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Tencent Acquires Five Percent Stake in Tesla.

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

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.

Nano Tech 2005 Highlights Latest Nano Technology

China to Build World's Biggest Nanotechnology Research Platform: Report

Prei Dy |

Mar 29, 2017 04:08 AM EDT

China is planning to build the biggest multifunctional research platform for nanotechnology in the world, a bid to develop and produce more powerful computers and smart robots, an official media reported on Tuesday.

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.

Burbo Bank Wind Farm Now Fully Operational

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.

Australia Fails to Ratify China Extradition Treaty in Parliament

Girish Shetti |

Mar 28, 2017 01:44 AM EDT

Australian government was forced to withdraw the proposed extradition treaty with China on Tuesday, after members of opposition party and also few members of the government decided to unanimously oppose the treaty.

Panama Canal Readies For Planned Expansion

China Eyes Land Shopping Around Panama Canal

Prei Dy |

Mar 27, 2017 11:41 PM EDT

Chinese firms want to develop land around the Panama Canal, as Panama plans to open and build infrastructures on the currently unused locations.

China and New Zealand set to begin FTA Upgrade Talks Next Month

Girish Shetti |

Mar 27, 2017 07:31 AM EDT

China and New Zealand will start negotiation over upgrading the existing free trade agreement (FTA) in next month, Chinese Premier Li Keqiang and his counterpart Bill English announced in a joint press conference on Monday.

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.

China Warns US' B1-B Lancer Bomber Flyover in Disputed Airspace

Prei Dy |

Mar 27, 2017 01:01 AM EDT

China issued a radio warning on Tuesday to an American B1-B Lancer Bomber flying over the contested East China Sea last week, complaining that the bomber illegally entered China's airspace and ordered it to leave.

Former Civil Servant Carrie Lam is Elected as new Leader of Hong Kong

Girish Shetti |

Mar 26, 2017 07:54 AM EDT

Carrie Lam, a 59-year-old civil servant, was elected as Hong Kong's next chief executive on Sunday, after receiving an overwhelming number of votes from 12,000 strong committee members. Lam is the first woman to be elected to the highest executive post in the semi-autonomous city.

Chinese Premier Li Keqiang Arrives in New Zealand.

China’s Premier Li Keqiang Arrives in New Zealand for Trade Talks

Girish Shetti |

Mar 26, 2017 07:42 AM EDT

Chinese Premier Li Keqiang Arrived in New Zealand on Sunday for a two-day visit that will mainly focus on strengthening trade ties between the two countries. Li is the first high profile Chinese leader to arrive in New Zealand after the former Prime Minister John Key visited the Asian country last year.

Apple Scores big Victory in Copy Infringement Case.

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.

China Revokes Import ban on Brazilian Meat: Brazil’s Agricultural Minister

Girish Shetti |

Mar 25, 2017 06:25 PM EDT

China on Saturday lifted a ban on the import of Brazilin meat after receiving full assurance over the quality of meat, Brazil's agriculture minister said. The reprieve will come as a big relief for the meat industry in the Latin American country which annually exports meat worth billions of dollar to China.

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.

Kong: Skull Island Makes Roaring Debut at Chinese Box Office

Girish Shetti |

Mar 25, 2017 06:10 PM EDT

Kong: Skull Island has made a roaring debut at the Chinese box office with a $22.5 million opening day haul on Friday, which is inclusive of Thursday midnight screenings. The movie's grand opening means that Chinese audience have given a huge thumbs up to yet another big Hollywood release, following the success of Resident Evil: The Final Chapter and xXx: Return of Xander Cage.