to reopen a review related to the takeover of Aixtron by a consortium of Chinese investors. read more

China Crime News: Jack Ma Urges the Country to Use ‘Big Data’ to Fight Crime

Girish Shetti   | Oct 24, 2016 11:03 AM EDT

Chinese billionaire Jack Ma has backed the use of big data to prevent serious crime across the Chinese society. read more

GM will Manufacture new SUV Model at Wuhan Factory by 2017

Girish Shetti   | Oct 24, 2016 09:30 AM EDT

US auto car maker General Motors Co (GM) plans to add a new SUV model to its production line at the recently inaugurated joint venture factory in Wuhan city. read more

China Oceanwide to Acquire Genworth Financial for $US2.7-B

Ellie Froilan   | Oct 24, 2016 04:09 AM EDT

China Oceanwide Holdings Group Co. will acquire Genworth Financial Inc. for $2.7 billion in cash to extend aid to the U.S. firm in managing as persistent low interest rates and rising costs stumble down its business. read more

Australia sends largest private trade delegation to China

S. Rina   | Oct 23, 2016 11:49 AM EDT

Australia has sent a private trade delegation to China to boost their bilateral ties. read more

India Trying to Woo Chinese Mobile Component Manufacturers for Maid e in India

Girish Shetti   | Oct 23, 2016 11:39 AM EDT

To give a huge boost to the "Make in India" initiative, India is not leaving any stone unturned to woo Chinese investors. read more

China Banking Regulator to Tighten Property Loan Norms

S. Rina   | Oct 23, 2016 11:14 AM EDT

China's real estate sector is booming. However, to avoid the risk of bubble burst, Chinese banking regulators are seeking to watch the sector more closely. read more

Alibaba Acquires Film Rights to Children's Book Series 'Warriors'

S. Rina   | Oct 22, 2016 02:42 PM EDT

Alibaba Pictures has inked a deal to acquire film rights to popular children's book series "Warriors." read more

China to Go Environment-Friendly with ‘Uber for Bikes’

S. Rina   | Oct 22, 2016 02:32 PM EDT

China is taking an innovative step to fight environmental pollution, as ride-sharing for bikes is now being introduced. read more

China Surpasses U.S. in Apple's iOs App Store Revenue for the First Time

Charissa Echavez   | Oct 21, 2016 08:41 PM EDT

China has surpassed the United States as Apple iOs' largest market, which has been reigning the top spot since 2010, according to a new report from app intelligence firm App Annie published on Thursday (Oct. 20). read more

China's Ride-sharing Giant Didi Chuxing to Go Global

S. Rina   | Oct 21, 2016 11:36 PM EDT

Chinese ride-sharing giant Didi Chuxing has plans to go global and it is now drawing some strategies to achieve this goal. read more

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