BUSINESS >> Companies

Ofo users get chilly reception for deposit refunds as the fund set to hit $145m

Hundreds of customers of the ofo bike-sharing service who lined up outside the company's headquarters in Beijing's Haidian district on Tuesday to get their deposits back left empty-handed – and some found that they were behind more than 6 million refund applicants.
Source: Global Times | 2018/12/18 20:23:39

HBIS to invest in $4.4b project in Philippines

HBIS Group, China's second-biggest steelmaker, has signed a memorandum of understanding on a $4.4 billion project in the Philippines that will eventually produce 8 million tons of steel per year, according to Chinese media reports and a statement from the Philippines.
Source: Reuters-Global Times | 2018/12/18 19:28:39

Robot Waiter

A robot delivers food to a customer in Alibaba's first “future hotel,” FlyZoo Hotel, on Tuesday. The hotel, located in Hangzhou, East China's Zhejiang Province, uses cutting-edge artificial intelligence technology for most of its services. Customers can take the elevator, open doors, and order food via facial recognition technology. Robots are also used for room service at the hotel. The hotel officially opened on Tuesday. Photo: VCG
Source: VCG | 2018/12/18 18:08:39

China decreases holdings of US debt to prevent possible risks  

China took action to decrease holdings of US debt in a bid to prevent potential risks, both in terms of financial risks and political risks, an economic expert said on Tuesday.
Source: Global Times | 2018/12/18 18:03:39

Mouthwatering brunch at N'Joy's all-day dinner restaurant, NUO Hotel Beijing

N'Joy's all-day dinner restaurant at NUO Hotel Beijing (NUO) has upgraded its Sunday brunch menu recently and allows the guests to enjoy a gourmet voyage of discovery. The brunch begins with a plate of sea urchin caviar. Canapés, mouthwatering Brazilian churrasco and about 450 kinds of cuisines are served for the guests to choose from.
Source: Global Times | 2018/12/18 17:41:12

Taste of Argentina

Argentina made products were wildly popular during the "double-11" shopping festival falling on November 11 this year. About 10,000 servings of imported Argentine veal were sold in just one minute, and 1.52 million tons of Argentine red shrimp were snapped up within an hour.
Source: Global Times | 2018/12/18 17:38:39

Chinese, Thai companies join hands to develop tourist boat service in Golden Triangle

Chinese and Thai companies signed three documents on Monday at northern Thailand's Chiang Saen port in a bid to develop boat trip service along the Lancang-Mekong river.
Source: Xinhua | 2018/12/18 11:19:33

Boeing to invest 4.2 bln USD in commercial aviation of Brazil's Embraer

US top aircraft maker Boeing Company (Boeing) announced Monday an investment of 4.2 billion US dollars in taking the majority control of a commercial joint venture with Brazil's aviation giant Embraer.
Source: Xinhua | 2018/12/18 8:12:06

Google to invest 1 billion USD in new campus in New York City

Google will invest more than 1 billion US dollars to establish a new campus in New York City (NYC), the internet giant announced Monday, a move expected to solicit more talents and create thousands of jobs.
Source: Xinhua | 2018/12/18 8:04:28

Nestle, Yunnan university strive to improve coffee quality, yield

Global food giant Nestle's coffee center and Yunnan Agricultural University signed a memorandum of understanding Monday to improve coffee plants in the city of Pu'er in southwest China's Yunnan Province.
Source: Xinhua | 2018/12/17 23:40:29

Huawei launches nova 4 smartphone with hole-punch display

Chinese tech giant Huawei Technologies launched its brand-new nova 4 smartphone, its first phone with a hole punch display, in Changsha, capital of Central China's Hunan Province on Monday.
Source: Global Times | 2018/12/17 22:27:54

Russian deal with Cainiao

Russia's largest cargo airline AirBridgeCargo Airlines announced plans to cooperate with, Alibaba's delivery service platform, to jointly advance a smart logistics network, media reports said on Monday.
Source: Agencies | 2018/12/17 22:13:40

'Little Pink' patriotism supporting Huawei irrational; will backfire on supply chain

The recent arrest of Huawei senior executive Meng Wanzhou in Canada has ignited widespread patriotism on Chinese social networks, with some businesses showing support by giving free tickets or discounted meals. At the same time, other observers are calling for rational moves and urging Chinese consumers not to target foreign brands like Apple.
Source: Global Times | 2018/12/17 21:33:39

Chinese smartphone producers set up R&D centers to drive innovation in India

Smartphone producers from the Chinese mainland are moving to establish research and development (R&D) centers in India in a bid to offer localized products and services in the world's fastest growing phone market.
Source: Global Times | 2018/12/17 21:23:39

The 3rd China Venture Capital Forum kicks off in Beijing

The 3rd China Venture Capital Forum, sponsored by the Beijing Venture and Innovation Association, was held in Beijing on December 9. The theme of the forum was "Venture Capital and Sustainable Economic Development," which attracted much attention from all sectors of society.
Source: Global Times | 2018/12/17 18:48:39

Chinese firms seek cooperations in Europe

As China's economic relations with the US grow tense, some Chinese companies are turning their eyes to European companies for possible acquisitions to seek more cooperation with European states.
Source: Global Times | 2018/12/17 16:53:40

First shipment of Fortescue's higher grade iron ore leaves for China

The first shipment of Fortescue Metals Group's (FMG) new higher grade iron ore left Western Australia on Monday for Hunan Valin Steel Co. Ltd in China.
Source: Xinhua | 2018/12/17 14:10:44

Boeing's plant in Zhejiang delivers first plane, marking new era

US planemaker Boeing and its Chinese joint venture partner Commercial Aircraft Corp of China (COMAC) announced the delivery of the first airplane, a 737 Max, to Air China from the new 737 Completion and Delivery Center in Zhoushan, East China's Zhejiang Province on Saturday.
Source: Global Times | 2018/12/16 21:29:54