BUSINESS >> Companies

Foreign carmakers eye China's NEV sector

More foreign carmakers are starting to show an appetite for China's growing new-energy vehicle (NEV) market, but experts warned that their expansion in this segment may face a bumpy road as the sector's growth is strongly influenced by government policies such as subsidies.
Source: Global Times | 2018/2/5 22:03:40

Jeep (Beijing) Outdoor Leisure Club kicks off social interest activity

The car rally opening ceremony of Jeep (Beijing) Outdoor Leisure Club, sponsored by Beijing Xianghe Travel Agency, took place at the China National Convention Center on January 26, drawing the participation of about 100 volunteers.
Source: Global Times | 2018/2/5 19:08:40

Foshan opened a new film center

The launching ceremony of the Southern Film and Television Center and the second-term project of Guo Yi Assets took place as scheduled in the second phase of the Xiqiao Mountain National Arts Studios on January 25.
Source: Global Times | 2018/2/5 19:08:39

Xinxing promotes Buddhism culture and tourism

The large-scale live-action performance themed “Chan Sect Sanctuary · The Sixth Patriarch Huineng”, presented with high-tech visual technology and digital music, took place in early February, marking the first large-scale live-action performance in Guangdong Province.
Source: Global Times | 2018/2/5 19:03:39

Chinese banks' wealth management business growth decelerates in 2017

Growth in the wealth management business at Chinese banks lost steam in 2017 amid tightened regulations to contain financial risks.
Source: Xinhua | 2018/2/5 18:00:59

China fines 19 banking institutions over loan fraud

China's banking regulators have imposed a fine of 52.5 million yuan (about 8.33 million US dollars) on 19 banking institutions over a pledge loan fraud case in the country's central Shaanxi and Henan provinces.
Source: Xinhua | 2018/2/5 1:41:52

AT&T merger judge says 'no big issues' in trial for preparations

The US judge who will decide if wireless and pay TV provider AT&T Inc may acquire Time Warner Inc said on Friday that he saw “no big issues” in pre-trial preparations.
Source: Reuters-Global Times | 2018/2/4 20:18:39

Toyota to recall 4 models of vehicles in China

Toyota will recall 181,797 vehicles over an air bag defect in China.
Source: Xinhua | 2018/2/4 14:01:41

Tesla to build world's largest virtual power plant in South Australia

Entrepreneur Elon Musk and the South Australian government have revealed a plan to build the world's largest virtual power plant.
Source: Xinhua | 2018/2/4 13:58:12

YouTube apologises for Polish PM translation error

Online video sharing service YouTube has apologised for a translation error that misrepresented Polish Prime Minister Mateusz Morawiecki by suggesting that Nazi German death camps "were Polish", Polish Press Agency reported Saturday.
Source: Xinhua | 2018/2/4 7:41:52

Volkswagen faces inquiry over tests on monkeys

Volkswagen's supervisory board called for an immediate inquiry into who commissioned tests in which monkeys were exposed to toxic diesel fumes, while the German government said such studies were unjustifiable.
Source: Reuters-Global Times | 2018/1/31 20:03:39

Nokia tops quarterly expectations

Nokia reported better-than-expected fourth-quarter profits on Thursday, boosted by a one-off patent payment from China's Huawei, but said its network business was set for another year of decline, despite promising North American sales.
Source: Reuters-Global Times | 2018/2/1 21:58:40

StanChart signs Belt and Road deal

State-owned China Development Bank will make available up to 10 billion yuan ($1.59 billion) to Standard Chartered to fund projects in countries and regions along China's Belt and Road (B&R) initiative infrastructure routes, StanChart said on Thursday.
Source: Reuters-Global Times | 2018/2/1 21:58:39

Tencent, Sony to form music label

Tencent Music Entertainment Group, the music arm of Tencent Holdings, on Wednesday announced jointly with Sony Music Entertainment plans to set up a new music label, a first for Tencent.
Source: Global Times - Reuters | 2018/2/1 21:53:41

Life-Space acquired for $862m

China-based dietary supplements company BY-Health announced on Wednesday it agreed to take over Australian probiotics maker Life-Space Group for A$690 million ($861.88 million).
Source: Global Times - Reuters | 2018/2/1 21:53:41

Creat takeover of Biotest closes

German plasma proteins and biological drugs provider Biotest AG announced on Wednesday the takeover offer by Tiancheng (Germany) Pharmaceutical Holdings AG, a subsidiary of Chinese company Creat Group Corp, became effective and could be settled.
Source: Global Times - Reuters | 2018/2/1 21:53:41

JD looks to AI to improve logistics, inventories

Domestic e-commerce company JD.com Inc (JD) aims to embed artificial intelligence (AI) in its logistics and supply chain so vendors can use its big data to make better decisions, a company executive said on Thursday.
Source: Global Times | 2018/2/1 21:53:41

Zhangzidao 'will strengthen analysis, disclosures'

Shenzhen-listed Zhangzidao Group Co, an aquatic products company, said Thursday that it will improve analysis of its inventories and improve its information disclosures.
Source: Global Times | 2018/2/1 21:53:40