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China Mobile offers new data packages

China Mobile offers new data packages

CHINA Mobile will offer more data and favorable price packages to 20 million users in Shanghai from Friday as it aims to compete with its two rival state-owned carriers. China Mobile’s users in Shanghai ...

Zhu Shenshen | August 23, 2017, Wednesday


Chinese eye luxury spending splurge

Chinese eye luxury spending splurge

CHINA’S luxury online spending is set to account for 13 percent of the total luxury expenditure by 2021, nearly double the 7 percent in 2016, a joint report by CBN Data and Alibaba’s retail site Tmall ...

Ding Yining | August 23, 2017, Wednesday


Electric auto JV set for bright future

Electric auto JV set for bright future

FORD Motor Co said yesterday that it has signed a memorandum of understanding with Chinese car manufacturer Anhui Zotye Automobile Co to establish a joint venture to produce electric vehicles. The new ...

Hu Yumo | August 23, 2017, Wednesday


SOHO China sees net profit climb in H1

SOHO China sees net profit climb in H1

SOHO China, which owns and operates the largest co-working space chain in Beijing and Shanghai, said yesterday that its net profit surged in the first half of this year amid higher valuation gains on investment...

Cao Qian | August 23, 2017, Wednesday


Shanghai trade with US robust

Shanghai trade with US robust

SHANGHAI customs said it has seen trade with the US outpace the rise in overall trade in the first seven months of the year. Imports from the US were worth 153 billion yuan (US$22 billion), up 27.1 percent ...

Feng Jianmin | August 23, 2017, Wednesday


VR sales hit 10% of global level

VR sales hit 10% of global level

CHINA’S virtual reality market notched up sales of 80,000 units in the second quarter, accounting for 10 percent of the global market, research firm Canalys said today. The overall VR headset market in ...

Zhu Shenshen | August 23, 2017, Wednesday

More News


EU probes Bayer, Monsanto deal

EU probes Bayer, Monsanto deal

The European Commission said yesterday that it was opening an in-depth investigation into the proposed US$66 billion takeover of US seed and pesticide supplier Monsanto by Germany’s Bayer, citing concerns...

August 23, 2017, Wednesday


Chinese most active in adopting Fintech

Chinese most active in adopting Fintech

TECHNOLOGY-SAVVY Chinese consumers are most active in adopting financial technology among 20 major markets, Ernst & Young said in a survey yesterday. The EY Fintech Adoption Index 2017 found that 69 percent ...

Jane Feng | August 23, 2017, Wednesday


No pacts to buy FCA Jeep brand

No pacts to buy FCA Jeep brand

CHINESE automaker Great Wall Motor Co Ltd has not contacted Fiat Chrysler Automobiles NV’s board nor has it signed any agreements with the Italian-American automaker, it said yesterday. Automotive News ...

August 23, 2017, Wednesday


Mobike launches in Japan’s Sapporo

Mobike launches in Japan’s Sapporo

MOBIKE, one of China’s largest bike-sharing companies, is to launch today a bike-sharing service in Sapporo of Hokkaido prefecture, marking the bike-sharing giant’s debut in Japan. The first batch of ...

August 23, 2017, Wednesday


Wanda exits plan for London site

Wanda exits plan for London site

Chinese conglomerate Dalian Wanda said yesterday it was abandoning plans to buy a 470 million pound (US$606 million) plot of land in London. A spokesman for Wanda, controlled by one of China’s richest ...

August 23, 2017, Wednesday


NAFTA revision still a long way from being settled

NAFTA revision still a long way from being settled

THE first round of long-awaited talks on modernizing NAFTA ended on Sunday, with Canada, Mexico and the United States issuing a statement that they had made “detailed conceptual presentations” of their ...

August 23, 2017, Wednesday


The wrong way to rebalance China-US trade

The wrong way to rebalance China-US trade

US investigations into China’s trade practices will not fix its trade deficit, but will put one of the world’s most important trade ties at risk. The US government Friday formally launched an investigation ...

August 23, 2017, Wednesday


China’s Great Wall Auto interested to make offer for Fiat Chrysler

China’s Great Wall Auto interested to make offer for Fiat Chrysler

CHINA’S Great Wall Motor Co is interested in bidding for Fiat Chrysler Automobiles, a company official said yesterday, confirming reports it is pursuing all or part of the owner of the Jeep and Ram truck ...

August 22, 2017, Tuesday


Financing guarantee to be encouraged

Financing guarantee to be encouraged

CHINA will boost financing guarantee services for small and micro businesses and the rural sector, according to rules released by the State Council, or Cabinet, yesterday. Financing guarantee companies ...

August 22, 2017, Tuesday


 

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