LeEco U.S. to lay off 80% employees: media reports

It's being reported that Chinese technology company LeEco is planning to lay off 80% of staff in its U.S. division.

East meets West in medical exchange

The private healthcare company, Sinolink, has announced the launch of a new Observership Programme for 2017 that will introduce over 30 key medical observers from China to the Royal Free Hospital in London.

Alibaba's delivery arm to develop 1 mln smart vans

Chinese e-commerce giant Alibaba's delivery arm Cainiao Network has announced a plan to partner with domestic automakers to produce 1 million smart vans powered by advanced Internet technology.

China imposes 3-year duties on sugar imports

The Chinese Ministry of Commerce has announced the final ruling on an investigation into sugar imports, enacting a 3-year duty to protect the domestic industry.

Berlin hosts event to foster business ties between Europe and Asia

Germany’s capital city of Berlin is hosting an annual event dedicated to fostering business ties between Europe and Asia.

AIIB expects to increase 8 members by year's end

The China-backed Asian Infrastructure Investment Bank expects to grow its membership to 85 by the end of 2017, bank president Jin Liqun said during the weekend.

New air route links east China city with Milan

A direct flight has opened between Jinan, capital city of Shandong Province, and Milan. The flight is operated by Milan-based NEOS Airlines. The flight will run every Friday with a travel time between 11 and 12 hours.

Saudi-SoftBank tech fund nears $100 billion target

​Japanese mobile carrier SoftBank says it has raised nearly 100 billion U.S. dollars with Saudi partners to launch a major global fund for long-term, high-tech investment.

China unveils market-oriented reform for oil and gas industry

Chinese authorities on Sunday announced a reform plan for the country's oil and gas industry, eyeing better efficiency and competitiveness by giving market a decisive role in the sector.

Construction linking Beijing new airport and new economic area starts

Construction of the Beijing-Bazhou high-speed rail line, a key link for the capital's new airport and Xiongan New Area, started on Sunday, the China Railway Group announced.

US company simplifies Alipay payment process

Chinese mobile payment giant Alipay reached a deal earlier this month to allow its users make purchases at four million US merchants served by payments processor First Data Corp.

China's sovereign wealth fund to increase direct investments in US

China's sovereign wealth fund, China Investment Corporation (CIC), has announced plans to make more direct investments in the United States.

China's COMAC could invest in Canada's Bombardier

Chinese aircraft manufacturer COMAC may choose to invest in Bombardier of Canada. A report from Business Insider reveals that discussions have already taken place between the two companies.

China receives first oil from Myanmar pipeline

The first crude oil from Myanmar has reached China via the China-Myanmar crude oil pipeline, China National Petroleum Corporation (CNPC) announced on Friday.

China produced 2.4 million tons of tea in 2016: minister

China, the largest tea producer in the world, produced over 2.4 million tons of tea in 2016, 40 percent of all the tea grown in the world, Minister of Agriculture Han Changfu said Thursday.

Corporate social responsibility forum held in Beijing

A number of business corporations around the globe and academic organizations have recently joined a discussion in Beijing on corporate charity.

600,000 VW's recalled in China

A fuse fault has forced the recall of more than 600,000 vehicles for VW's joint venture in China.

China remains biggest investor in Germany for third consecutive year

China remained the biggest investing country in Germany in terms of project numbers for the third consecutive year in 2016.

Alibaba revenue surges 60 pct in 4th fiscal quarter

China's e-commerce giant Alibaba said Thursday that its quarterly revenue jumped 60 percent year on year in the fourth fiscal quarter ending March.

AIIB awards global custody mandate to BNP Paribas

The Asian Infrastructure Investment Bank (AIIB) has awarded a global custodian mandate to BNP Paribas Securities Services, as the Beijing-based bank seeks to establish internal financial infrastructure for liquidity investment. 

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