Chinese private airline orders Boeing's Dreamliners to expand services

Boeing and Okay Airways, one of China's first privately-owned airlines, finalized an order for five Boeing 787-9 Dreamliners on Wednesday, with which Okay Airways will expand its long-haul services.

Mobile payment users exceed 520 million in China: Ant Financial

The number of China's mobile payment users has exceeded 520 million, according to Ant Financial, Alibaba's financial affiliate.

Tencent gains exclusive agency rights of popular game PUBG in China

Chinese social networking giant Tencent has announced a new deal with South Korea's Bluehole Studio for the exclusive rights for the popular PC game "Playerunknown's Battlegrounds" in China.

The Mayor of London is opening a new office in China… Not London?

The Mayor of London has announced that he is planning on increasing his efforts to ensure that London remains the best venue in the world for business in the wake of Brexit by opening up new overseas offices in six key cities.

Could Brexit lead to Airbus bonus for China?

The UK head of European aerospace giant Airbus has warned that Britain's position in the consortium is at risk due to Brexit.

Tencent cracks global top-five in market value

The market value of Chinese mainland tech giant Tencent has reached about 4.15 trillion HK dollars (around 523 billion USD), surpassing Facebook to become the fifth most valuable company in the world.

Alipay rolled out worldwide

During Golden Week, Adyen, the international technology provider of modern end-to-end infrastructure, announced plans to expand its partnership with the world’s largest third-party mobile and online payments platform, Alipay.

Two Boeing 747s auctioned online sell for over 322m Yuan

​Two Boeing 747s have been sold for a total of 322.8 million Yuan (48.6 million USD) on Alibaba's online auction platform. A third 747 up for sale failed to sell.

Bluegogo's failure renews bike share deposit debate

With China's third-largest bike-sharing start-up Bluegogo now going bankrupt, the company's clients are finding it difficult to retrieve their deposits, reports the Beijing Times.

Alibaba wins case over fake reviews, sales

In a landmark decision, a court in Hangzhou, Zhejiang province, ruled in favor of e-commerce behemoth Alibaba after it sued a company for fabricating transactions and favorable comments related to online stores. 

Record number of freight trains link China, Europe

The number of China-Europe freight trains reached a new annual record this year since starting operations in 2011, indicating closer economic ties between the two major markets.

Chinese car helps fulfill Belarusian 'dream'

A car assembly factory has been launched as part of a joint venture between Chinese automaker Geely and Belarus.

China to transfer state assets to social security funds

China will transfer some state assets, including shares of state-owned companies (SOE) and financial institutions, to the country's social security funds as an aging society puts pressure on pension payments, an official document showed Saturday.

China's home prices remain stable in October

China's property market remained stable in October with home prices falling or posting slower growth in major cities amid tough control policies, the National Bureau of Statistics (NBS) said Saturday.

Toyota prepares for China electric vehicle race

Tesla, Ford, Volkswagen... and now Toyota. Global auto manufacturers are all racing to supply the next generation of electric vehicles in China.

​Volvo eyes Chinese market for its autonomous electric vehicles

Global automaker Volvo is eyeing China as a potential market for its autonomous electric commercial vehicles as the country is going through a critical stage of industrial transition and accelerating innovations in auto production and adoption of new-energy vehicles to reduce emissions.

CEO of Evergrande listed richest Chinese by Forbes

The CEO of real estate company China Evergrande Group, Xu Jiayin, also known as Hui Ka Yan, has topped the list of the richest Chinese in 2017 by Forbes.

More mobile banking advances in China

160 million Postal Savings Bank of China (PSBC) customers who want to send or receive money internationally will be able to do so anywhere and anytime via a mobile device.

China to open up payments industry to foreign competition

Fan Yifei, deputy governor of the People's Bank of China (PBOC), told a forum on Thursday that the country will give overseas-funded payment institutions "pre-establishment national treatment." 

China to distribute exclusive license plates for electric cars in 12 cities

​China will introduce green license plates for new energy vehicles (NEVs) in 12 cities on Nov. 20, the Ministry of Public Security (MPS) announced Friday.

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