BUSINESS >> Companies

China Eastern, Japan Airlines team up

China Eastern Airlines Corp and Japan Airlines Co (JAL) are teaming up to capitalize on a boom in Chinese tourism. To realize this goal, the two carriers plan to form a joint venture (JV) in the first such deal between a Chinese and Japanese carrier.
Source: Agencies-Global Times | 2018/8/9 17:23:40

New aviation services, deals

New services, deals
Source: Global Times | 2018/8/9 17:23:39

Beijing Contemporary Expo 2018 to open

The media conference for the 2018 Beijing Contemporary Expo took place at UCCA in the 798 art district in Beijing on August 1, revealing a trendy exhibition that will soon take place at the National Agricultural Exhibition Center from August 30 to September 2.
Source: Global Times | 2018/8/9 13:38:39

BMW recalls 323,700 diesel vehicles in Europe due to problems with exhaust system

BMW has ordered a recall of 323,700 diesel vehicles in Europe which may be affected by an exhaust gas recycling system defect, the Munich-based carmaker confirmed on Tuesday night.
Source: Xinhua | 2018/8/9 7:03:46

Alibaba's Ma Yun launches initiative to help young African entrepreneurs

Chinese e-commerce giant Alibaba's Chairman Ma Yun launched on Wednesday here the Netpreneur Prize to support exemplary African business leaders.
Source: Xinhua | 2018/8/9 6:23:26

Toutiao seeks new fundraising, may face uncertainty despite popularity

Beijing-based news content provider ByteDance has reportedly launched a new round of fundraising that would make it the world's most valuable unicorn – surpassing Uber and Didi Chuxing – but analysts said it might be overvalued in spite of its fast growth.
Source: Global Times | 2018/8/8 22:23:41

PetroChina Vietnam business

PetroChina International provided 6.2 tons of jet fuel to the Sichuan Airlines 8192 flight at the Vietnamese airport of Da Nang, the first time the company provided refueling services in the Southeast Asian nation.
Source: Xinhua-Global Times | 2018/8/8 22:08:41

Mafengwo's Australia deal

Chinese travel services and social networking platform Mafengwo has teamed up with Australia's tourism authority to help attract more Chinese tourists.
Source: Xinhua-Global Times | 2018/8/8 22:08:41

Carrefour not leaving

Carrefour will continue to pursue sustainable development in the Chinese market, a public relations executive from Carrefour China has told the Xinhua News Agency.
Source: Xinhua-Reuters | 2018/8/8 22:03:41

Ford to launch basic SUV

Ford Motor said on Wednesday it will launch in China early next year a new “entry-level” sport utility vehicle (SUV) developed jointly with a local partner, as the US carmaker attempts to revive its slumping business in the world's biggest auto market.
Source: Xinhua-Reuters | 2018/8/8 22:03:40

Tesla in discussions with Chinese banks to fund $5b Shanghai factory

Tesla Inc is ramping up efforts to build its gigafactory in Shanghai, as the US electric carmaker is reportedly in talks with Chinese banks to negotiate funding for its new facility and is recruiting staff in China.
Source: Global Times | 2018/8/8 21:43:40

First Renaissance Hotel in Shaanxi Province opens

Marriott International Group recently announced that the first Renaissance Hotel in China's northwest region was opened.
Source: Global Times | 2018/8/8 19:13:44

First Renaissance Hotel in Shaanxi Province opens

Marriott International Group recently announced that the first Renaissance Hotel in China's northwest region was opened.
Source: Global Times | 2018/8/8 19:13:40

Global perspectives for China from Knight Frank

Well-known international property consultancy Knight Frank launched The Wealth Report 2018 in May. Now in its twelfth consecutive year, the report offers its global perspective on property and investment. In light of the event, the Global Times (GT) sat with Piers Brunner (Brunner), CEO of Greater China, Knight Frank, who shares his insight and vision on property and wealth.
Source: Global Times | 2018/8/8 18:38:40

Samsung to invest 160 bln USD, hire 40,000 for next 3 years

Samsung Group, South Korea's biggest family-controlled conglomerate, said Wednesday that it will invest 180 trillion won (about 160 billion US dollars) and hire 40,000 more employees for the next three years.
Source: Xinhua | 2018/8/8 14:33:42

Carrefour to continue sustainable development in China

Carrefour will continue to pursue sustainable development in the Chinese market, a public relations executive from Carrefour China has told Xinhua.
Source: Xinhua | 2018/8/8 13:53:24

Mafengwo helps Australia woo more Chinese tourists

Chinese travel services and social networking platform Mafengwo has teamed up with Australia's tourism authority to help attract more Chinese tourists.
Source: Xinhua | 2018/8/8 11:55:36

Tesla shares soars after Elon Musk's buyout plan

Shares of Tesla surged nearly 11 percent on Tuesday after its CEO Elon Musk surprised the market by announcing plans to take the company private at 420 U.S. dollars per share.
Source: Xinhua | 2018/8/8 10:25:55