BIZ

Alibaba's Yu'e Bao becomes largest money market fund globally


Alibaba's four-year-old Yu'e Bao surpassed JPMorgan's US government money market fund to become the world's largest, according to the Financial Times.


Report urges Australian gov't to turn to China, India for trade

Australia needs to shift its trade focus from traditional partners such as the United States and Britain in favor of emerging economies such as China and India, according to an economic report released on Thursday.
Source: Xinhua | 2017/4/27 14:51:08

LinkedIn China users top 32 mln

The number of LinkedIn users in China has topped 32 million, more than three years after the world's largest professional network launched a Chinese version.
Source: Xinhua | 2017/4/27 13:27:33

China industrial profits maintain double-digit growth in March

China's major industrial firms continued to post double-digit growth in March, adding to signs of a stabilizing Chinese economy, official data showed Thursday.
Source: Xinhua | 2017/4/27 10:29:41

World Bank maintains this year's oil price forecast unchanged

World Bank on Wednesday maintained its forecast for this year's oil price unchanged at 55 US dollars per barrel, saying that prices of industrial commodities are expected to rise in the coming two years.
Source: Xinhua | 2017/4/27 7:42:55

China to spur market vitality via integration of certificates

China will keep integrating business certifications and licenses into one consolidated business license, which is to further reduce institutional costs for market entities and stimulate market vitality as part of the country's business registration reform.
Source: Xinhua | 2017/4/26 23:30:49

Chinese firms easing Sino-US relations

Chinese companies' active investment in the US is acting as a lubricant for Sino-US relations, experts told the Global Times on Wednesday. They also noted that China and the US will be able to find a balance in the Sino-US trade status, which is a thorn in the side of the Trump administration.
Source: Global Times | 2017/4/26 23:08:41

Industry improves in Q1

The industrial sector, which accounts for more than one-third of China's GDP, picked up steam in the first quarter of 2017, a senior official said Wednesday.
Source: Global Times - Xinhua | 2017/4/26 22:28:40

US staff train in China

As an example of interaction between China and the US in the field of train technology, 33 foreign employees from the Springfield, Massachusetts base of State-owned trainmaker China Railway Rolling Stock Corp (CRRC) Massachusetts have come to China for a three-month training program, domestic news portal people.cn reported on Wednesday.
Source: Global Times - Xinhua | 2017/4/26 22:23:41

Wanda signs marathon deal

Wanda Group said on Wednesday that it signed a strategic cooperation agreement with Abbott World Marathon Majors (WMM) in Beijing.
Source: Global Times | 2017/4/26 22:23:40

Tencent Cloud overseas centers

Tencent Cloud, a cloud service provider under Tencent, plans to open five data centers overseas this year to meet the demand of its expanding client base, domestic news portal sina.com reported on Wednesday.
Source: Global Times | 2017/4/26 22:18:41

Xiaomi makes official debut in Russia with 3 new models as part of global expansion

Xiaomi Inc made its official entry into Russia on Wednesday, expanding its presence outside of China where sales have been declining.
Source: Global Times | 2017/4/26 22:18:40

Camera producer Canon raises profit outlook as diversification pays off

Japan’s Canon Inc on Wednesday lifted its full-year operating profit forecast after reporting strong first-quarter results.
Source: Reuters | 2017/4/26 22:18:40

Hyundai reports 21% decline in Q1 net profit

South Korea’s Hyundai Motor said first-quarter net profit fell 21 percent to 1.33 trillion won ($1.18 billion), dragged down by a US recall and sales declines in China stemming from political tensions, Reuters reported on Wednesday.
Source: Reuters | 2017/4/26 22:13:41