BUSINESS >> Companies

Google invests $550m in e-commerce giant

US-based Google will invest $550 million in Chinese e-commerce giant Inc as part of a strategic partnership, a move that experts said shows the US company's ambition to be a rival to Amazon and expand its presence in the fast-growing Chinese market.
Source: Global Times | 2018/6/18 22:38:39

In meeting with Alibaba boss, Malaysia PM courts Chinese help in digital economy

Malaysian Prime Minister Mahathir Mohamad met Jack Ma Yun, founder of Alibaba Group, in his office on Monday, where he said that his government welcomes Chinese investment in Malaysia, according to a statement Alibaba sent to the Global Times.
Source: Global Times | 2018/6/18 21:43:40

Google to invest in Chinese e-commerce firm

Chinese e-commerce giant announced Monday it has secured investment worth 550 million US dollars from Google as part of a new strategic partnership between the two leading tech companies.
Source: Xinhua | 2018/6/18 17:34:53

BYD recalls more than 10,000 cars over defective airbags

Chinese electric vehicle manufacturer BYD has announced a recall of more than 10,000 cars to replace potentially faulty airbags, according to the country's top quality supervisor.
Source: Xinhua | 2018/6/18 6:20:42

Uber to launch e-bikes sharing service in Seattle

US ride-hailing leader Uber is going to launch its new e-bikes sharing service in Seattle, the largest city in the west US state of Washington state, next month, a media report said Saturday.
Source: Xinhua | 2018/6/17 16:55:01

Hyundai recalls over 2,300 defective cars in China

Hyundai has started to recall over 2,300 imported cars in China due to a defective door control, according to the General Administration of Customs (GAC).
Source: Xinhua | 2018/6/17 16:48:02

Hisense launches its new World Cup slogan

Global technology leader Hisense, the official TV sponsor of the 2018 FIFA World Cup, has launched its смотри Hisense World Cup slogan as it encourages football fans not to miss the world's biggest sporting event.
Source: Xinhua | 2018/6/16 10:39:19

Chinese rideshare company DiDi Chuxing announces Australian launch

Chinese rideshare giant DiDi Chuxing announced on Friday that it will officially launch its mobile transportation platform in Melbourne on June 25 after a successful month-long trial in the nearby city of Geelong.
Source: Xinhua | 2018/6/15 11:12:42

Monopoly practices may backfire on China's mobile economy

Monopolies in some of China's sharing economy need to be broken down while there should be more legal improvements to ensure workers' rights, experts said Thursday. China's booming sharing economy has been plagued with industry monopolies and rising complaints from workers about falling incomes and worsening work conditions in recent months.
Source: Global Times | 2018/6/14 22:08:41

More overseas talent returns to China, many to senior positions

LinkedIn, a US-based networking website, said in a report that the return of talent to China has shown an increasing trend in recent years, and staff in the finance and technology industries are still in hot demand.
Source: Global Times | 2018/6/14 21:33:41

ZTE shares slide again as firm moves to ensure compliance with US penalty plan

Chinese telecommunications giant ZTE Corp has proposed a $10.7 billion financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a US supplier ban.
Source: Reuters | 2018/6/14 21:33:40

Tencent to buy Bluehole

Chinese internet company Tencent Holdings plans to purchase a 10 percent stake in South Korean game developer Bluehole Inc for more than $500 million, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Source: Global Times | 2018/6/14 21:18:40

Alibaba backs saline rice

Alibaba has pledged to cooperate with a saline soil rice research and development (R&D) team to increase production and farmers' incomes, according to Thursday's edition of the Beijing Youth Daily.
Source: Agencies | 2018/6/14 21:13:40

Coal-to-oil conversion

China is developing new energy sources by converting coal into diesel, the Xinhua News Agency reported on Thursday.
Source: Agencies | 2018/6/14 21:13:40

CEEC, Saudi agreement

China Energy Engineering Corp (CEEC) announced on Monday that it has signed a strategic cooperation agreement with Saudi Arabia's International Company for Water and Power Projects (ICWPP).
Source: Global Times | 2018/6/14 21:13:40

Gaming firms explore global opportunities

Chinese gaming companies are exploring new opportunities at the annual Electronic Entertainment Expo (E3), which kicked off Tuesday at the Los Angeles Convention Center, the Xinhua News Agency reported Thursday
Source: Global Times | 2018/6/14 21:08:41

Pernod Ricard wines undergoing 'standard import reviews' in China

Some of Pernod Ricard's products imported into China are undergoing normal document reviews at Chinese customs and standard procedures are being followed, according to a statement the firm sent to the Global Times on Thursday in which it denied recent foreign media reports on customs delays.
Source: Global Times | 2018/6/14 21:03:41

Wedomé opens its first unmanned smart bakery store in Beijing

The first local unmanned smart bakery store was opened on May 25 in Beijing HuaPu International Plaza in Chaoyang district by the domestic bakery brand Wedomé, with an aim to provide a more convenient and easy way of consumption for the public.
Source: Global Times | 2018/6/14 18:38:39