BUSINESS >> Companies

Audi to invest $15b in electric cars

Audi plans to invest 14 billion euros ($15.9 billion) in electric mobility, digitization and autonomous driving from 2019 until the end of 2023, the German car manufacturer announced on Tuesday.
Source: Xinhua | 2018/12/5 19:13:42

PBC skips open market operations

The People's Bank of China (PBC), the central bank, on Wednesday skipped open market operations for the 29th trading day, the longest stretch since early 2016, citing sufficient liquidity in the banking system.
Source: Xinhua | 2018/12/5 19:13:41

China launches strong financial support for firms to keep stable employment

The State Council, China's cabinet, said on Wednesday that the government is to prioritize steady employment and will offer more financial support to businesses and intensive training courses for workers amid increasing downward pressure on the economy.
Source: Global Times | 2018/12/5 19:13:40

Courtyard Shenzhen Bay holds opening ceremony

Marriott International Group announced that Courtyard Shenzhen Bay opened on November 29. It owns 238 guest rooms and is invested in and built by Shenzhen Investment Holdings Co., Ltd. Aiming at providing unique travel experiences for entrepreneurs and travelers, it provides another important aspect of the Courtyard by Marriott in Shenzhen.
Source: Global Times | 2018/12/5 19:08:41

Uptick in orders sees services sector expand

China's services sector grew at its quickest pace in five months in November thanks to an uptick in new orders, a private survey released on Wednesday showed.
Source: Reuters-Global Times | 2018/12/5 19:08:40

Google CEO to testify before House committee over transparency, privacy protection

Google CEO Sundar Pichai will testify before US House of Representatives Judiciary Committee next Tuesday over the company's transparency and privacy policy, as well as data collection and use.
Source: Xinhua | 2018/12/5 8:19:30

Chinese traders to find balancing point in soybean imports amid trade ceasefire with US: analysts

The trade in soybeans between China and the US might return to normal if the trade talks between the two countries go well, experts said on Tuesday.
Source: Global Times | 2018/12/4 22:53:40

Sharp's production shift proves China's mature supply chain: analysts

Sharp's production shift to China shows that the country has an irreplaceable position in terms of cost and efficiency in the electronics supply chain, despite the unstable outlook for China-US trade relations, experts said on Tuesday.
Source: Global Times | 2018/12/4 22:34:57

China's Zhejiang Province to include private entrepreneurs in key Party, govt meetings

Authorities in East China's Zhejiang Province unveiled a list of 31 measures in support of private enterprises, including involving private entrepreneurs participating in the important meetings of Party committees and governments at different levels, domestic news site thepaper.com reported on Monday.
Source: Global Times | 2018/12/4 22:23:40

Tencent Music's US listing

Tencent Music Entertainment, a leading online music platform in China, filed for an IPO of up to $1.23 billion with the US Securities and Exchange Commission on Monday.
Source: Xinhua-Global Times | 2018/12/4 22:13:42

Film revenue up 10.9%

China's box office revenue exceeded 56.3 billion yuan ($8.2 billion) during the first 11 months of 2018, up 10.87 percent year-on-year, the State Film Administration said.
Source: Xinhua-Global Times | 2018/12/4 22:13:42

Jail terms for telecom fraud

Courts in northeast China have jailed 282 members of a massive telecom fraud network that swindled 153 million yuan ($22million) out of its victims.
Source: Xinhua-Global Times | 2018/12/4 22:13:41

Cruise firm expands operations

Hong Kong-based Genting Cruise Lines said on Tuesday that its Dream Cruises brand is expected to welcome a third member after two years of operation, and it will have a maiden ship in Shanghai in April.
Source: Xinhua-Global Times | 2018/12/4 22:13:40

CDB to finance HNA's Airbus purchases

The aviation leasing arm of China Development Bank said it will finance the purchase of eight Airbus A330-300 aircraft for airlines affiliated with debt-laden HNA Group. The jets are due for delivery by the end of 2018.
Source: Reuters | 2018/12/4 22:13:40

First Ritz-Carlton 'Stellar Dining Series' comes to an end in Beijing

The first Ritz-Carlton "Stellar Dining Series" has been held in cities in the Asia-Pacific region from November 1 to December 1, 2018. Beginning at the Ritz-Carlton, Millenia in Singapore, then moving to the Ritz-Carlton, Osaka and the Ritz-Carlton, Hong Kong, the event landed at the Ritz-Carlton, Beijing as the series' final stop on Thursday to Saturday.
Source: Global Times | 2018/12/4 19:02:03

Fueling duty cut

Workers refuel an aircraft at an airport in Nantong, East China's Jiangsu Province on Tuesday. Effective from Wednesday, a number of domestic air carriers, including Hainan Airlines and Capital Airlines, will reduce the passenger fuel surcharge for flights less than 800 kilometers from 50 yuan ($7.31) to 30 yuan. The reduction, coming after a decline in global oil prices, is the first since June. Photo: VCG
Source: VCG | 2018/12/4 19:02:02

Hainan to woo Russian tourists

The visa-free regime for trips to South China's Hainan Province may boost the number of Russian tourists by up to one-third this year, a Russian official said on Monday.
Source: Xinhua | 2018/12/4 19:02:02

Beijing builds self-driving car base

Beijing is expanding its lead in the development of China's self-driving technology with a plan to build a 200,000-square-meter testing ground for self-driving vehicles in its suburbs, the Beijing Daily reported.
Source: Xinhua | 2018/12/4 19:02:01