BUSINESS >> Companies

Listed firms report strong profits

Over 70 percent of Chinese listed companies reported strong profits for the first half of the year, according to the latest data.
Source: Xinhua | 2017/8/23 22:03:40

Tough times take hold at commercial projects

Beijing-based commercial property developer SOHO China is promoting its shared office projects around the country to make the most of existing properties, Chairman Pan Shiyi has said.
Source: Global Times | 2017/8/23 21:58:39

Figuratively Speaking

4.98m tons China’s crude oil imports from Russia in July, up 54 percent year-on-year, according to data released by the General Administration of Customs on Wednesday.
Source: Global Times | 2017/8/23 21:48:40

New regulations on WMP sales

The China Banking Regulatory Commission on Wednesday announced new regulations to guide banks in selling wealth management products (WMPs).
Source: Global Times | 2017/8/23 21:48:39

Audi, Hanergy add solar to cars

Audi, Volkswagen’s main profit driver, on Wednesday said it is working with China’s Hanergy Thin Film Power Group to integrate solar cells into panoramic glass roofs for an upcoming Audi electric vehicle (EV).
Source: Reuters | 2017/8/23 21:43:40

Fosun invests in blockchain start-up

Chinese conglomerate Fosun Group has made a foray into blockchain with an investment in the Shanghai start-up behind Onchain, a local version of the technology that underpins virtual currencies such as Bitcoin.
Source: Reuters | 2017/8/23 21:43:39

Seafood stuck at NK border destroyed as sanctions bite

All 27 Chinese cargo trucks that were being used to carry exports from North Korea to China have returned to Quanhe port in Hunchun, Northeast China’s Jilin Province, after the local authorities banned seafood imports from North Korea and importers were asked to destroy the goods.
Source: Global Times | 2017/8/23 21:43:39

North American staff exodus sparks speculation on PetroChina

Departures across the US and Canadian units of Chinese State energy company PetroChina Co have sparked speculation that the oil trader is reducing its presence in North America.
Source: Reuters | 2017/8/23 21:38:40

Tujia moves into Japan

Beijing-based Tujia signed a deal with Japanese e-commerce company Rakuten Lifull Stay on Tuesday to make inroads into the Japanese homestay market, attracting Chinese travelers to the country, Beijing-based news site sina.com reported Wednesday.
Source: Global Times | 2017/8/23 21:38:39

Developers buy London site

Two Hong Kong-listed Chinese property developers agreed to buy a 470 million pound ($606 million) site in London that Dalian Wanda Group Co had expressed an intention in June to purchase yet later scrapped, Bloomberg reported Wednesday.
Source: Global Times | 2017/8/23 21:38:39

Hyundai will launch pickup, more SUVs to reverse US sales slide

Hyundai Motor plans to launch a pickup truck in the US as part of a broader plan to catch up with a shift away from sedans in one of the South Korean automaker’s most important markets, a senior company executive said.
Source: Reuters-Global Times | 2017/8/23 19:58:45

The next big thing for Tesla

Tesla Inc is developing a long-haul, electric semi-truck that can drive itself and move in “platoons” that automatically follow a lead vehicle, and is getting closer to testing a prototype, according to an e-mail discussion of potential road tests between the car company and the Nevada Department of Motor Vehicles (DMV).
Source: Reuters-Global Times | 2017/8/23 19:58:45

Seafood cargos stuck at China-North Korea border have been destroyed

All 27 Chinese cargo trucks that were being used to export goods from North Korea to China have returned back to Quanhe port in Hunchun, Northeast China’s Jilin Province, after the local authorities banned seafood imports from North Korea and after importers were asked to destroy the goods.
Source: Global Times | 2017/8/23 17:18:39

China Lego Factory, first Lego factory in Asia

Photo taken on Aug. 22, 2017 shows the Chinese characters built with Lego blocks at Lego factory in Jiaxing, east China's Zhejiang Province. China Lego Factory in Jiaxing, also the first Lego factory in Asia, went into operation at the end of 2016. The factory covers an area of 165,000 square meters and owns nearly 1200 staff members now.
Source: Xinhua | 2017/8/23 14:57:53

Chinese company helps Pakistan orphans for better lives

A Chinese company constructing the Karakorum Highway in northern Pakistan has donated over 8.5 million Pakistani rupees (around 80,000 US dollars) to an orphanage of the SOS Children's Villages in Mansehra to improve the orphans' lives.
Source: Xinhua | 2017/8/23 10:47:44

Mobike launches service in Sapporo, Japan

A TV reporter tries out a shared bicycle in Sapporo, Japan, on Aug. 22, 2017. Mobike, one of China's largest bike-sharing companies, launched its service in Sapporo, Japan, on Tuesday.
Source: Xinhua | 2017/8/23 7:58:36

Hyundai to launch new pickup and SUV in US to revive sagging sales

South Korean auto giant Hyundai plans to launch a pickup truck and a small SUV in the US to reverse its sales slide in one of its most important market, as American consumers drift away from sedans.
Source: Xinhua | 2017/8/23 7:42:16

LG Electronics plans to open plant in Michigan

LG Electronics Inc. plans to open a factory in Hazel Park, the suburbs of Detroit, to produce EV components.
Source: Xinhua | 2017/8/23 7:38:41