BUSINESS >> Companies

PepsiCo sign multi-year supply agreement on sustainable plastic

Loop Industries, Inc., a leading technology innovator in sustainable plastic, and PepsiCo, Inc. announced on October 9 that they have entered into a multi-year supply agreement that will enable PepsiCo to purchase production capacity from Loop's joint venture facility in the US, and incorporate Loop PET plastic, which is 100 percent recycled material, into its product packaging by early 2020.
Source: Global Times | 2018/10/19 22:18:40

Siemens Healthineers sets up new plant in Shanghai

Siemens Healthineers, the healthcare arm of German industrial giant Siemens, announced on Friday an update to its investment in China by setting up a new laboratory diagnostics plant in Shanghai.
Source: Global Times | 2018/10/19 18:03:40

China's Huawei plans to set up manufacturing unit in India

Chinese telecom giant Huawei plans to begin manufacturing mobile phones in India by next year, Indian media quoted the company's Global Vice-President Jim Xu as saying on Friday.
Source: Xinhua | 2018/10/19 14:24:48

US Treasury report on yuan in line with 'common sense': FM spokesperson

The US Treasury opted against calling China a currency manipulator, a decision that a government official said is “in line with common sense.”
Source: Global Times | 2018/10/18 22:53:41

WeChat, Travelex cards

Chinese online payment platform WeChat Pay will work with London-based Travelex's new gift card service, which enables travelers from the Chinese mainland to make cross-border payment via WeChat Pay when shopping in the US, according to a note the company sent to the Global Times on Thursday.
Source: Xinhua-Global Times | 2018/10/18 22:23:41

Green finance agreement

The US Paulson Institute on Wednesday signed a strategic cooperation agreement with the Center for Finance and Development of the National Institute of Financial Research at China's Tsinghua University covering green finance.
Source: Xinhua-Global Times | 2018/10/18 22:18:40

New Look to exit China

UK fashion group New Look is to exit China and will close its remaining 120 stores in the country by the end of the year, it said on Thursday.
Source: Reuters-Global Times | 2018/10/18 22:03:44

China-Finland cooperation

Chinese and Finnish companies signed several cooperation agreements after the conclusion of the 2nd China-Finland Economic and Investment Summit on Wednesday, according to a statement Chinese Enterprise Association in Finland (CEAF) sent to the Global Times on Thursday.
Source: Reuters-Global Times | 2018/10/18 22:03:43

Exxon Mobil bets big on LNG demand in China

In the middle of the Sino-US trade war, the world's largest publicly traded oil and gas company is still turning toward China for business despite the threat of tariffs.
Source: Reuters-Global Times | 2018/10/18 22:03:41

JD.com spies profits in parcels

Chinese e-commerce firm JD.com Inc said on Thursday it will launch a parcel delivery business, a move that could leverage its network of warehouses and drivers to bolster flagging profits.
Source: Reuters-Global Times | 2018/10/18 21:58:41

HSBC to list in Shanghai market

HSBC is set to be the first foreign company to list its shares in China as part of a new stock exchange link between London and Shanghai, the Financial Times reported on Thursday.
Source: Xinhua-Global Times | 2018/10/18 21:53:40

Mainland-HK bridge to open

The mega bridge that will connect the Chinese mainland with Hong Kong and Macau is set to open to traffic next week, according to media reports.
Source: Xinhua-Global Times | 2018/10/18 21:48:42

Sinopec invests $279m in poverty relief efforts

China Petrochemical Corporation (Sinopec Group) has contributed 1.93 billion yuan ($279 million) to poverty reduction in the past three decades, according to a white paper released by the company.
Source: Xinhua | 2018/10/18 21:48:41

Direct air flights from China to PNG to start next week

The first direct flight between Papua New Guinea (PNG) and China is set to take off next week, airline officials have said.
Source: Xinhua | 2018/10/18 21:48:40

US concerns over Chinese telecoms presence in LatAm 'have little impact': analysts

Raising concerns over Chinese telecoms companies' operations in Latin America is useless, as the companies don't have technical control over user data, and a recent US report will have a limited influence on the situation, a Chinese industry expert said on Thursday.
Source: Global Times | 2018/10/18 21:23:41

US departure from UN postal union latest example of unilateralism

The US has started the process of withdrawing from a 144-year-old international postal body, a move that experts said is the latest example of short-sighted and narrow-minded unilateralism by the US, and a typical case of bullying to override the interests of the international community.
Source: Global Times | 2018/10/18 21:13:40

Chinese, Dutch firms ink massive deals

Chinese and Dutch companies inked a number of deals during Chinese Premier Li Keqiang's visit to the Netherlands this week, including a deal to set up a plant in China to boost the country's new-energy ambitions.
Source: Global Times | 2018/10/18 20:58:40

Women's Chinese Basketball Association gears up for the new season in October

The first tier professional women's basketball league in China, the Women's Chinese Basketball Association (WCBA) is gearing up for its 2018-19 season. At the press conference hosted by WCBA in Beijing on Monday, details of the new season were released.
Source: Global Times | 2018/10/18 20:48:41