BUSINESS >> Companies

BYD's brand new Midibus wins first European order

Connexxion, a large public transport company in the Netherlands, has announced Thursday to order 21 units of China's BYD's brand new Midibus, which will make its debut at the six-day Busworld Europe (Kortrijk) in Belgium.
Source: Xinhua | 2017/10/20 9:17:40

Made-in-China leaps forward

China’s manufacturing industry has significantly improved in the past five years, with enhanced global influence, greater input in research and development (R&D), and more advanced technological processes, companies and experts said on Thursday.
Source: Global Times | 2017/10/19 21:58:39

Slowing investment curbs growth

China’s GDP expanded more slowly than expected in the third quarter as investment growth contracted, but the economy will remain stable for the rest of the year, experts predicted.
Source: Global Times | 2017/10/19 21:48:39

ZTE launches Pre5G solution

Major Chinese telecommunication provider ZTE Corp launched on Thursday a solution to accelerate the Pre5G evolution for fifth-generation (5G) networks, the company said in a statement sent to the Global Times.
Source: Global Times | 2017/10/19 21:43:39

Surging sales at Walmart online store

The gross merchandise volume of Walmart’s online store at jddj.com, an online-to-offline platform under e-commerce giant JD.com Inc in China, rose more than 30 times year-on-year in September, according to a statement jddj.com sent to the Global Times on Thursday.
Source: Global Times | 2017/10/19 21:38:40

TSMC’s Q3 net profit falls 7.1% but beats estimates

Apple Inc supplier Taiwan Semiconductor Manufacturing Co (TSMC) on Thursday said third-quarter net profit fell 7.1 percent to T$89.925 billion ($2.98 billion), slightly above analysts’ estimates.
Source: Reuters | 2017/10/19 21:38:40

Meituan-Dianping raises $4b, may hold initial public offering: analyst

Chinese one-stop life services platform Meituan-Dianping raised $4 billion in a new round of fundraising, it said in a news release on Thursday, a deal that takes its valuation to $30 billion.
Source: Global Times | 2017/10/19 21:38:39

Moscow-Kazan high-speed railway faces hurdle amid Russian cost concerns

The China-backed plan to build a 770-kilometer high-speed railway between the Russian cities of Moscow and Kazan is facing a new hurdle as media reports suggested this week that the Russian side may delay or cancel part of the original plan. A Chinese railway expert said Thursday that Russian cost concerns might be at work.
Source: Global Times | 2017/10/19 21:38:39

Fintech firm Qudian’s US market debut

Shares of Qudian Inc rose as much as 48 percent in their debut on the NYSE on Wednesday, valuing the online micro-credit company at about $11.67 billion in the biggest US listing by a Chinese company this year.
Source: Reuters | 2017/10/19 21:33:39

Copper miner eyes Central Asia, Africa

Major Chinese copper miner Jiangxi Copper Corp is exploring investment opportunities in Central Asia and Africa, the company’s chairman was quoted as saying in media reports on Thursday.
Source: Global Times | 2017/10/19 21:23:39

Figuratively Speaking

850m yuan Net purchases of foreign exchange by the People’s Bank of China (PBC) in September, PBC announced.
Source: Global Times | 2017/10/19 21:23:39

New services, deals

New aviation services, deals
Source: Global Times | 2017/10/19 17:23:40

Chinese online small consumer credit provider Qudian debuts on NYSE

Chinese online small consumer credit provider Qudian Inc. made its debut on the New York Stock Exchange (NYSE) on Wednesday, trading under the ticker symbol of "QD".
Source: Xinhua | 2017/10/19 9:12:04

Progress needed to make SOEs ‘stronger, better, bigger’

Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, called on Wednesday for further reform of State-owned enterprises (SOEs) to make them “stronger, better and bigger.”
Source: Xinhua | 2017/10/18 22:18:40

Orient Hontai to buy Imagina

Orient Hontai has agreed to buy a majority stake in Spanish sports rights group Imagina for $1 billion, the latest deal from Chinese investors to transform the Asian country into a global soccer powerhouse.
Source: Reuters-Global Times | 2017/10/18 21:28:40

Qudian raises $900m in IPO

China’s online micro-credit provider Qudian Inc raised $900 million in an IPO that priced above expectations, underscoring robust US investor demand for fast-growing Chinese companies.
Source: Reuters-Global Times | 2017/10/18 21:28:39

Treasury report declines to name China currency manipulator

The US on Tuesday declined to name China as a currency manipulator although it remained critical of the Chinese government’s economic policies ahead of a planned visit to the country by US President Donald Trump.
Source: Reuters-Global Times | 2017/10/18 21:28:39

Nation’s US Treasury holdings at highest level since July 2016

China has increased its holdings of US debt for a seventh consecutive month, exceeding the $100 billion level, according to data released by the US Department of Treasury on Tuesday.
Source: Global Times - Reuters | 2017/10/18 21:23:39