BUSINESS >> Companies

Disney+ streaming service to be launched in November in the US

The Walt Disney Company announced on Thursday that its streaming service Disney+ will be launched in November in the United States, which is expected to intensify competition in the streaming arena with digital powerhouses like Netflix and Amazon.
Source: Xinhua | 2019/4/12 17:38:38

US, Canadian companies to participate in Shanghai technology fair

Companies from the United States and Canada will participate in the 7th China (Shanghai) International Technology Fair (CSITF) for the first time, the city government said Thursday.
Source: Xinhua | 2019/4/12 14:57:52

China Southern Airlines launches new service to allow passengers to buy more than one seat

China Southern Airlines has launched a new service that allows passengers to buy more than one seat on a flight so as to provide a more comfortable travel experience, according to a post on the airline's official WeChat account on Thursday.
Source: Global Times | 2019/4/12 13:27:22

VCG image platform exposed over false copyright claims

Visual China Group (VCG), the Chinese counterpart to Getty Images, came under fire Thursday after it was discovered the platform had earned revenue from selling public domain images.
Source: Global Times | 2019/4/12 0:56:01

China aims to send 10m volunteers for rural services

China plans to mobilize more than 10 million vocational school and university students as volunteers to participate in the cultural, technological and medical development of rural areas by 2022, a move that observers and organizers said is expected to bring new economic vitality to villages and contribute to the Chinese government's agenda of poverty reduction.
Source: Global Times | 2019/4/11 22:18:40

Apple could use Huawei's 5G chipset: senior executive says

Huawei's 5G chipsets are open for sale to third-party companies, and the company will “say yes” if US device giant Apple want to buy it, Richard Yu Chengdong, CEO of Huawei's consumer business group (CBG), said on Thursday.
Source: Global Times | 2019/4/11 20:58:41

Companies from 21 countries confirmed to attend big data expo

More than 100 companies from 21 countries have confirmed their attendance at an incoming big data expo to be held in southwest China.
Source: Xinhua | 2019/4/11 19:25:07

Apple welcome to use Huawei's 5G chipset: Huawei executive

Huawei's 5G chipsets are open for sale to third-party companies, and the company will “say yes" if US device giant Apple want to buy it, Richard Yu Chengdong, CEO of Huawei's consumer business group (CBG), said on Thursday.
Source: Global Times | 2019/4/11 18:48:40

Urban pension funds likely to run out by 2035: Chinese Academy of Social Sciences

Pension funds in China could run out before workers born in the 1980s retire, according to a report released by the Chinese Academy of Social Sciences on Wednesday.
Source: Global Times | 2019/4/11 14:23:12

China is an engine of growth for PepsiCo: Ramon Laguarta

PepsiCo has been continuously investing and contributing to China's economic growth for almost four decades. PepsiCo was one of the first multinational companies to enter China. Together with its business partners, they have invested over 48 billion yuan over the last 12 years. PepsiCo has built a highly successful food and beverage business.
Source: Global Times | 2019/4/11 14:13:40

China's Baidu extends loss after stock downgrade by US leading brokerage

Chinese Internet search engine giant Baidu saw its US shares pulled back on Wednesday, after US brokerage and investment bank Oppenheimer downgraded its rating on the company to "perform" from "outperform," according to public corporate information.
Source: Xinhua | 2019/4/11 13:25:54

China's top court announces reduced sentences in retrial of home appliance tycoon

China's Supreme People's Court (SPC) Wednesday announced the sentencing of Gu Chujun, founder and former chairman of Guangdong Kelon Electrical Holdings, to five years in prison for embezzlement. Gu had served the prison term.
Source: Global Times | 2019/4/10 20:53:40 denies reports of massive layoffs as online sector wanes

Chinese e-commerce giant doesn't plan layoffs of up to 12,000 people, the company has said in a statement to the Global Times.
Source: Global Times | 2019/4/10 20:53:40

Chinese automaker to deliver 600 buses to Saudi Arabia

A total of 600 Ankai-branded buses manufactured by Chinese bus maker Anhui Ankai Automobile departed Hefei, capital of east China's Anhui Province, on Wednesday to be delivered to Saudi Arabia.
Source: Xinhua | 2019/4/10 20:19:02

Chinese women enter property market

When Zhou Zhenzhen (pseudonym), a 20-something white-collar worker in Beijing, broke up with her ex-boyfriend two years ago, she bought an 87-square-meter apartment in Beijing's Chaoyang district for around 5 million yuan ($744,524).
Source: Global Times | 2019/4/10 17:44:37

Coffee startup Luckin expands to more Chinese cities

Chinese start-up Luckin Coffee said Wednesday that it had opened new stores in 14 more Chinese cities, as it sets to compete with coffee giant Starbucks in the Chinese market.
Source: Xinhua | 2019/4/10 17:24:12 denies allegations about massive layoffs

Chinese e-commerce company denied on Tuesday that the company was planning a substantial round of staff layoffs that could cut as many as 12,000 jobs.
Source: Global Times | 2019/4/10 15:36:37

China's small firms cautiously optimistic on 2019 outlook

China's small businesses are cautiously optimistic amid the anticipated global economic downtrend in 2019, China Daily reported Wednesday, citing an industry report.
Source: Xinhua | 2019/4/10 13:53:48