05/05/2024 12:06:28 pm
05/05/2024 12:06:28 pm
S. Rina | Oct 21, 2016 10:55 PM EDT
Walmart is looking to strengthen its foothold in China food market with its new $50 million investment. read more
S. Rina | Oct 21, 2016 10:41 PM EDT
Redpoint Ventures announced the launch of its new China centric fund worth $180 million. read more
S. Rina | Oct 21, 2016 10:16 PM EDT
China's war against underground banking and capital flow yielded solid results as the country uncovered $148 billion worth of illegal trades. The investigations are carried out by the State Administration of Foreign Exchange (SAFE) and are focused on capital outflows and foreign exchange transactions. The drive has already cracked 56 cases of illegal foreign exchange transactions this year so far. read more
Desiree Sison | Oct 21, 2016 07:34 AM EDT
On the last day of his state visit to China, Philippine President Duterte on Friday signed more than 20 Memoranda of Understanding MOU) agreements with China worth US$24 billion. The deals included trade, investment, and other areas of mutual interest. read more
S. Rina | Oct 21, 2016 04:35 PM EDT
JPMorgan is reportedly in talks to sell out its stake in First Capital Securities joint venture. The banking company has a 33 percent stake in the joint venture. read more
Girish Shetti | Oct 21, 2016 01:19 AM EDT
Many economists reportedly expressed doubts if the robust growth rate will sustain itself in the long run despite the country's latest GDP performance. China's GDP grew by 6.7 percent during the third quarter of this year. read more
Girish Shetti | Oct 20, 2016 11:22 PM EDT
US Private investment firm Starwood Capital Group announced on Tuesday that it offloaded a stake in a roughly $2 billion portfolio in US hotels to a consortium led by China Life Insurance Co. Ltd. read more
S. Rina | Oct 20, 2016 04:30 PM EDT
Walmart has announced that it would be using blockchain technology to track the pork supply chain in China. The technology has been used by several consumer technology and financial services companies for the purpose of more efficient record keeping. Walmart is collaborating with IBM for this purpose. read more
S. Rina | Oct 20, 2016 04:00 PM EDT
Volkswagen will unveil its new top-end car model later this week. The model has been developed exclusively for the Chinese market. The new car called Phideon has the trappings of a luxury car. Volkswagen is looking to capitalize on the latest trend of subdued luxury in the Chinese economy. read more
Charissa Echavez | Oct 20, 2016 11:50 AM EDT
General Motor's Chevrolet brand announced on Wednesday its plans to launch more than 20 all-new or refreshed cars in China by the end of the decade, including hybrids and plug-in hybrid electric vehicles. read more
Charissa Echavez | Oct 20, 2016 09:40 AM EDT
GNC Holdings Inc. has reportedly met with Chinese buyers in recent weeks for a potential buyout that could be valued up to $4 billion including debt, The Wall Street Journal reported citing sources with knowledge about the matter said. read more
Charissa Echavez | Oct 19, 2016 09:31 AM EDT
American coffeehouse Starbucks announced on Wednesday it is promoting company executive Belinda Wong to chief executive for China and revealed its plan to increase its store count to 5,000 by 2021. read more
Girish Shetti | Oct 19, 2016 05:04 PM EDT
Hyundai Motor Co has completed a manufacturing plant in China, and will add another plant next year. Hyundai motors announced that both plants would be used to manufacture only environmentally friendly cars. read more
S. Rina | Oct 19, 2016 11:08 AM EDT
Europe's largest yogurt maker Danone reported lower than expected revenue for its third quarter. read more
Desiree Sison | Oct 19, 2016 08:08 AM EDT
President Rodrigo Duterte's state visit in China has already achieved a positive result, as the country has committed US$3 billion to fund the Philippines' infrastructure projects. 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
