BUSINESS >> Companies

Alibaba sets share price at HK$176, move could be stimulus for Hong Kong

Alibaba Group Holding is expected to set its share price at HK$176 ($22.49) in its much-anticipated Hong Kong listing, which will enable the Chinese e-commerce giant to raise up to HK$101.2 billion, the largest sale in the city since 2011.
Source: Global Times | 2019/11/20 21:08:41

Around the world

A ceremony to mark the completed construction of an infant formula production factory by a Chinese company was held in Ireland's northeast County Monaghan on Monday.
Source: Global Times - Xinhua | 2019/11/20 20:28:40

PepsiCo-Tingyi alliance leads environmental push to protect natural resources

PepsiCo-Tingyi, the strategic alliance between PepsiCo and Tingyi, won multiple awards on Monday, for its outstanding water-conservation and energy-saving initiatives at the China Beverage Industry Association (CBIA) annual conference held in Shanghai under the theme of "The Environment and Sustainable Development."
Source: Global Times | 2019/11/20 14:53:41

Xiaomi bets on 5G, IoT, no direct impact from trade war: executive

Chinese smartphone vendor Xiaomi said on Tuesday that it aims to build up the next-generation super internet featuring 5G as well as artificial intelligence (AI) and the Internet of Things (IoT), attracting more developers to its open source ecosystem.
Source: Global Times | 2019/11/19 20:23:40

Youth in China's lower-tier cities 'set to power spending'

A fresh force is rising in the Chinese economy that is likely to sustain strong domestic consumption growth - 120 million small-town youth, a report showed on Tuesday.
Source: Global Times | 2019/11/19 20:18:40

Lure of opening-up

German insurer Allianz has been granted approval by Chinese regulators to conduct commercial operations, making it the first fully foreign-owned insurance holding company in China.
Source: Xinhua-Global Times | 2019/11/19 19:03:40

Around the world

The Mozura Wind Park in southern Montenegro, a joint project within the framework of the China-proposed Belt and Road Initiative (BRI), was inaugurated on Monday.
Source: Agencies-Global Times | 2019/11/19 18:53:41

Forest City Malaysia to welcome more residents and tourists

Forest City Malaysia aims to build a comprehensive community with various services, such as tourism, education, and medical care, to attract more residents, after more than 20,000 residential units are expected to be handed over to owners this year.
Source: Global Times | 2019/11/19 18:43:40

Huawei requests removal from US Entity List

Chinese telecoms giant Huawei has said a third 3-month reprieve by the US on Monday won't have substantial impact on its business. The Chinese technology company called for its removal from the US' Entity List to end to its "unjust treatment."
Source: Global Times | 2019/11/18 20:53:40

Aramco IPO mixed for investors

Chinese entities are seeking to stabilize domestic petroleum supplies and have a say in international oil pricing through their reported purchase of Saudi Aramco shares, Chinese experts say.
Source: Global Times | 2019/11/18 20:28:39

Huawei Mate X sold out instantly again as resale price soars

Huawei's Mate X 5G phone sold out shortly after its second round of sales began on Monday.
Source: Global Times | 2019/11/18 16:18:21

China, Greece advance energy cooperation

China and Greece have long shared a vision on energy development, and significant opportunity exists for both countries to join together and promote energy transformation, business representatives from the two sides told the Global Times.
Source: | 2019/11/18 0:55:02

Company secures first FDA approval for cancer medicine

The US Food and Drug Administration (FDA) granted the first approval for a Chinese cancer therapy on Thursday, a milestone for China's biotech industry.
Source: Global Times | 2019/11/17 21:30:11

A-share market more internationalized after five years of stock connect mechanism

The Shanghai-Hong Kong Stock Connect, the first connect program between the Chinese mainland market and Hong Kong, has operated smoothly for the past five years while witnessing China's continuous opening-up of its capital markets, analysts said on Sunday.
Source: Global Times | 2019/11/17 20:43:39

China diversifies natural gas supply

China is overcoming tight natural gas supplies for the winter season by diversifying overseas suppliers and expanding domestic production, and it has no need to seek supplies from the US, experts said on Sunday.
Source: Global Times | 2019/11/17 20:07:12

Huawei issues long statement, defending safety of its networks

In a rare move to defend its corporate prestige amid a relentless US government attack, Huawei Technologies publicized a position paper on Sunday, stating Huawei-made telecom gear is safe, without serious cyber security breaches in the past years.
Source: Global Times | 2019/11/17 15:58:39

Chinese biomedicine company secures first FDA approval for rare cancer treatment

The US Food and Drug Administration (FDA) granted the first approval for a Chinese cancer therapy on Thursday, which marks marking a milestone for China's biotech industry.
Source: Global Times | 2019/11/17 14:53:39

China Mobile has almost 50,000 5G base stations

China Mobile, one of the country's leading telecommunications operators, has nearly 50,000 5G base stations in use so far, the company's chairman Yang Jie said.
Source: Xinhua | 2019/11/16 21:10:35