BUSINESS >> Companies

Regulators to press Uber after it admits to covering up data breach

Struggling ride-hailing firm Uber faces a fresh regulatory crackdown after disclosing it paid hackers $100,000 to keep secret a massive breach last year that exposed personal data from around 57 million accounts.
Source: Reuters | 2017/11/24 5:03:39

Automakers cater to changing tastes among Chinese consumers

Chinese motorists' preference for new-energy vehicles and sport utility vehicles is well-known, and it has driven solid growth momentum in those segments in recent years, but a new trend seems to be gaining traction.
Source: Global Times | 2017/11/24 0:10:41

Qudian probed by police: media report

Chinese authorities are allegedly investigating leaks of information at Chinese microlender Qudian Inc, Bloomberg reported on Thursday.
Source: Global Times | 2017/11/23 22:08:40

Zhongtian eyes major equity deal

Real estate developer Zhongtian Financial has unveiled a plan to acquire a stake in a local life insurance company for as much as $4.7 billion, in what could be China's second-biggest domestic equity investment this year.
Source: Reuters | 2017/11/23 22:08:39

HNA buys Australian logistics unit

Automotive Holdings Group said on Thursday it will sell its refrigerated logistics business to a unit of HNA Group (International) Co, the Chinese aviation-to-financial services conglomerate, for A$280 million ($213.28 million) in cash, Reuters reported on Thursday.
Source: Reuters | 2017/11/23 22:03:40

Consortium to build Kiev metro line

Two Chinese companies on Wednesday signed a cooperation agreement with the city of Kiev to build a fourth metro line in the Ukrainian capital.
Source: Xinhua | 2017/11/23 22:03:40

Foxconn admits it violated labor rules with interns

Foxconn confirmed on Thursday that some interns have worked overtime, adding that action had been taken to correct the situation, the company said in a note sent to the Global Times.
Source: Global Times | 2017/11/23 22:03:39

China's SenseTime plans IPO, center for research in US as early as 2018

Chinese artificial intelligence (AI) start-up SenseTime Group, valued at more than $2 billion, is planning an IPO and aims to open a US research and development center as early as next year, its founder told Reuters.
Source: Reuters | 2017/11/23 21:58:40

GE to shed 148 jobs from west California digital division

US industrial giant General Electric (GE) will cut 148 jobs from its digital division headquartered in San Ramon, about 55 km east of San Francisco on the western coast, media reports said Wednesday.
Source: Xinhua | 2017/11/23 16:53:42

Foxconn admits it has violated labor regulations

Foxconn confirmed on Thursday that some interns have worked overtime and the company has taken action to correct the situation, the company said in a note sent to the Global Times.
Source: Global Times | 2017/11/23 16:13:39

Chinese companies abroad hire more local employees

Chinese companies abroad hired 118,000 more local employees in 2016 than in 2015, according to the country's top economic planner.
Source: Xinhua | 2017/11/23 14:24:35

Mobile payment users exceed 520 million in China: Ant Financial

The number of China's mobile payment users has exceeded 520 million, according to Ant Financial, Alibaba's financial affiliate.
Source: Xinhua | 2017/11/23 8:15:38

Uber data breach affects 57 mln users

Data from 57 million users and drivers were compromised in a data breach incident Uber concealed for more than a year.
Source: Xinhua | 2017/11/23 8:13:06

Chinese consortium to build metro line in Kiev

A consortium of two Chinese companies on Wednesday signed a cooperation agreement with the city of Kiev on building a fourth metro line in the Ukrainian capital.
Source: Xinhua | 2017/11/23 8:05:35

World's big energy companies pledge to reduce methane emissions: media

Several world's largest energy companies are pledging to reduce their methane emissions, acknowledging publicly that global warming is a major problem worldwide, a local newspaper reported Wednesday.
Source: Xinhua | 2017/11/23 8:05:17

FAW recalls cars

FAW Car Co started recalling 206,570 vehicles in China due to problems with the braking system on Tuesday.
Source: Xinhua | 2017/11/22 22:38:40

CEFC, Penta team up for Time unit

Chinese energy and investment group CEFC has teamed up with Czech-Slovak financial group Penta Investments to buy Time Warner's Central European Media Enterprises, three sources familiar with the matter said.
Source: Reuters | 2017/11/22 22:33:40

BYD electric buses come to Chile

The first batch of BYD pure electric buses have started service in Santiago, capital of Chile, the company said in a statement sent to the Global Times on Wednesday.
Source: Global Times | 2017/11/22 22:33:40