Business

Chinese Billionaire Jack Ma Demands Tough Laws Against Counterfeiters

Girish Shetti   | Mar 08, 2017 07:48 AM EST

E-commerce billionaire Jack Ma wants Chinese policy makers to make tough laws to crackdown on counterfeit goods as Alibaba struggles to keep millions of fake goods off its shopping websites. read more

China’s February Import Surges to record a Rare Trade Deficit

Girish Shetti   | Mar 08, 2017 06:37 AM EST

China's import rose sharply in the month of February to post a rare trade deficit, which is likely to recast worrying clouds over economic recovery of the second largest economy after the Asian giant posted an impressive trade figures in the month of January. read more

ZTE Pleads Guilty in Illegal Export case, Agrees to pay Record Fine

Girish Shetti   | Mar 08, 2017 01:54 AM EST

China's telecom giant ZTE Corp has finally reached a settlement with the U.S authorities in the illegal shipment case by pleading guilty and agreeing to pay a hefty fine. read more

Wanda Group Joins China's UnionPay for Mobile Payment System Expansion

Ellie Froilan   | Mar 06, 2017 04:36 AM EST

Dalian Wanda Group and China UnionPay have formed a strategic partnership to integrate its offline and online resources. read more

Tencent Proposes to Develop 'Bay Area' of China

Ellie Froilan   | Mar 06, 2017 03:00 AM EST

Tencent Holdings Chairman Pony Ma Huateng plans to create China’s own Bay Area or “Silicon Valley,” which is a large technology hub linking innovation, manufacturing and finance. read more

South Korean Trade Minister Vows Retaliation Against China’s Unfair Trade Practices

Girish Shetti   | Mar 06, 2017 02:00 AM EST

South Korea's Trade Minister Joo Hyung-hwan on Sunday vowed to give a fitting response if China does not back off from its unfair trade practices against the Korean companies in the ongoing THAAD tension. read more

China Slashes Economic Growth Rate to Modest 6.5% for 2017

Girish Shetti   | Mar 05, 2017 07:48 AM EST

China will cautiously chart the economic path in 2017 as the world's second largest economy slashed its projected economic growth rate for the current year to a new low. The cut in the country's projected economic growth rate was more or less expected after the Chinese economy endured nothing short of an economic tsunami last year. read more

Don’t Underestimate India’s Manufacturing Sector: State Media Warns China

Girish Shetti   | Mar 04, 2017 03:38 AM EST

China's popular state-owned tabloid The Global Times has warned the Chinese government against reposing over-confidence in its tradition manufacturing sector in the wake of increasing competition from India. read more

LeEco Stumbles in Indian Market, Fires 85% Staff in the Country

Girish Shetti   | Mar 03, 2017 06:55 AM EST

The embattled Chinese conglomerate LeEco has once again raised concerns over its declining business as the company begins to possibly wind up its business in the all-important Indian market. The once resurgent company announced that it is firing 85 percent of its Indian staff and is also allowing two of its top executives to resign. read more

China’s new Banking Regulator Chief Promises big Reforms

Girish Shetti   | Mar 02, 2017 09:32 AM EST

China's newly appointed banking regulator Guo Shuqing has lived up to his reputation of being a hardcore "reformist" in the first week on the job. Barely two days into his new position as chairman of the China Banking Regulatory Commission (CBRC), Guo has promised to introduce a slew of reforms to revitalize China's debt-ridden banking sector. read more

Tesla Crosses one Billion Revenue Mark in China

Girish Shetti   | Mar 02, 2017 06:48 AM EST

Tesla finally seems to be getting its cards right in the Chinese auto market as the American electric car manufacturer announced that its yearly revenue crossed the $ 1 billion milestone in 2016. read more

Ofo is the first Official Unicorn in China’s Upcoming Bicycle Rental Industry

Girish Shetti   | Mar 01, 2017 08:44 AM EST

China's bicycle rental sharing start-up Ofo has achieved the coveted unicorn status with its latest fund raising exercise that was led by the Russia's DST. Ofo raised $ 450 million in its Series D round of funding to hit a valuation of $1 billion. read more

China’s Manufacturing Sector on a roll, February PMI Beats Analyst’s Expectations

Girish Shetti   | Mar 01, 2017 06:08 AM EST

The Chinese economy has made yet another case for economic recovery as factory activities in the month of February continued its strong growth, according to the official and private data released simultaneously on Wednesday. read more

China Aggressively Pursues Goal of Hitting its Steel and Coal Capacity Reduction Targets

Jenia Cane   | Feb 27, 2017 05:33 PM EST

China aims to hit its steel and coal capacity reduction targets for this year, as the country aims to sustain the momentum of the structural reforms it initiated last year. read more

Nokia to Supply Xiaomi With Fiber Optic Network

Ellie Froilan   | Feb 27, 2017 10:01 AM EST

Nokia has announced its deal with China's Xiaomi, where it will supply state-of-the-art fiber optic network to link seven data centers in the Beijing region. read more

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