05/18/2024 03:20:43 pm
05/18/2024 03:20:43 pm
Ellie Froilan | Sep 27, 2016 03:01 AM EDT
LeEco plans to open 1,000 retail stores in India by December 2017 with the goal of expanding its reach and developing a strong brand recall. read more
Charissa Echavez | Sep 26, 2016 11:08 PM EDT
Air Canada will launch its first non-stop trans-Pacific service from Montreal to Shanghai, China, next year. read more
Charissa Echavez | Sep 26, 2016 09:55 PM EDT
China's Dalian Wanda Group, owned by billionaire Wang Jianlin, is in preliminary talks to purchase Dick Clark Productions, which is reportedly valued at $1 billion. read more
Charissa Echavez | Sep 26, 2016 08:42 PM EDT
Following a number of high-profile attempts to acquire a U.S. semiconductor maker, recent news reveals that Beijing Shanhai Capital Management offered a takeover bid to chip maker Analogix Semiconductor in a deal worth more than $500 million. read more
Charissa Echavez | Sep 26, 2016 07:30 AM EDT
Goldman Sachs is going to axe up nearly 30 percent of its 300 investment banking teams in Asia outside of Japan, sources familiar with the matter told Reuters. read more
Girish Shetti | Sep 26, 2016 10:27 AM EDT
With several Chinese telecom companies shifting their manufacturing base to India, China's state-owned Global Times newspaper has expressed concern that this development could result in severe job losses. The warning comes as the Indian government intensifies its effort to attract Chinese investment under its ambitious Make-in-India project. read more
Charissa Echavez | Sep 26, 2016 07:00 AM EDT
China's ride-hailing app Didi Chuxing announced on Monday it has invested "tens of millions of dollars" in Chinese bike-sharing startup called ofo. read more
Charissa Echavez | Sep 25, 2016 09:20 PM EDT
Japanese car maker Toyota will call back 762 imported vehicles in China from Nov. 1 because of faulty airbags, according to the country's quality watchdog. read more
S. Rina | Sep 25, 2016 10:05 PM EDT
Tencent has pledged to donate two percent of its annual profit to charity. read more
Girish Shetti | Sep 24, 2016 11:22 PM EDT
Dalian Wanda Group, the Chinese conglomerate that has interest in real estate and entertainment, inaugurated the first phase of Hefei Wanda City on Saturday. The first phase of the tourism park in the eastern city of Hefei that focuses mainly on outdoor recreation. read more
Girish Shetti | Sep 24, 2016 10:55 PM EDT
IBM China on Friday said it has completed a pilot project with Chinese credit card company China UnionPay that will help different banks to share loyalty bonus points and help credit card companies to increase customer loyalty. read more
Girish Shetti | Sep 24, 2016 10:44 PM EDT
India is planning to woo Chinese MNCs engaged in electronic manufacturing and textiles for its ambitious Make in India project. Indian government plans to showcase India as an attractive investment destination with cheap labour and improved economic climate to lure Chinese firms. read more
S. Rina | Sep 24, 2016 02:15 PM EDT
International rating agency Fitch has released a report indicating that the Chinese economy may be riddled with toxic loans worth 10 times the official estimates. The report further indicated that resolving the issue may lead to a capital shortfall worth $1.1 to $2.1 trillion, constituting 11 to 20 percent of the Chinese economy. China is currently rated as A+ by Fitch Ratings. read more
Girish Shetti | Sep 23, 2016 10:29 PM EDT
Lufax, China's biggest peer-to-peer lending platform, is holding talks with four investment banks for taking a key role in its planned IPO in Hong Kong Stock Exchange, people familiar with the matter told Reuters. read more
Charissa Echavez | Sep 23, 2016 04:28 PM EDT
FountainVest Partners has raised $2.1 billion for its most recent China-focused private-equity fund, FountainVest China Capital Partners Fund III. 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
