BUSINESS >> Companies

Xiongan development needs patience: expert

It's not very good timing for the Xiongan New Area to rapidly grow into a megacities like Shenzhen, South China's Guangdong Province, or the Pudong area of Shanghai, considering the current situation, and more patience is needed in this 1,000-year project, a Chinese professor said.
Source: Global Times | 2018/8/15 21:58:28

China lists 400 State-owned enterprises for market reform

The Chinese government has listed about 400 State-owned enterprises (SOEs) for market reforms by and 2022, signaling policymakers' determination to carry out broad reforms of the country's massive State-owned assets.
Source: Global Times | 2018/8/15 21:58:27

US robotics company values Chinese market despite ongoing trade clash

NASDAQ-listed iRobot said it is a global company and the Chinese market is very important, although that tariffs imposed by the Trump administration on Chinese imports may disrupt the supply chain of the global robotics sector.
Source: Global Times | 2018/8/15 21:33:40

US ice cream firms risk missing era of exploding consumption in China amid trade row

From Haagen-Dazs to Bassetts to other niche brands, US ice cream makers have expanded all over the Chinese market in recent years. But now many of them are worried that the ongoing trade dispute between China and the US will make their business difficult in China.
Source: Global Times | 2018/8/15 21:28:40

Taiwan-based 85 Cafe may face boycott in the mainland, urged to recognize 1992 Consensus

Taiwan-based chain 85 Degrees Celsius Bakery Café (85 Cafe) has sparked criticism in the Chinese mainland, after one of its US stores warmly welcomed Taiwan leader Tsai Ing-wen, who leads the pro-independence Democratic Progressive Party.
Source: Global Times | 2018/8/15 21:13:40

Ford goes back to basics in Chinese market

Ford Motor is gearing up efforts to launch a new “entry-level” sport utility vehicle (SUV) developed jointly with a local partner in China early next year, as the US automaker attempts to revive its slumping business in the world's biggest auto market.
Source: Reuters-Global Times | 2018/8/15 19:15:57

Chinese movie star apologizes for 'incautious' financial management but denies manipulating 1.8b yuan of stocks

Chinese movie star Huang Xiaoming apologized over Weibo for ''incautious'' financial management on Wednesday, amid a series of stock scandals involving celebrities.
Source: Global Times | 2018/8/15 17:43:39

Sri Lanka to ink agreement with China's Alibaba to attract more tourists

The Sri Lankan Tourism Promotion Bureau (SLTPB) will ink an agreement with China's e-commerce giant, Alibaba's travel arm, Fliggy, to bring down 1,000 travelers weekly to Sri Lanka for expanding the island's growing tourism sector, local media quoted Tourism Minister John Amaratunga as saying on Tuesday.
Source: Xinhua | 2018/8/15 14:11:24

China's A-share market opens lower on Turkey economic woes

China's A-share market opened lower on Wednesday, which observers said was partly due to investors' risk-aversion sentiment after the recent Turkish lira crisis, which has lead to drastic fluctuations in the global financial market, as well as a weakening Chinese yuan.
Source: Global Times | 2018/8/15 13:38:39

Tesla forms special committee to review Musk's going-private plan

US top electric automaker Tesla Inc said Tuesday that it has formed a special board committee to assess its CEO Elon Musk's plan to take the company private.
Source: Xinhua | 2018/8/15 10:23:48

Intel confirms three security flaws in its chips

Top US chipmaker Intel Corp. on Tuesday confirmed that three more severe security flaws were found in some of its microprocessors that could pose potential risks of illegal data access from computer memory.
Source: Xinhua | 2018/8/15 10:23:19

BMW doesn't expect driving bans in Germany following Korean example

A new driving ban imposed by South Korean authorities on 20,000 defective BMW diesel vehicles is unlikely to happen in Germany, the Munich-based car maker told Xinhua on Tuesday.
Source: Xinhua | 2018/8/15 8:54:29

China printing banknotes for foreign countries 'shows advanced technology': analysts

China's ability to print the currencies of other countries shows that the nation's technologies and anti-counterfeiting measures are widely recognized and trusted. And there is no reason to have national security concerns as this is a licensed service, a Chinese expert said.
Source: Global Times | 2018/8/14 22:23:40

BYD wins EV bid in US

Chinese electric automaker BYD has won bids to supply vehicles to the US state of Georgia and the city of Atlanta, the company said in a statement released on Monday.
Source: Xinhua-Global Times | 2018/8/14 22:08:42

Steady Q2 revenue for YY

Chinese live-streaming platform YY said second-quarter net revenue increased by 44.6 percent to exceed 3.77 billion yuan ($570.2 million) with continued growth in mobile users.
Source: Agencies-Global Times | 2018/8/14 22:08:41

Sequoia China to raise $6b

Sequoia Capital China is teaming up with a State-owned venture capital fund and e-commerce powerhouse JD.com to raise up to 40 billion yuan ($5.81 billion) for a new investment firm to focus on late-stage technology investments, sources said.
Source: Agencies-Global Times | 2018/8/14 22:08:41

Automaker NIO seeks to raise $1.8b in US listing

Chinese electric vehicle start-up NIO on Monday filed for a $1.8 billion IPO of American depositary shares, the biggest US listing by a Chinese automaker.
Source: Reuters | 2018/8/14 22:08:41

China ramps up market regulation after high-profile cases

Chinese regulators are stepping up efforts to crack down on stock market manipulation, after several high-profile cases involving celebrities in China revealed regulatory loopholes.
Source: Global Times | 2018/8/14 21:33:40