BIZ

US auto makers at risk if Trump targets China’s industry


US carmakers such as General Motors and Ford Motors would stand to lose the most if tensions rise in automotive trade between China and the US, Chinese experts warned on Wednesday.


China continues to top global trademark application

China filed 3.69 million trademark applications in 2016, up 28.4 percent over 2015, the the State Administration for Industry and Commerce (SAIC) said Wednesday.
Source: Xinhua | 2017/3/23 7:33:52

China's ICBC starts renminbi clearing services in Russia

Industrial and Commercial Bank of China (ICBC) officially started operating as a Chinese renminbi (CNY) clearing bank in Russia Wednesday, a move set to facilitate the use of the currency and cooperation in various fields between the two countries.
Source: Xinhua | 2017/3/23 7:33:36

China has potential to speed up capital market development: expert

China has potential to develop a deeper, more liquid capital market with greater choice of investment products, Mark Austen, the CEO of the Asia Securities Industry and Financial Markets Association (ASIFMA) said in Hong Kong on Wednesday.
Source: Xinhua | 2017/3/23 7:32:24

US auto makers at risk if Trump targets China’s industry

US carmakers such as General Motors and Ford Motors would stand to lose the most if tensions rise in automotive trade between China and the US, Chinese experts warned on Wednesday.
Source: Global Times | 2017/3/22 23:33:40

Tencent Q4 profit rises 47%, boosted by payments, cloud

Social media and online entertainment company Tencent Holdings on Wednesday reported a 47 percent rise in fourth-quarter profit, helped by strong growth in new revenue streams such as payment and cloud services.
Source: Reuters-Global Times | 2017/3/22 23:03:39

Geely says it doubles earnings during 2016

Geely Automobile Holdings on Wednesday reported its biggest profit growth in eight years, as improved product design and engineering following its 2010 purchase of Sweden's Volvo helped propel it to record sales.
Source: Reuters-Global Times | 2017/3/22 22:58:40

China Highway forms joint venture in Singapore

Singapore urban, industrial and infrastructure consulting firm Surbana Jurong said Wednesday it had formed a joint venture (JV) with China Highway Engineering Consulting Corp to provide design and consultancy services for highway and municipal projects.
Source: Reuters-Global Times | 2017/3/22 22:58:40

Figuratively speaking

Insurance premiums in China for the first two months of the year, up 31.3 percent year-on-year, data from the China Insurance Regulatory Commission showed on Wednesday. Total assets of the country’s insurers’ rose to 15.96 trillion yuan ($2.32 trillion) as of the end of February, up 5.56 percent from the beginning of the year.
Source: Global Times | 2017/3/22 22:58:39

Alibaba to establish e-hub in Malaysia, lift digital economy

Alibaba Group Holding announced on Wednesday the establishment of an e-hub in Malaysia under the Electronic World Trade Platform (eWTP) initiative proposed by Jack Ma Yun to push the digital economy in the Southeast Asian nation.
Source: Global Times - Xinhua | 2017/3/22 22:53:40

Lotte Mart suppliers requesting payment as chain closes most outlets: report

Lotte Mart, retail business arm of South Korea's Lotte Group, has reportedly been pressed for payment by suppliers at a gathering in its Beijing headquarters, amid a widespread closure of its retail chain stores in China.
Source: Global Times | 2017/3/22 22:53:40

Airbnb embarks on China push with more employees, local name

US short-term rental giant Airbnb Inc will triple its China staff this year as it targets the country's millennial consumers, its chief executive said on Wednesday.
Source: Reuters | 2017/3/22 22:53:40

Baidu scientist who led AI push says he’ll quit

Internet giant Baidu Inc chief scientist Andrew Ng said on Wednesday he will resign from the Chinese search engine company after three years of leading its drive into artificial intelligence (AI) and augmented reality (AR) projects.
Source: Reuters-Global Times | 2017/3/22 22:53:39

May set trend of ending deposits for creditworthy riders

As the battle for market share among Chinese bicycle-sharing companies heats up, one competitor - Bluegogo - announced Wednesday that it's teaming up with the financial arm of Alibaba Group Holding, so riders with good credit ratings won't need to pay a deposit to use Bluegogo's bikes.
Source: Global Times | 2017/3/22 22:48:39