Business

Dow Jones industrials take second straight 2-percent plunge

Another day of big losses knocked U.S. stocks to their lowest levels in more than a year Monday.

Huawei releases new smartphone

Chinese communications giant Huawei has released a new smartphone series, the Nova 4, which features a hole-punch display and 48-megapixel camera.
 

China's 360 Finance makes Nasdaq debut

360 Finance, a Chinese fintech company, rang the Nasdaq MarketSite opening bell on Friday in celebration of its initial public offering (IPO).

​Boeing opens first 737 plant in China

Boeing opened its first 737 completion plant in China.

SteelAsia, Chinese firms eye USD4.4-B steel complex in Mindanao

The country’s largest steel producer, SteelAsia Manufacturing Corp., is partnering with Chinese firms Hebei Iron and Steel (HBIS) Group and Huili Investment Fund Management Co., Ltd. to build an integrated steel complex in Mindanao.
 

BMW launches ride-hailing service in Chengdu

Germany's BMW Group launched a ride hailing service in Chengdu on Friday with 200 of its 5-Series vehicles, according to an announcement made on WeChat by the city government.

Starbucks gets closer to customers with virtual store

World-leading coffee chain Starbucks said it will further enhance its digital collaboration with Alibaba Group by launching its first-ever virtual store.

China's ODI remains stable in Jan-Nov

China's non-financial outbound direct investment (ODI) in the first 11 months of the year remained flat with last year, data from the Ministry of Commerce showed.

China's outbound Spring Festival tourists to reach 618 cities: Airbnb

Predictions released by Airbnb show that Chinese tourists will travel to more than 600 cities in almost 90 countries during the 2019 Spring Festival holiday.

China to stop imposing additional tariffs on U.S. autos

China will postpone imposing new tariffs on imports on autos and auto parts from the U.S. for three months, China's Ministry of Finance announced on Friday.

Chinese mainland, Hong Kong ink deal on trade in goods under CEPA

An agreement was signed in Hong Kong on Friday under the framework of the Mainland and Hong Kong Closer Economic Partnership Arrangement, indicating the completion of an upgraded CEPA.
 

China's economy maintains stable, sound momentum in November

The national economy maintained generally stable momentum and performed within the reasonable range as intensified efforts have been made in areas like investment, trade, supply-side structural reform and employment.

100 electric buses made by Chinese car maker delivered to Chile

Chinese car maker BYD has delivered 100 electric buses to the Chilean government on Thursday, in what is the largest delivery of electric buses for public transportation to arrive in Latin America.

China to see expanding dairy market in next five years: report

China's dairy market is expected to grow significantly amid Chinese consumers' rising demand for premium products, China Daily quoted a new report as saying.

GE plans to build 1.2 bln USD Industrial IoT software company

U.S. top-tier manufacturing company General Electric (GE) said on Thursday that it planned to establish a new, independent company aiming at building Industrial Internet of Things (IIoT).

Qualcomm seeks ban on iPhone imports to the United States

American chip giant Qualcomm is again attempting to persuade the U.S. International Trade Commission to ban imports of iPhone into the country on the grounds that they infringe patents.

China 'open' to US trade delegations: MOC

China would welcome any US trade delegation to visit the country and is keeping an "open attitude" about visiting the US for trade talks, China's Ministry of Commerce said on Thursday.

Facebook settles lawsuit with game company over technology dispute

U.S. tech giant Facebook has reached a settlement with video gaming firm ZeniMax Media over a lawsuit alleging Facebook's theft of ZeniMax-held proprietary virtual reality (VR) technology, ZeniMax CEO Robert Altman said in a statement published on Wednesday.

Proton-Geely partnership takes to road with launch of SUV in Malaysia

Malaysian national car manufacturer Proton and China's Geely have unveiled their first joint commercial product on Wednesday with the launch of the X70 sports utility vehicle (SUV).

State Council to refine tax incentives for VC firms

China will introduce more income tax incentives to drive entrepreneurship and innovation, the State Council executive meeting chaired by Premier Li Keqiang decided on Wednesday.

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