Business

Misfit Phase, an Analog Timepiece with Smartwatch Capabilities

Phenny Lynn Palec   | Oct 19, 2016 10:41 AM EDT

Smart wearable manufacturer Misfit recently launched a new device called the Misfit Phase, a unique combination of an impressive-looking analog watch with a set of smart sensors that can track its user's steps, sleeping habits and even help them in their fitness goals. read more

China’s Economy Bounces Back, Grows 6.7% in 3rd Quarter

Girish Shetti   | Oct 19, 2016 09:28 AM EDT

The Chinese economy is showing signs of bouncing back after it registered a growth rate of 6.7 percent in the third quarter of the current financial year, the National Bureau of Statistics said on Wednesday. read more

GM's Buick Surpasses 1 Million Global Sales, Thanks to China

Charissa Echavez   | Oct 18, 2016 10:54 PM EDT

General Motor's Buick sold more than 1 million units in global sales this year through September, thanks largely to the 860,384 vehicles sold in China, the automaker said on Tuesday. read more

Dalian Wanda Offers 40% Rebate to Hollywood Filmmakers

S. Rina   | Oct 18, 2016 10:26 PM EDT

Dalian Wanda is luring Hollywood filmmakers with hefty 40 percent discount on some of the filming costs. read more

Tencent Gets AVIC, CITIC and Others to Invest $850-M for Supercell Purchase

S. Rina   | Oct 18, 2016 09:48 PM EDT

Tencent Holdings has joined hands with a consortium of investors to partly fund its Supercell acquisition. read more

China Detains 18 Employees of Australia's Crown Resorts for 'Gambling Crimes'

Charissa Echavez   | Oct 18, 2016 06:30 AM EDT

China has detained 18 employees from an Australian firm Crown Resorts, including its vice president of its V.I.P. international operations in an attempt to crackdown gambling in the country. read more

Japan's Uniqlo Plans to Open 100 Stores for Greater China Expansion

Charissa Echavez   | Oct 18, 2016 02:29 AM EDT

Japanese apparel retailer Uniqlo is eyeing on the Greater China market, with the aim of opening about 100 stores during the coming financial year. read more

Honda to Build Another Car Factory in Wuhan, China

Charissa Echavez   | Oct 17, 2016 11:59 PM EDT

Honda will build a new car manufacturing plant in Wuhan, China, with operations target to begin in the spring of 2019, Nikkei Asian Review reported on Tuesday. read more

Netflix Abandons China Expansion Plan For Now

Charissa Echavez   | Oct 17, 2016 07:20 PM EDT

Netflix has decided to scrap its China expansion for now, the streaming service announced on Monday during its third-quarter earnings report. read more

President Duterte's China Visit to Focus More on Business Than South China Sea Dispute

Desiree Sison   | Oct 17, 2016 07:21 AM EDT

On the eve of Philippine President Rodrigo Duterte's official state visit to China, economic analysts have said the bilateral talks between the two countries would likely center on business and trade instead of their dispute over territories in the South China Sea. read more

Wanda's Ffan.com Leads $230M Series B Financing for Smart Parking App ETCP

Charissa Echavez   | Oct 17, 2016 02:36 AM EDT

Ffan.com, an e-commerce subsidiary of Dalian Wanda Group, has led a 1.55 billion yuan ($230 million) series B funding round for Chinese smart parking mobile app operator ETCP, the China Money Network reported. read more

China’s ZTO Express Aims for Biggest Chinese IPO Since Alibaba

S. Rina   | Oct 16, 2016 09:24 AM EDT

Chinese delivery and logistics giant ZTO Express has announced terms for its IPO. The Shanghai-based company is looking to raise up to $1.3 billion worth of funds from the market. It is likely to be the biggest US IPO for 2016. The logistics firm plans to sell 72.1 million shares in the price bond of $16.50 and $18.50. read more

GE Focuses on China for Global Expansion

S. Rina   | Oct 15, 2016 10:58 PM EDT

GE is looking to increase its collaboration with China to aid the country's Silk Road initiative. The company plans to enhance the sale of its equipment such as wind turbines and coal plants by partnering with Chinese companies. It also endeavors to supply power infrastructure to growing markets. read more

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