Business
Apple's China data center to open in 2020
Construction on a Chinese data center for Apple Inc, the U.S. tech giant, is scheduled to begin later this year and the center is expected to open in 2020, sources close to the project has said.
HK Apple store employees hospitalized after battery explosion
Two employees at an Apple store in Hong Kong were hospitalized on Friday after inhaling smoke from a burning smartphone battery.
UK, China sign 9 bln pounds worth of deals during May's visit
It's been announced Britain has signed deals worth more than 9 billion pounds during Prime Minister Theresa May's visit to China this week.
Aston Martin in £200 million China investment
Times to coincide with Prime Minister Theresa May's visit to China, British luxury supercar maker Aston Martin has unveiled a £20 million investment in its Chinese dealer network.
Alibaba’s revenue jumps 56 percent in third quarter
China's e-commerce giant Alibaba said Thursday that its revenue jumped 56 percent year-on-year to 83 billion yuan (about 12.7 billion U.S. dollars) in the third fiscal quarter.
China's retail sales score double-digit growth for 14 years in a row
The latest figures from the Ministry of Commerce have shown that China's retail sale of consumer goods has now experienced double-digit growth for 14 consecutive years.
China Unicom, Alibaba to cooperate on asset trading platform
Telecom group China Unicom and tech giant Alibaba Group have announced a joint large-scale intelligent platform for asset transactions.
Chinese, British banks sign deal on Belt and Road cooperation
China Development Bank (CDB) and Standard Chartered Bank have signed a deal worth 10 billion yuan (about 1.6 billion U.S. dollars) on Belt and Road cooperation.
China urges U.S. not to "politicize" trade issues
China urged the United States not to "politicize" economic and trade issues between the two countries after U.S. President Donald Trump singled out China and Russia as rivals that challenged U.S. interests, economy, and values.
Chinese yuan strengthens to new high against USD
The central parity rate of the Chinese currency, the renminbi or the yuan, advanced to a new high against the U.S. dollar Thursday on persistent weakening of the U.S. dollar.
Nearly 69 percent of Chinese netizens use online payment: report
China had 531 million online payment users at the end of last year, accounting for 68.8 percent of China's online population, according to a report on China's internet development released Wednesday.
China approves restructuring of leading nuclear power companies
The State Council has approved the restructuring of two leading Chinese nuclear power companies, China National Nuclear Corporation (CNNC) and China Nuclear Engineering and Construction Group Corporation Limited (CNECC), according to an official announcement Wednesday.
Alibaba launches international advertising campaign
Alibaba, the world's largest retailer, has launched an international advertising campaign which features a series of underdog stories.
China's manufacturing activity expands slower in January
China's manufacturing sector expanded at a slower pace in January, official data showed Wednesday. The country's manufacturing purchasing managers' index came in at 51.3 this month, decelerating from 51.6 in December.
China a key development market for UK's Superdry brand
British fashion brand Superdry has revealed the importance of the Chinese market to its growth ambitions. The company revealed that it was pursuing a 'disciplined roll-out' in two key growth markets, the USA and China.
Further international growth for WeChat Pay
WeChat Pay is set to accept international bank cards for the first time. The popular Chinese payment platform will accept Mastercard and Visa cards.
Ford's China chief resigns
Ford China chief Jason Luo has resigned after heading the U.S. automaker's operations in the Chinese market only five months, Ford announced on Monday, adding that his resignation is effective immediately.
Wanda, Tencent partner to upgrade retail business
Chinese commercial property giant Wanda Commercial has signed strategic investment agreements with several Internet giants to upgrade its retail business.
Smaller price difference contributes to recovery of off-line stores
Compared to the huge sales gap between online and off-line stores in previous years, performances of off-line stores rebounded this year thanks to the narrowing price difference.
Chinese yuan advances to 6.3267 against USD Monday
The Chinese yuan strengthened to the strongest level since Nov. 2, 2015 on Monday following prolonged weakness of the U.S. dollar.