BUSINESS >> Companies

Ofo sued for owing $10.2m to Shanghai Phoenix Bicycle unit

Chinese bike-sharing platform ofo has been sued by a subsidiary of its supplier Shanghai Phoenix Bicycle Co for defaulting on about 70 million yuan ($10.2 million) in payments, the bicycle producer announced on Friday.
Source: Global Times | 2018/9/2 20:38:39

Firms urged to enhance environmental protection

Chinese companies have been urged to improve their environmental protection consciences to help realize sustainable development, with some experts calling for detailed measures in public filings of listed firms at a forum on Saturday.
Source: Global Times | 2018/9/2 18:28:39

Liu Qiangdong was wrongly charged with sexual assault in US: JD

Chinese e-commerce giant JD.com's founder and CEO Liu Qiangdong was wrongly charged with sexual assault during a business trip in the US, the company said on its official Sina Weibo account on Sunday.
Source: Global Times | 2018/9/2 16:38:39

Chinese listed firms urged to detail environmental protection efforts

Chinese companies have been urged to improve their environmental protection consciences to help realize sustainable development, with some experts calling for detailed measures in public filings of listed firms at a forum on Saturday.
Source: Global Times | 2018/9/2 12:58:39

China Railway Group sees H1 profit up 18 pct

The China Railway Group Ltd reported an 18.1 percent increase of net profit in the first half of this year on rising contracts.
Source: Xinhua | 2018/9/1 18:37:46

Chinese TV service's success in Africa linked to localization plan

A Chinese entrepreneur said on Friday Africa still offers huge potentials, and further economic ties between China and African countries would help tap into them.
Source: Global Times | 2018/8/31 23:03:40

China's investment overseas grows steadily despite trade tensions: report

China's investment in overseas destinations posted steady growth in the first seven months of 2018 despite increasing restrictions imposed by US and EU regulators on Chinese investors amid escalating trade tensions, a report showed on Thursday.
Source: Global Times | 2018/8/30 22:53:40

Data theft in China's Zhejiang involves 3b pieces of personal information, further regulation needed

After local police in Shaoxing, East China's Zhejiang Province, uncovered China's largest data theft case in which 3 billion pieces of personal information were exploited for profit, a Chinese expert said on Thursday that crackdowns on such activities should be further intensified.
Source: Global Times | 2018/8/30 22:48:40

China's advanced crop technologies will benefit B&R markets

China's agricultural technology and innovation are expected to benefit more countries and regions along the routes of the China-proposed Belt and Road (B&R) initiative, industry representatives said, commenting on several agricultural advances such as hybrid wheat and seawater rice.
Source: Global Times | 2018/8/30 22:38:41

Mi Pay to launch in India

Chinese smartphone maker Xiaomi is ready to launch its payment service, Mi Pay, in India to take part in the growing payments market, according to a report from Business Line.
Source: Global Times | 2018/8/30 22:08:42

Taiping Singapore deals

China Taiping Insurance signed agreements with three institutions in Singapore to promote the China-proposed Belt and Road initiative, mutual trade and cooperation in the medical sector, according to a report by Hong Kong newspaper Ta Kung.
Source: Global Times | 2018/8/30 22:08:42

CEEC Bangladesh project

China Energy Engineering Corp (CEEC) has won a bid to take over the operation of a power station in Bangladesh, according to a report from the Hong Kong Economic Times.
Source: Global Times | 2018/8/30 22:08:41

Tencent Music Entertainment Video & Audio + Alliance Established

On the afternoon of August 27, the Summit Forum on Video & Audio Cooperation sponsored by Tencent Music Entertainment Group was successfully held in Beijing. At the summit forum, Tencent Music Entertainment Group and guests present discussed the establishment and development of the Video & Audio + Alliance.
Source: Global Times | 2018/8/30 20:08:40

Geely building plant for 250k cars

China's Geely is building a new plant to produce a quarter of a million bigger-sized cars a year that will help meet a goal of selling more than 2 million vehicles by 2020 and powering its growth, Reuters reported.
Source: Agencies | 2018/8/30 19:58:41

Better connection

Air Macao launched a direct flight between the special administrative region and Qingdao, East China's Shandong Province on Wednesday, marking the 18th direct route of the airline to the Chinese mainland.
Source: IC | 2018/8/30 19:03:41

BMW to make more vehicles in China for global market: executive

China's opening-up is an important policy and German carmaker BMW Group will make the best use of it, a company executive told the Xinhua News Agency in an exclusive interview in Munich, Germany.
Source: Xinhua | 2018/8/30 18:53:10

Medical market in Nigeria

Representatives of leading Chinese pharmaceutical companies are in Nigeria to find chances of cooperation with local partners.
Source: Xinhua | 2018/8/29 22:08:44

Three of China's Big Four banks post higher profits; bad loans steady in H1

Three of China's biggest four State-owned lenders reported higher profits for the first half of the year, as bad loan ratios held steady.
Source: Reuters | 2018/8/29 22:08:43