BUSINESS >> Companies

Germany's Volkswagen to electrify products on massive scale

The German carmaker Volkswagen is set to push ahead with its strategy aimed at electrifying its product portfolio on a massive scale, the company said on Tuesday.
Source: Xinhua | 2018/3/14 8:14:45

Uber to return to Finland in summer

The ridesharing and transport service provider Uber will resume operation in Finland in the upcoming summer, Finnish media reported on Tuesday.
Source: Xinhua | 2018/3/14 8:03:25

Apple, Google corporate brands tumble, Amazon maintains top spot: survey

Apple Inc and Alphabet Inc's Google corporate brands dropped in an annual survey while Inc maintained the top spot for the third consecutive year, and electric carmaker Telsa Inc rocketed higher after sending a red Roadster into space.
Source: Reuters | 2018/3/13 22:13:40

Figuratively Speaking

11.7% Year-on-year increase of air travel in China during the Spring Festival holidays to 65.41 million passengers, media reported on Tuesday.
Source: Global Times | 2018/3/13 21:48:39

TCL AI research center

Electronics supplier TCL said Tuesday that it will set up a research and development (R&D) center in Eastern Europe focused on artificial intelligence (AI).
Source: Global Times | 2018/3/13 21:43:40

Overseas M&A data

Europe, the Middle East and Africa were the most active regions for China's A-share listed companies to conduct overseas mergers and acquisitions (M&As) from 2012 to 2017, a report from consulting firm PwC showed on Tuesday.
Source: Global Times | 2018/3/13 21:43:39

ABC to raise up to $15.8b via private placement to boost capital adequacy

Agricultural Bank of China (ABC), China's third-largest bank, said on Monday it will raise up to 100 billion yuan ($15.81 billion) in the biggest A-share private placement by a listed Chinese commercial bank.
Source: Reuters-Global Times | 2018/3/13 21:33:40

Ofo raises $866m to ease cash crunch

Leading dockless bike-sharing platform ofo announced on Tuesday a new $866 million round of funding led by e-commerce giant Alibaba Group, easing concerns that the company's funds may be running low.
Source: Global Times | 2018/3/13 20:38:39

China approves Bayer's acquisition of Monsanto with conditions

China's Ministry of Commerce (MOFCOM) announced on Tuesday that it has approved Bayer's acquisition of Monsanto with extra restrictive items, according to a statement posted on the ministry's official website.
Source: Global Times | 2018/3/13 20:23:40

Oregon firms eye more business opportunities in China

Businesses in Oregon on the US West Coast are enthusiastic about finding more trade opportunities in China, an official with the China-Oregon friendship council said Monday.
Source: Xinhua | 2018/3/13 16:13:56

China's bike-sharing firm ofo raises 866 mln USD in new round of funding

China's leading bike-sharing service ofo announced Tuesday that it had raised another 866 million US dollars in its latest round of funding led by Alibaba Group.
Source: Xinhua | 2018/3/13 14:42:18

Trump blocks Singapore-based Broadcom's takeover of US chip maker Qualcomm

US President Donald Trump on Monday issued an order blocking Singapore-based chip maker Broadcom Limited's proposed purchase of its US rival Qualcomm, citing national security concerns.
Source: Xinhua | 2018/3/13 10:32:13

Three out of 10 Audi sedans sold in China in February: company data

Three out of 10 Audi cars were sold in the Chinese market last month, which has become a growth engine for the German carmaker, the Ingolstadt-based company announced on Monday.
Source: Xinhua | 2018/3/13 8:10:57

US airport duty-free retailer accepts Chinese electronic payment via mobile devices

A US airport duty-free retailer has successfully deployed a cross-border payment solution to accept Chinese electronic payment via their smartphones in a bid to allure more Chinese tourists, a US leading mobile payment company said Monday.
Source: Xinhua | 2018/3/13 8:10:40

Figuratively Speaking

45.6b yuan Investment planned for transport infrastructure construction in Northwest China's Qinghai Province in 2018, domestic news site reported on Monday.
Source: Global Times | 2018/3/12 21:28:39

Higher costs, upgrading prompt beer price hikes

Wholesale prices of beer are continuing to rise in China as producers move to compensate for rising costs and pay for industrial upgrading.
Source: Global Times | 2018/3/12 21:28:39

Wanda NZ blockchain deal

Wanda Internet Technology Group, the technology arm of conglomerate Dalian Wanda, has reached a major deal with Centrality, an Auckland-based blockchain company to create an “ecosystem” that connects consumers, retailers and other parties, according to an announcement posted on the website of Centrality on Monday.
Source: Global Times | 2018/3/12 21:23:40

Pakistan power station opens

The first generator in the fourth stage of the Tarbela hydropower station began generating power on Saturday, the People's Daily reported on Monday.
Source: Global Times | 2018/3/12 21:23:40