Business

Chinese brands dominate domestic smartphone market

Huawei dominated China's smartphone market in the second quarter of 2017, according to the latest industry figures.

Hungary issues panda bonds in China for 1 billion RMB

Hungary issued state bonds in China in an amount of 1 billion yuan (151 million U.S. dollars), State Secretary of the Ministry for National Economy Agnes Hornung said Wednesday.

Xiaomi unveils its fastest-ever operating system

Chinese tech giant Xiaomi rolled out its fastest-ever operating system on Wednesday to offer a smoother user experience.
 

Chinese self-driving start-up receives investment from Mercedes-Benz

Chinese self-driving start-up Momenta announced Tuesday, July 25, 2017, that it has raised 46 million U.S. dollars in its latest round of funding, with Mercedes-Benz parent Daimler AG as a major investor, reports the thepaper.cn.

China Merchants to take over Sri Lanka port

Chinese port operator China Merchants Port Holdings has announced it will acquire an 85 percent stake in Sri Lanka's Hambantota Port for $974 million. 

'Golden noses' for Ford in China

Ford has employed 'smell assessors' in China to help combat falling sales.

IMF to move headquarters to Beijing in ten years: Lagarde

The head of the International Monetary Fund is suggesting her organization's headquarters are likely going to end up in China sometime in the coming decade.

Chinese bike-sharing company Mobike enters Italy

China's leading bike-sharing company Mobike announced Tuesday it had entered the Italian market after talks with local authorities.
 

China urges India not to abuse trade remedy measures

China's Ministry of Commerce (MOC) said Tuesday that India should avoid abusing trade remedy measures and hoped the two countries can settle trade disputes through consultation.

JD.com locked in war with delivery companies

Chinese e-commerce platform JD.com is locked in a war with two of the country's major courier companies.

IMF could be based in Beijing in a decade: Lagarde

The International Monetary Fund (IMF) could be based in Beijing in ten years, if the Chinese economy continues its growth momentum and the IMF continues to reform, IMF Managing Director Christine Lagarde said on Monday.

BMW denies link between diesel emissions scandal, industry collusion claims

​BMW on Monday rejected claims of having formed an agreement with other carmakers to install technology in diesel vehicles, which was non-compliant with emissions regulations.

Chinese, Cuban tobacco firms sign deal on cigar trade

China National Tobacco Corporation and Leading Cuban cigar maker Habanos S.A. signed a letter of intent in Havana on Sunday on increasing Cuba's cigar exports to China.

Didi Chuxing, SoftBank invest 2 bln USD in Southeast Asia's taxi-hailing giant Grab

Grab announced on Monday that China's Didi Chuxing and Japan's SoftBank Group Corp will invest up to 2 billion U.S. dollars to lead Grab's current financing round.

IMF revises up China's growth forecast for 2017, 2018

The International Monetary Fund (IMF) on Monday revised up China's growth forecast for 2017 and 2018 to 6.7 percent and 6.4 percent respectively. 

IKEA to team up with third party e-commerce site in China

Swedish furniture retailer IKEA plans to team up with a third party e-commerce site starting in 2018, aiming to increase sales in the Chinese market, China Business Journal reported.

China sees improving employment conditions in Q2: report

China continued to see improving employment conditions in the second quarter of this year, a private survey showed.

Baidu, JD.com join 12 billion US dollar China telecom investment

Baidu Inc and JD.com will join other big Chinese technology firms to jointly invest about 12 billion US dollars in the Shanghai-listed unit of China Unicom, one of China's top three state-owned telecoms firms, according to Reuters report.

Leshi appoints new chairman

​Sun Hongbin, chairman of Chinese property developer Sunac China Holdings, was voted in as the chairman of Leshi Internet Information and Technology Corp on Friday.

Cruise travel rides wave of growth in China

China has become the world's second-largest market for cruise travel. In 2016, more than two million people boarded cruises for overseas travel.

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