Business
FTC fines Facebook $5B, adds limited oversight on privacy
Federal regulators have fined Facebook $5 billion for privacy violations and are instituting new oversight and restrictions on its business.
BMW considers China as very strong driver of technology
China is a very strong driver of technology, a spokesperson of German carmaker BMW said on Wednesday.
China's WeChat enables in-flight mobile payment
China's popular social media platform WeChat has made in-flight mobile payment possible by post-landing settlement.
Alibaba lets US small, medium businesses to sell on platform
China's e-commerce juggernaut Alibaba will allow small and medium-sized U.S. businesses to sell on Alibaba.com.
China's busiest port sees 5.5 pct cargo throughput growth in H1
Ningbo Zhoushan port, China's busiest port, saw cargo throughput rise 5.5 percent year on year to 557.96 million tonnes in the first half of 2019.
Tiktok to build data center in India to store user data locally
The popular Chinese video sharing platform TikTok is said to be building a new data center in India, according to Britain's Financial Times.
Huawei to help build high-speed networks in Canada's remote areas
Huawei Canada has promised to take measures to help citizens living in the Arctic and remote areas of Canada get access to high-speed internet, reports China News Service.
IMF cuts global growth to 3.2% in 2019, 3.5% in 2020
The International Monetary Fund (IMF) on Tuesday cut the global forecast by 0.1 percentage points for this year and next, with growth expected to hit 3.2 percent in 2019 and 3.5 percent in 2020.
China's pilot FTZs create 202 institutional innovations: MOC
A total of 202 institutional innovations have been created, replicated and shared nationwide since China launched its first pilot Free Trade Zone (FTZ) six years ago, according to the Ministry of Commerce (MOC) Tuesday.
Chinese carmaker acquires 5 pct stake in Germany's Daimler
Chinese carmaker Beijing Automotive Group Co. Ltd. (BAIC) has acquired a 5 percent stake in German luxury carmaker Daimler AG, the two companies announced on Tuesday.
Huawei to launch its Mate 20X 5G phone in China this week
Huawei will launch the 5G version of its Mate 20 X phone in China this week.
China launches anti-dumping probes into NPA imports from U.S.
China's Ministry of Commerce said Tuesday that it launched an anti-dumping investigation into imported n-Propanol (NPA) from the United States.
China surpasses the U.S. to have the most Fortune 500 enterprises
China now has more companies listed in the Fortune Global 500 than the United States for the first time, reports The Paper.
China exports first batch of second-hand commercial vehicles to Nigeria
A ceremony was held Monday in north China's Tianjin Municipality for the export of 60 second-hand commercial vehicles, marking the first batch of used commercial vehicles exported from China.
Chinese coffee start-up Luckin to enter Greater Middle East, India markets
Chinese coffee chain brand Luckin Coffee has set its sight on global expansion by planning businesses in the Greater Middle East and India markets via a partnership.
China to impose anti-dumping duties on imported stainless steel products
China's Ministry of Commerce (MOC) on Monday announced anti-dumping measures on stainless steel billets, hot rolled stainless steel plates and coils imported from the EU, Japan, South Korea and Indonesia.
Shares soar at China's sci-tech innovation board debut
Shares on China's sci-tech innovation board (STAR) surged Monday as the new market's first trading day attracted strong investor interests.
China's Sci-Tech Innovation Board starts stock trading
China's Sci-Tech Innovation Board begins trading shares of the first 25 companies on July 22 at the Shanghai Stock Exchange.
Second Huawei handset licensed to use China's 5G network
Another Huawei handset has been given a license to use China's 5G telecommunications network, according to China's Ministry of Industry and Information Technology.
China lifts restrictions on foreign participation in securities companies
China would lift the foreign ownership limits on securities, fund management and futures companies by 2020, a year ahead of schedule.