BUSINESS >> Companies

India TATA's woes show foreign car makers should build up brands to tide over sales 'winter' in China: analysts

Once considered a place where it's easy to make a windfall profit, the Chinese market, where car sales lost momentum last year, has become more challenging for some overseas vehicle brands.
Source: Global Times | 2019/2/12 22:13:43

Suning acquisition discussions

The Shenzhen Stock Exchange held a talk with suning.com as the Chinese retail giant's purchase of Wanda's department stores seems to fall short of meeting the credit approval standard, domestic news site bjnews.com.cn reported on Tuesday.
Source: Global Times | 2019/2/12 22:13:41

Huawei pushes back in Europe

Leading Chinese telecommunications equipment manufacturer Huawei Technologies is taking the initiative to protect its lawful business interests in Europe, as the company reportedly threatened to sue the Czech security authority over a warning issued by the latter, Chinese analysts said on Tuesday.
Source: Global Times | 2019/2/12 20:13:40

Investors brace for China tech funding suffering 'down rounds'

Investors are bracing for a series of “down rounds” in China's much-hyped tech sector as weak stock markets worldwide and the country's economic slowdown weigh on the once-buoyant private markets.
Source: Reuters | 2019/2/12 18:58:40

Club Med suffers criticism after norovirus outbreak

Club Med has promised compensation, on Tuesday, to affected guests, after eight people were confirmed to have received medical treatment for norovirus by local government officials, at a luxury resort Club Med in Northeast China's Heilongjiang Province, according to Chinese financial website finance.ce.cn on Monday.
Source: Global Times | 2019/2/12 17:14:00

Suning.com to acquire Wanda department stores in offline retail expansion

Chinese e-commerce giant Suning.com will acquire all Wanda Department Stores to expand its offline presence and improve their shopping experience, the company announced Tuesday.
Source: Xinhua | 2019/2/12 16:48:42

Getting to work

A job-seeker looks at recruitment posts at a job market for migrant workers in Qingdao, East China's Shandong Province over the weekend. As the Spring Festival holidays end, many people are looking for work and employers are posting many job opportunities.
Source: IC | 2019/2/11 22:43:39

Shenzhen launches pilot project for 5G commercial use

Shenzhen, South China's Guangdong Province, known as China's Silicon Valley, has launched a pilot project for 5G commercial use.
Source: Global Times | 2019/2/11 22:38:52

Vehicles recall

China's market regulator recalled 644,636 defective vehicles involving brands such as Tesla, Geely and Chery Jaguar Land Rover out of safety concerns in January.
Source: Global Times | 2019/2/11 22:38:39

China's smaller cities post faster growth in overseas tourism spending than big cities

Outbound travelers from third- and fourth-tier cities registered faster growth in their purchases through Alipay than those from the top-tier cities such as Beijing and Shanghai, Alibaba's third-party payment platform Alipay said.
Source: Global Times | 2019/2/11 22:08:39

China 'irreplaceable' chip consumption power

The increased global rankings of Chinese manufacturers when it comes to semiconductors purchases show China's irreplaceable standing as a world-leading consumer in this sector, a Chinese analyst said on Monday.
Source: Global Times | 2019/2/11 21:53:39

US report on China's IPR protection ranking 'biased,' ignorant of China's progress: analysts

It has become routine that whenever a foreign report is released – whether by a government or an organization – on intellectual property rights (IPR) protection, China in the vast majority of cases seems to be the most popular target of criticism.
Source: Global Times | 2019/2/11 21:32:25

CSSC wins shipbuilding orders worth $1.2 billion

China State Shipbuilding Corp (CSSC) won orders from CMA CGM Group, a leading global shipping group based in France, to build 10 15,000 containerships of 20-foot equivalent unit capacity.
Source: Global Times | 2019/2/11 21:08:39

Fast-growing Chinese short video platform TikTok challenges Instagram, Snapchat

The explosive growth of Chinese short video platform TikTok is posing a rising challenge to established foreign social media apps like Instagram and Snapchat, the latest download trends showed.
Source: Global Times | 2019/2/11 21:03:39

West sees Chinese state firms as 'imaginary enemies'

Moves taken by some Western companies against imaginary enemies from China, such as certain industry conglomerates like CRRC Corp, reflect those countries' prejudice against China's state-owned enterprises (SOEs) as well as their fear of potential competition from China, experts commented on Monday.
Source: Global Times | 2019/2/11 20:13:39

Chinese listed companies misjudge EV start-ups with excessive valuations

Several listed Chinese electric vehicle (EV) companies and associated component makers issued profit warnings in recent days, as many companies suffered from inflated valuations at acquisition.
Source: Global Times | 2019/2/11 18:26:21

Over 12,000 firms set up in Chongqing FTZ in 2018

A total of 12,768 enterprises were set up in the pilot free trade zone (FTZ) of southwest China's Chongqing Municipality in 2018, according to the municipal commission of commerce.
Source: Xinhua | 2019/2/11 17:36:30

Tanya Chua meets Xi'an Renaissance

The new Renaissance Xi'an is the first Renaissance-branded hotel that has opened in northwest China. The hotel is designed with a combination of historical and modern elements. Its opening brings a closer connection between Xi'an and the rest of the world.
Source: Global Times | 2019/2/11 16:33:39