Business

Tencent Snaps up Five Percent Stake in Elon Musk’s Tesla

Girish Shetti   | Mar 29, 2017 04:12 AM EDT

Tencent has picked up a five percent stake in American electric car manufacturer Tesla. The Chinese internet giant has reportedly bought nearly 8.2 million shares in Tesla. read more

American Airlines Acquires Minority Stake in China Southern Airlines

Girish Shetti   | Mar 28, 2017 05:31 AM EDT

China Southern Airlines Co. announced on Tuesday that it has agreed to sell more than two percent stake to American Airlines for approximately $200 million. The deal makes the American Airlines the second U.S. carrier to own a minority stake in Chinese carrier after Delta Air Lines picked up a 3.55 percent stake in China Eastern Airlines in 2015. read more

GE Renewable Energy to Deliver Haliade 150 Wind Turbines to China

Prei Dy   | Mar 28, 2017 02:57 AM EDT

GE Renewable Energy has been selected to deliver three 6MW Haliade 150 offshore wind turbines for a 73MW demonstration project in China, expanding the US company's overseas wind offering to Asia. read more

China Eclipses Singapore to Become Biggest Investor in Malaysia’s Real Estate Market

Girish Shetti   | Mar 27, 2017 02:09 PM EDT

China has overtaken Singapore to emerge as the biggest investor in Malaysia's real estate market, according to data prepared by a leading research company. This suggests that Chinese investors are getting wary about the soaring real estate prices in the domestic market and are hunting for cheap bargains abroad. read more

Hyundai Temporarily Shuts Plant in China Amid THAAD Tension: Report

Girish Shetti   | Mar 27, 2017 03:02 AM EDT

Hyundai Motor has temporarily decided to suspend production at a Chinese plant starting from next week, South Korean online news website ChosunBiz reported on Sunday, in what appears to be the latest fallout of the ongoing THAAD fiasco. read more

Apple Scores big Victory in Copyright Infringement Case in China

Girish Shetti   | Mar 26, 2017 07:35 AM EDT

Apple on Saturday scored a judicial victory that could potentially turn into a watershed moment for company's copyright infringement battle in the Chinese smartphone market. A regional patent tribunal in Beijing has overturned last year's ruling that accused Apple of stealing the iPhone 6's design from a local Chinese phone manufacturer Shenzhen Baili, resulting in a subsequent ban on the iPhone 6 and iPhone 6 Plus in the country. read more

Baidu to Expand Footprint in Silcon Valley With Second R&D Facility

Girish Shetti   | Mar 25, 2017 06:14 PM EDT

Baidu has once again made it clear that Artificial intelligence (AI) is among its top business priorities. China's Google clone announced on Friday that it would set up its second research and development (R&D) facility in the Silicon Valley to help the company get an edge in the AI sector. read more

American Airlines may become a Stakeholder in China Southern Airlines: Report

Girish Shetti   | Mar 23, 2017 09:15 AM EDT

The state-owned China Southern Airlines is currently pursuing a sale with the American Airlines (AA), with talks reportedly having reached to the advanced stage. If the talks are successful, it would bring together two of the biggest airlines in the world. read more

Huawei to Invest in Research and Development in New Zealand

Ellie Froilan   | Mar 22, 2017 05:12 AM EDT

Huawei has announced a huge investment in research and development in New Zealand over the next five years. read more

Airbnb’s Moment of big Leap of Faith in China

Girish Shetti   | Mar 22, 2017 05:00 AM EDT

Airbnb has finally made its mind to go for the one big crack in the Chinese market, which will probably make or break its destiny in the world's largest tourism market. read more

Leeco Forms Partnership with Amazon to Sell 'EcoTVs'

Ellie Froilan   | Mar 22, 2017 03:14 AM EDT

Leeco has announced its partnership with Amazon India to sell next generation “ecotvs” in Indian market. read more

Microsoft set to Unveil new Customized Windows 10 for Chinese Market

Girish Shetti   | Mar 22, 2017 03:13 AM EDT

America's software giant Microsoft has announced that it is ready with its new customized Windows 10 version to quell down all the security concerns of Chinese authorities. read more

IBM Join Hands with Wanda Group to Enter China’s Cloud Market

Girish Shetti   | Mar 20, 2017 08:30 AM EDT

IBM has officially entered into China's lucrative cloud technology market through a joint venture with Wanda Internet Technology, a sister company of the Chinese conglomerate Dalian Wanda. read more

South Korea Lodges WTO Complaint Against China’s Controversial Trade Practices

Girish Shetti   | Mar 20, 2017 05:23 AM EDT

South Korea has lodged compliant in the World Trade Organization (WTO) over China's alleged unfair trade practices in the wake of THAAD missile fiasco. This was confirmed by the country's trade minister Joo Hyung-Hwan on Monday. read more

Apple’s CEO Tim Cook Asks China to Open up to Globalization

Girish Shetti   | Mar 19, 2017 02:53 AM EDT

Apple's CEO Tim Cook has called on China to continue opening up its market for truly relishing the fruits of globalization. The Apple boss was speaking at a government sponsored development forum in Beijing on Saturday. read more

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