Business

Mahindra's SsangYong Motor to Form Joint Venture with China's Shaanxi Automobile

Charissa Echavez   | Oct 13, 2016 01:22 AM EDT

South Korean SUV maker SsangYong Motor Co. is exploring a joint venture with China's Shaanxi Automobile Group Co. to establish a manufacturing plant in the world's biggest automobile market. read more

Baidu Creates $3-B Internet Investment Fund

Ellie Froilan   | Oct 13, 2016 03:08 AM EDT

China-based search engine giant Baidu has set up an investment fund of 20 billion yuan ($3 billion) to finance mid and late-stage deals in the internet sector. read more

Apple Gets a Didi Chuxing Board Seat Following $1B Investment: Report

Charissa Echavez   | Oct 12, 2016 11:17 PM EDT

Apple took a board seat on China's Uber Didi Chuxing weeks after the iPhone maker invested $1 billion in the ride-hailing company, according to a regulatory finding learned by The Information. read more

China and India may Collaborate to Build Colombo Financial City

S. Rina   | Oct 12, 2016 10:16 PM EDT

China has invited India to collaborate in building the Colombo International Financial City in Sri Lanka. read more

Japan's Kawasaki Heavy to Produce Human-Friendly Industrial Robots in China: Report

Charissa Echavez   | Oct 12, 2016 10:00 AM EDT

Japan's Kawasaki Heavy Industries will make industrial robots in China, according to Nikkei Asian Review. read more

250 Filipino Business Executives to Join President Duterte's Delegation to China

Desiree Sison   | Oct 12, 2016 08:43 AM EDT

Philippine President Rodrigo Duterte will be accompanied by 250 businessmen on his trip to China next week as he takes the initial steps to repair broken ties with Beijing. read more

Huawei Invests $1 Million for AI Research Partnership with UC Berkeley

Ellie Froilan   | Oct 12, 2016 11:31 AM EDT

Huawei is partnering with the University of California, Berkeley to foster a research and development initiative on artificial intelligence (AI). read more

China-UK Flights to Increase 150% Following Deal

Charissa Echavez   | Oct 12, 2016 01:45 AM EDT

Flights between China and the United Kingdom are poised to more than double after the two nations agreed to increase the number of operations to 150 percent. read more

Yum Talks About Future After China Spinoff, to Triple Restaurants

S. Rina   | Oct 12, 2016 11:11 AM EDT

Yum Brands Inc. is looking to increase the number of restaurants in its China division threefold. read more

HSBC Predicts Growing Demand for China Bonds

S. Rina   | Oct 12, 2016 10:22 AM EDT

HSBC expects the demand for onshore Chinese government bonds to increase fivefold in the next two years. read more

Global Automakers Report Accelerated China Sales in September

S. Rina   | Oct 12, 2016 09:41 AM EDT

China auto market showed a rebound as major global automakers reported higher sales for the month of September. read more

GM Invests in Chinese Car-Rental Technology Startup Yi Wei Xing

Charissa Echavez   | Oct 11, 2016 11:41 PM EDT

General Motors (GM) announced on Tuesday it has invested an undisclosed amount in China's Yi Wei Xing, a car-sharing platform behind Feezu, as it takes another move to explore "personal mobility" in China. read more

Ford's Lincoln Eyes China Production as Sales Surge

Charissa Echavez   | Oct 11, 2016 09:51 PM EDT

Ford Motor's luxury unit Lincoln is currently studying the feasibility of locally producing cars in China, following its sales surge in the country, the brand's China chief said on Monday. read more

Samsung to Call Back Over 191,000 Galaxy Note 7 in China

Charissa Echavez   | Oct 11, 2016 08:12 PM EDT

Samsung Electronics Co. is recalling around 191,000 Galaxy Note 7 smartphones across mainland China, the country's product regulator said on Tuesday. read more

India’s Largest SUV Maker Mahindra & Mahindra Looks for Partner in China

S. Rina   | Oct 11, 2016 08:53 PM EDT

China 's burgeoning auto market is attracting foreign companies, the latest of which is Mahindra & Mahindra, India's largest SUV maker. read more

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