Business

China's Tencent Music makes NYSE debut

Tencent Music Entertainment, a Chinese music streaming giant, rang the New York Stock Exchange (NYSE) opening bell on Wednesday in celebration of its initial public offering (IPO). 

Norway rolls out Alipay to attract tourists from China

Norway has rolled out Alipay, China's most popular mobile payment app, in an effort to make the country more appealing for tourists from China.

Winter tourism to boom in north China

China's winter tourism is expected to boom this year as snow-themed activities and greater discounts are made available to travelers, the China Daily reported Tuesday.

China's auto sales continue to fall in November

Auto sales in China continued to decline last month, industry data showed Tuesday.

Vaccine maker faces Shenzhen delisting

Changsheng Bio-technology, a major Chinese vaccine maker, has received advance notice of a mandatory delisting from the Shenzhen Stock Exchange.

Samsung China defends partnership with alleged 'fake' Supreme

Samsung China has defended its collaboration with Supreme Italia following uproar online that the tech giant had partnered with a "knock-off" of the brand Supreme NYC.

Alibaba Group to take majority control over Alibaba Pictures

​China's e-commerce giant Alibaba Group announced Monday that it will take majority control of Alibaba Pictures by increasing its stake in the entertainment company from 49 percent to about 50.92 percent.

Baidu's Robin Li listed among top 10 global AI leaders

Li Yanhong, CEO of China's top search engine Baidu, has been ranked in the top three of a list of global AI influencers, the only Chinese business leader to be included on the ranking.

Huawei's new AI app enriches story time for deaf children

​Learning to read is hard work for any kid. For deaf and hard-of-hearing children, it is even more challenging.

Geely sales volume up 10 pct in November

​Chinese carmaker Geely saw total sales volume of 141,661 units in November, up 10 percent month on month, the company announced Thursday.

China's CPI up 2.2 pct, PPI up 2.7 pct in November

China's consumer price index, a main gauge of inflation, rose 2.2 percent year on year in November. China's producer price index, which measures costs for goods at the factory gate, rose 2.7 percent year on year in November.

China fines banks over wealth management violations

China's banking and insurance regulator recently fined commercial banks over multiple violations including improper practices in wealth management.

Lip balm with iconic Chinese candy flavor a bit hit in stores and online

Lip balm with the flavor of Shanghai's iconic White Rabbit Creamy Candy has gained a massive following since sales started earlier this year.

Facebook to increase stock buyback by 9 bln USD

Facebook is investing 9 billion U.S. dollars to buy back its shares to shore up investor confidence, a filing with the U.S. Securities and Exchange Commission (SEC) said Friday.

Merrill Lynch forecasts slowing global growth in 2019

​Global growth is expected to dip from 3.8 percent in 2018 to 3.6 percent in the year ahead amid potential risks, according to a report issued on Thursday by BofA Merrill Lynch Global Research.

Boeing forecasts strong growth for aircraft financing in 2019

Aircraft financing will continue to grow strong next year as about 143 billion U.S. dollars will be invested in meeting the demand for new commercial airplanes, U.S. top aircraft manufacturer Boeing Company (Boeing) said Thursday.

China to hold consultation with U.S., strive for consensus on major issues of common concern: MOC

China's Ministry of Commerce (MOC) said on Thursday that the ultimate goal of Sino-U.S. trade talks was to remove all additional tariffs, adding that China will hold consultation with the U.S. on issues of common concern and strive to reach consensus.

China's 2019 trade growth to have strong underpinning: MOC

China's Ministry of Commerce said Thursday that the country's foreign trade growth in 2019 will have strong underpinning despite external challenges.

China confident it will reach agreement with U.S. in 90 days: MOC

The meeting between China and the U.S. on trade relations was very successful with highly overlapping interests between the two countries, and China is confident it will reach an agreement on trade with the U.S. side in the next 90 days.

Apple to launch smart wireless speaker in China in early 2019

Apple Inc. said Wednesday that it is going to sell for the first time its HomePod wireless speaker to Chinese customers in early 2019, less than one year after the smart device was launched in the United States and Canada.

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