BUSINESS >> Companies

Canada Goose delays store opening in Beijing as consumers protest Huawei arrest

The debut of the first brick-and-mortar store of Canada Goose in the Chinese mainland was delayed from Saturday amid tensions between China and Canada.
Source: Global Times | 2018/12/16 21:03:40

Foreign automakers reduce prices on cars made in US after govt announces tariff cuts

US tech giant Tesla Inc and German automaker BMW have reduced prices in the Chinese market for their US-built luxury cars following the Chinese government's announcement that it will cut auto tariffs, marking progress in trade negotiations between China and the US.
Source: Global Times | 2018/12/16 21:03:39

TCM maker apologizes over scandal

Beijing Tongrentang Co, Beijing's oldest traditional Chinese medicine store, reportedly apologized after media reports unveiled loopholes in its supply chain, which allegedly recycled expired honey.
Source: Xinhua-Global Times | 2018/12/16 20:08:39

As Hainan's conference industry booms, more infrastructure projects are urgently needed

South China's Hainan Province has had a busy couple of weeks. At least four international events – Sanya Forum, Haitian Feast, Miss World pageant and the Hainan International Film Festival – have taken place in Hainan in December, putting the spotlight on the tropical island's growing international exhibition and conferences industry. So what are Hainan's advantages and disadvantages in further developing the industry?
Source: Global Times | 2018/12/16 17:53:39

Shop Fresh

A view of JD.com's 7Fresh, a “new retail” supermarket that combines online and offline sales, in a shopping mall in Xi'an, capital of Shaanxi Province on Sunday. The store, which opened on Sunday and also marked JD.com's first “new retail” supermarket in Northwest China, supports cutting-edge technology such as face-scanning payment. JD.com launched 7Fresh after its competitor Alibaba Group hit the market with Hema supermarket. Photo: IC
Source: IC | 2018/12/16 17:48:39

Dollar scales to 19-month peak as gloom grows

The dollar rose to a 19-month high against a basket of currencies on Friday, as worrisome political and economic news outside the US drove a strong bid for the safety of the greenback.
Source: Reuters-Global Times | 2018/12/16 17:43:40

Chinese firm halts cobalt purchases from Glencore: sources

Chinese battery firm GEM has stopped buying cobalt from Glencore as the price of the battery material crashed below that agreed in a three-year deal between the two companies, sources close to the matter said.
Source: Reuters-Global Times | 2018/12/16 17:43:39

Boeing's Chinese plant delivers first plane

US planemaker Boeing and its Chinese joint venture partner Commercial Aircraft Corporation 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 | 2018/12/15 19:14:30

BMW launches online ride-hailing service in Sichuan

ReachNow, the BMW-owned car-sharing service, launched a ride-hailing service in Chengdu, capital of southwest China's Sichuan Province, on Friday.
Source: Xinhua | 2018/12/15 17:55:28

Private companies in China's rust belt borrow money using trademark

Private enterprises in northeast China's Liaoning Province are increasingly using intangible assets, including trademark rights, as loan collateral to ease financing difficulties.
Source: Xinhua | 2018/12/15 16:08:58

Facebook unveils 6.8 million users possibly affected by latest photo API bug

US top social media network Facebook admitted Friday that about 6.8 million users may risk their private photos being exposed to third-party apps.
Source: Xinhua | 2018/12/15 9:26:25

China's 360 Finance makes Nasdaq debut

360 Finance, a Chinese fintech company, rang the Nasdaq MarketSite opening bell on Friday in celebration of its initial public offering (IPO).
Source: Xinhua | 2018/12/15 8:40:28

Apple to push software update in China as Qualcomm case threatens sales ban

Apple Inc, facing a court ban in China on some of its iPhone models over alleged infringement of Qualcomm Inc patents, said on Friday it will push software updates to users in a bid to resolve potential issues.
Source: CGTN | 2018/12/15 8:14:31

Beijing to cut tariffs on US cars for three months in sign of good faith

China announced on Friday it will suspend recently-imposed tariffs on US-made autos and components for three months, involving 211 items, reflecting the country's good faith in seeking solutions to the China-US trade spat that should be appreciated by the US government, Chinese experts said.
Source: Global Times | 2018/12/14 21:05:26

Chinese mobile internet company serves millions of Arabic-speaking users in Egypt

It looked like a beehive inside a Chinese mobile internet company operating in classy Garden City of Egypt's capital Cairo, with dozens of Egyptian and Chinese colleagues either busy going back and forth from one room to another or sitting on their desks with their faces nailed to desktop computers and laptops.
Source: Xinhua | 2018/12/14 13:33:45

YouTube purges 1.67 million channels for spam or misleading content last quarter

Google-owned YouTube has removed about 1.67 million channels for problematic videos, spam, scams or other misleading content in the previous quarter, the company said in its latest transparency report on Thursday.
Source: Xinhua | 2018/12/14 8:36:26

India mistaken in blocking Chinese e-commerce

Indian consumers are buying Chinese products via e-commerce platforms out of their own choice, and unreasonable limits on these purchases will bring costs up for India's consumers and hinder its newly emerging economy, experts told the Global Times Thursday.
Source: Global Times | 2018/12/13 23:34:50

Fiscal spending rises

China's fiscal expenditure in the first 11 months rose 6.8 percent from a year earlier, the Ministry of Finance said on Thursday.
Source: Global Times - Reuters | 2018/12/13 23:33:40