BUSINESS >> Companies

Secrets of survival

Developing a clear-eyed and objective understanding of the company's situation, redefining strategic focus, restructuring to reduce costs and complexity, building the right culture and investing in digital are critical elements of a successful turnaround, BCG TURN, a unit of The Boston Consulting Group (BCG), said in a report on Wednesday.
Source: Global Times - Xinhua | 2017/12/13 22:03:40

Figuratively Speaking

No.1 China's forecast global position by 2028 in terms of GDP, Chinese lender Bank of Communications said on Wednesday.
Source: Global Times | 2017/12/13 22:03:40

P2P risk crackdown nears completion

Peer-to-peer (P2P) lending institutions will need to complete their filing and documentation processes with relevant agencies before June next year, according to a circular issued on Friday by a special authority set up to lead a campaign to reduce risks in the sector.
Source: Global Times | 2017/12/13 22:03:39

Tencent, Zhuhai team up

Internet giant Tencent has signed deals with the city government of Zhuhai in South China's Guangdong Province and the authorities of Hengqin New District of Zhuhai to boost the development of the digital economy, domestic news site reported on Wednesday.
Source: Global Times | 2017/12/13 21:58:41

Founder of China's embattled LeEco put on debt blacklist, company confirms

Leshi Internet Information & Technology Corp, the listed arm of LeEco, annouced on Wednesday night that the company's founder Jia Yueting has been placed on an official blacklist of debt defaulters, according to its announcement to the Shenzhen Stock Exchange.
Source: Global Times - Reuters | 2017/12/13 21:58:40

Chinese smartphone makers up Indian push

Chinese smartphone makers have been increasing their investments in India as they race to establish factories in a huge and growing market where they have enjoyed sales success in recent years.
Source: Global Times | 2017/12/13 21:58:39

Google's AI center in Beijing to become magnet for talent, capital

US Internet giant Google Inc announced on Wednesday it is setting up an artificial intelligence (AI) research center in Beijing, a move that experts said reflects that China's AI sector is open to the world.
Source: Global Times | 2017/12/13 18:18:39

2017 successful year for Huawei Spain: CEO

Huawei Spain saw year-long growth in its three branches: infrastructures and networks, enterprise and private consumers, its CEO Tony Jin Yong said on Tuesday.
Source: Xinhua | 2017/12/13 8:38:07

Internet giants on prowl for acquisitions

The nation's top Internet companies – Baidu Inc, Alibaba Group Holding and Tencent Holdings, collectively known as BAT – are taking their competition to another level by seeking investments to supplement their core businesses. But experts warned that while acquisitions might enhance the individual competence of the Internet conglomerates, they might nip many domestic start-ups in the bud.
Source: Global Times | 2017/12/12 21:58:40

Figuratively Speaking

18.7% Year-on-year growth of shipments of wearable devices in China in the third quarter, according to market consultancy IDC.
Source: Global Times | 2017/12/12 21:58:39

US company sues HNA over failed deal

Ness Technologies SARL, a US software engineering company, has sued Chinese conglomerate HNA Group, accusing it of failing to adequately answer questions about its ownership in a US review of takeovers by foreign companies thereby causing their $325 million deal to fail.
Source: Reuters | 2017/12/12 21:53:40

Zhongan, Sinolink to tap into global market

Chinese online insurance company Zhongan Online P&C Insurance Co said it will establish a joint venture with a Hong Kong-based investment firm to tap into overseas markets, media reports said on Monday.
Source: Global Times | 2017/12/12 21:53:40

Consumer group warns bike-sharing firm Kuqi to refund deposits, fees

The China Consumers Association (CCA) criticized the Beijing-based bike-sharing company Kuqi in an open letter released on Tuesday and urged it to refund customers' deposits and issue a public apology.
Source: Global Times | 2017/12/12 21:48:41

UCAR upgrades service, will focus on driverless technology, car leasing

Domestic car-hailing company UCAR Inc on Tuesday announced plans for a strategic upgrading that involves the creation of a comprehensive car service platform.
Source: Global Times | 2017/12/12 21:48:40

Amazon cloud unit expands in China with new partner in Ningxia Inc said on Tuesday it is expanding its cloud computing business in China with a new local partner, aiming to win share in an increasingly crowded and highly regulated market.
Source: Reuters-Global Times | 2017/12/12 21:48:40

LeEco's Jia on court list

LeEco founder Jia Yueting is on the list of dishonest persons on the online system of the Chinese courts and he will be banned from traveling by plane and qualifying for loans and credit cards, domestic news site reported on Tuesday.
Source: Global Times | 2017/12/12 21:43:40

Mafengwo raises $133m

Travel service Mafengwo announced it had completed a $133 million series D financing round on Tuesday, domestic news site reported.
Source: Global Times | 2017/12/12 21:43:40

Qihoo 360 defies accusation of public privacy infringement

Internet company Qihoo 360 Technology Co issued an announcement Tuesday, rebutting a widely circulated accusation over infringement of public privacy by smart cameras and live broadcast services the company operates.
Source: Global Times | 2017/12/12 21:38:39