BUSINESS >> Companies

CATL invests in Byton

China's dominant battery producer Contemporary Amperex Technology Co Ltd (CATL) has agreed to invest in Chinese-funded electric-vehicle start-up Byton, the latter said in a statement on Monday.
Source: Agencies | 2018/6/11 22:08:40

Chinese refrigerator maker Frestech sells equities via online auction in liquidation process

Chinese refrigerator maker Frestech Co (Xinfei) is selling its equities via an online auction as part of a liquidation process after an April pull out by its Singaporean investor, domestic news site huanqiu.com reported on Sunday.
Source: Global Times | 2018/6/11 22:03:40

US approves Oceanwide's purchase of Genworth

A US panel that reviews foreign investments for potential national security threats has approved China Oceanwide Holdings Group's purchase of insurer Genworth Financial, Reuters reported Monday.
Source: Reuters-Global Times | 2018/6/11 21:58:42

HSBC to invest $15-17b by 2020 in strategic pivot

HSBC will invest $15 billion to $17 billion in the next three years in areas including technology and its core Asian markets of the Chinese mainland and Hong Kong as it swings from a strategy of cost-cutting to growth, new Chief Executive John Flint said on Monday.
Source: Reuters-Global Times | 2018/6/11 21:58:41

Xiaomi files to issue CDRs, more unicorns to follow

Domestic smartphone maker Xiaomi Inc filed an application to issue Chinese Depository Receipts (CDRs), according to a Monday morning announcement posted on the official website of the China Securities Regulatory Commission (CSRC).
Source: Global Times | 2018/6/11 21:18:39

China lithium battery maker soars in stock debut

Chinese lithium battery maker Contemporary Amperex Technology Co (CATL) saw its share price surge by 44 percent on Monday, the day it got listed on Shenzhen's NASDAQ-style ChiNext board.
Source: Global Times | 2018/6/11 17:18:39

Truck app threatens to sue over online video clips

Nanjing-based ymm56.com, a Didi Chuxing-like app in the world of truck transportation in China, said it is closely monitoring social media platforms for content claiming that some truck drivers were beaten at its headquarters, the company said in a statement sent to the Global Times on Sunday.
Source: Global Times | 2018/6/10 23:08:39

Truck app threatens to sue over online video clips

Nanjing-based ymm56.com, a Didi Chuxing-like app in the world of truck transportation in China, said it is closely monitoring social media platforms for content claiming that some truck drivers were beaten at its headquarters, the company said in a statement sent to the Global Times on Sunday.
Source: Global Times | 2018/6/10 23:03:39

Chinese firms see global glory in World Cup

Chinese companies have secured a dominant presence in the 2018 World Cup that opens in Russia on Thursday, which experts said represents a bid to increase their international brand awareness and optimize their “going out” strategies.
Source: Global Times | 2018/6/10 22:58:40

Foxconn denies labor dangerous practices, will rectify if uncovered during audits

Taiwan-based Foxconn Technology Group said Sunday that it takes its responsibilities as a leading consumer electronics manufacturer very seriously and puts a priority on providing a positive working environment for its more than 1 million employees and ensuring their welfare.
Source: Global Times | 2018/6/10 22:58:39

EDP sees merits in Chinese offer, but says proposed bid too low

EDP-Energias de Portugal sees merits in the plans of suitor China Three Gorges (CTG), it said on Saturday, signaling it may be open to an improved offer after rejecting a 9 billion euro ($10.6 billion) takeover proposal as too low, Reuters reported over the weekend.
Source: Reuters-Global Times | 2018/6/10 22:33:40

Singapore company to draw up plan for Chinese zone near Sri Lanka port

Sri Lanka's cabinet has approved a proposal for Singapore-based urban planning consultancy Surbana Jurong Pvt, owned by state investor Temasek Holdings, to draw up a plan for a Chinese investment zone in the country's southern port city of Hambantota, a government spokesperson said on Wednesday.
Source: Reuters-Global Times | 2018/6/10 22:33:39

Peak Sport holds 6K team race in Chengdu

On June 2, the PEAK+U 6-kilometer Team Race kicked off at Xinhua Park in Chengdu, Sichuan Province.
Source: Global Times | 2018/6/10 0:03:40

Suzhou W Hotel premieres “Twinkling Suzhou”

W Hotels, the luxurious brand subordinate to Marriott International Group, recently held the grand premiere of the Suzhou W Hotel, which integrates the passionate elements of the brand such as design, fashion, music and vigor into the historical and cultural city of Suzhou.
Source: Global Times | 2018/6/10 0:03:40

Gismo China

Taipei-headquartered Asustek Computer Inc, also known as Asus, on Tuesday rolled out its latest premium notebook ZenBook Pro, featuring an eye-catching touchscreen where the touchpad would usually be.
Source: Global Times | 2018/6/8 0:03:42

Asian EV battery makers may overpower Europe

Chinese electric vehicle giant BYD is looking at launching battery production in Europe, joining Asian rivals aiming to cash in on a green car revolution and threatening attempts by Brussels to nurture a home-grown industry.
Source: Reuters-Global Times | 2018/6/8 0:03:41

SAP shifts focus to CRM

Germany-based multinational SAP is unveiling its biggest product makeover in years, rolling up its sales, marketing and customer service software into a single suite of tools that it says will offer greater privacy safeguards, taking aim at faster-growing rivals like Salesforce.
Source: Reuters-Global Times | 2018/6/8 0:03:41

 Australia has to take measures to win back China's trust: analysts

The upcoming meeting of leaders from members of the Shanghai Cooperation Organization (SCO) might start a new phase marked by strengthened economic and trade ties for the multilateral body, which so far has been focused mainly on cooperation in securities, according to a report.
Source: Global Times | 2018/6/7 22:48:40