BUSINESS >> Companies

China to set up new courts to solve B&R disputes

The Supreme People's Court will set up the first international commercial court in Shenzhen in South China's Guangdong Province and the second international commercial court in Xi'an, capital of Northwest China's Shaanxi Province, to settle cross-border commercial disputes in the Belt and Road (B&R) initiative, China Central Television reported on Wednesday, citing a notice issued by the State Council, China's cabinet.
Source: Global Times | 2018/6/27 22:43:37

Taiwan businessmen witness mainland's evolving business environment over 40 years of reform and opening-up

Chen Xiurong, a 50-something Taiwan businesswoman who came to East China's Fujian Province in the late 1990s, has experienced a dramatic shift in the market environment over the years, from needing to pay to take an elevator in a department store to ordering everything through the click of a mobile phone.
Source: Global Times | 2018/6/27 22:33:40

JPMorgan to up China headcount

JPMorgan Chase & Co said it plans to expand its China investment banking team headcount by 40 percent to 50 percent over the next two to three years, as it looks to grab a bigger share of the country's fast-growing technology-related deals.
Source: Reuters-Global Times | 2018/6/27 21:31:23

Toyota slashes marketing costs

Toyota has begun slashing costs, starting with sales and marketing, and shifting resources into research that will help it keep up with new competitors, four people familiar with the matter said.
Source: Reuters | 2018/6/27 18:37:51

The Ritz-Carlton Yacht Collection opens reservations to the public

The Ritz-Carlton Hotel Company, LLC announced the opening of reservations for The Ritz-Carlton Yacht Collection recently. With a leisurely cruising style, the legendary Ritz-Carlton service and ports in sought-after destinations around the world, The Ritz-Carlton Yacht Collection delivers one of a kind experiences to its guests, transforming the luxury cruising industry.
Source: Global Times | 2018/6/27 18:37:51

Huawei defends overseas invitations after Aussie think tank warning

Huawei defends its sponsorship of overseas trips for Australian politicians in response to a recent Australian think tank report that criticized the Chinese company's actions.
Source: Global Times | 2018/6/27 18:08:41

Huawei defends overseas invitations after Aussie think tank warning

Huawei defended its actions in response to a recent Australian think tank report that criticized the Chinese company's sponsorship of overseas trips for Australian politicians.
Source: Global Times | 2018/6/27 10:10:09

China's homegrown jet takes to the skies in Shanghai

China's homegrown C919 large passenger jet on Tuesday underwent test flights in Shanghai, and will be later moved to a testing base in East China's Shandong Province.
Source: Global Times | 2018/6/26 22:28:40

Ofo ends Israeli expansion plan

A pilot project by Chinese bike-sharing firm ofo at the Weizmann Institute of Science in Israel was forced to finish less than two months after it began, local media reported.
Source: Xinhua-Global Times | 2018/6/26 22:18:42

Foreign airlines' two-faced trick on Taiwan listing won't fly: experts

Chinese aviation experts strongly criticized a US media report that suggests the way Japanese airlines are describing Taiwan can provide a reference to other foreign airlines. Experts stressed the Japanese airlines' two-faced behavior is “never acceptable.”
Source: Global Times | 2018/6/26 22:18:41

CGN Power to raise $2.29b in A-share market IPO

Chinese State-owned energy company CGN Power Co is planning to raise 15 billion yuan ($2.29 billion) in an initial public offering on the Chinese A-share market, according to filings.
Source: Global Times | 2018/6/26 22:18:40

Three Gorges' bid for EDP at risk

China Three Gorges Corp's bid for acquiring the renewable unit under Portuguese energy firm EDP-Energias de Portugal SA is facing intensified competition as other European companies also reportedly offer bids.
Source: Global Times | 2018/6/26 22:08:40

Lippo Group invests $44m in Tencent

Indonesian conglomerate Lippo Group said on Tuesday it had invested 628 billion rupiah ($44.35 million) in Chinese internet giant Tencent Holdings Ltd through shares and equity-linked notes.
Source: Agencies-Global Times | 2018/6/26 21:33:41

President of PGTG Li Jianqi sees unicorn status in world of bioactive peptides

As a new industry with great potential, the health industry in China is not just about improving the well-being of the Chinese, it also represents infinite economic potential, and it has become one of the linchpins for the transformation and upgrade of China's economic development strategy.
Source: Global Times | 2018/6/26 19:08:40

Unicorn firms prefer HK bourse over A-share market despite govt encouragement

Chinese unicorn firms still have a preference for Hong Kong and US stock markets over the A-share market despite Chinese government policies to foster domestic listings, data from a PwC report on Chinese unicorns showed on Monday.
Source: Global Times | 2018/6/25 22:58:40

HNA to sell NYC stake

SL Green Realty Corp is buying a stake in the office tower at 245 Park Avenue in New York City from embattled Chinese conglomerate HNA Group, according to the Wall Street Journal.
Source: Reuters | 2018/6/25 22:13:41

China Renaissance IPO

Chinese investment bank China Renaissance Group aims to raise as much as $800 million in a Hong Kong IPO, said people with direct knowledge of the matter.
Source: Reuters | 2018/6/25 22:13:41

Alipay, GCash remittances

The world's first cross-border remittance services based on blockchain technology was unveiled in Hong Kong on Monday, allowing users of Alipay HK to transfer cash to the Philippine digital wallet GCash within seconds, according to a press release Ant Financial sent to the Global Times Monday.
Source: Global Times | 2018/6/25 22:13:39