Business

China’s oil Juggernaut CNPC Snaps up 8 percent Stake in Abu Dhabi’s Oil Venture

Girish Shetti   | Feb 20, 2017 01:47 AM EST

China's state owned oil and petroleum giant The China National Petroleum Corporation (CNPC) has snapped an 8 percent stake in Abu Dhabi's largest oil concession in a deal that is worth estimated to be $1.77 billion. read more

HNA Group Picks up 3.04 Percent Stake in Deutsche Bank

Girish Shetti   | Feb 18, 2017 02:47 PM EST

Chinese conglomerate HNA Group has snapped up a 3.04 percent stake in Deutsche Bank, marking its latest acquisition. The minority stake will make the aviation and shipping company one of the largest shareholders in the embattled German financial firm. read more

Baidu Acquires AI Start-Up Raven Tech

Ellie Froilan   | Feb 16, 2017 11:01 PM EST

Baidu has announced its acquisition of Beijing startup Raven Tech for its artificial intelligence advocacy. read more

China’s GDP Target for 2017 on Track

Jenia Cane   | Feb 16, 2017 04:50 PM EST

A leading international financial institution is confident that China will be able to achieve its target GDP this year notwithstanding the challenges facing the global economy. read more

Mattel Joins Alibaba to Develop Educational Toys for Chinese Consumers

Ellie Froilan   | Feb 15, 2017 12:35 AM EST

Mattel has formed a strategic partnership with e-commerce giant Alibaba to develop new toys designed for the Chinese marketplace. read more

China’s Sinochem in Talks With Commodity Giant Noble Group for Equity Stake: Report

Girish Shetti   | Feb 14, 2017 10:45 AM EST

China's state-owned Sinochem is in preliminary talks to pick up a substantial equity stake in the commodity giant Noble Group, according to inside sources. There is no information, however, on how much stake Sinochem is looking to buy in the commodity firm. read more

China’s Weibo Finally Gets the Better of Twitter in Market Capitalization War

Girish Shetti   | Feb 14, 2017 07:15 AM EST

China's microblogging website Weibo has for the first time leapfrogged its American peer Twitter in market capitalization, after Twitter's shares plunged two days in a row due to disappointing fourth quarter results. read more

China’s January inflation jumps 2.5 per cent in January; beats Analysts Expectations

Girish Shetti   | Feb 14, 2017 03:13 AM EST

China's consumer inflation in January hit the highest level since May 2014 on the back of soaring food prices, official data showed on Tuesday. China's consumer price index increased 2.5 per cent in January from a year earlier. read more

China’s January Exports Rebound on the back of Improved Global Demand

Girish Shetti   | Feb 10, 2017 10:34 AM EST

China's export in January finally bucked the declining trend on the back of an improving global demand. The Chinese export was continuously on a downslide during most part of the last year due to lacklustre demand in the global market. read more

Baidu Stops Mobile Healthcare Unit to Focus On AI Services

Ellie Froilan   | Feb 10, 2017 05:45 AM EST

Baidu Inc. has announced the shutdown of its two-year-old mobile healthcare business unit in exchange of artificial intelligence (AI) team. read more

Oppo Becomes Top Smartphone Brand in China

Ellie Froilan   | Feb 09, 2017 02:42 AM EST

Oppo has taken over the top spot of smartphone manufacturer in China; according to the current report of market research firm International Data Corporation (IDC). read more

Chinese Mobile Phone Makers Among the top Smartphone Growth Drivers in 2016

Jenia Cane   | Feb 08, 2017 08:59 AM EST

Several Chinese phone makers have been cited among the top brands that made it big in terms of smartphone sales in 2016. read more

Disney Boss Bob Iger Warns Against China-US Trade War

Girish Shetti   | Feb 08, 2017 08:05 AM EST

A trade war with China and the U.S. would prove to be detrimental, according to Disney's boss Bob Iger. The possibility of a trade war between both nations has been looming since U.S. President Donald Trump assumed office last year. read more

Alibaba to Offer Free Internet in India

Ellie Froilan   | Feb 08, 2017 02:17 AM EST

Alibaba has a plan to provide affordable data services and even internet in India, partnering with telecom operators as well as Wi-Fi providers in the country. read more

Alibaba Opens Melbourne Office for Global Expansion

Ellie Froilan   | Feb 06, 2017 11:11 PM EST

Alibaba Group Holding Limited has opened its first Australian and New Zealand (ANZ) headquarters in Australia's Melbourne, marking another worldwide expansion of the Chinese e-commerce giant. read more

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