BIZ

HK youth looking to mainland


More and more young entrepreneurs from Hong Kong are coming to the Chinese mainland to start businesses, taking advantage of vigorous support from the central government and improving conditions for businesses.

Cruise golden age

As Chinese cruise tourist numbers get set to reach 2.6 million this year, market analysts share their perspectives on the growing domestic cruise tourism market ...

Thriving border city

Heihe, a border city in Northeast China’s Heilongjiang Province, is considered the ‘‘twin city’’ of Russia’s Far East Blagoveshchensk. The distance between the two cities ...



Alipay, CCPay tie up to promote cashless payment service in Singapore

Alipay, China's leading cashless payment platform and a subsidiary of Alibaba's related company, Ant Financial, on Tuesday signed a partnership agreement with a Singapore-based digital payment provider CCPay to offer cashless payment services to retailers in Singapore.
Source: Xinhua | 2017/8/22 16:57:34

Shangri-La Hotel, Colombo to open in Sri Lanka

Shangri-La Hotels and Resorts announced on August 14 that Shangri-La Hotel, Colombo is set to open on November 16. The hotel will begin taking bookings from September 1 for stays starting on December 1.
Source: Global Times | 2017/8/22 16:18:39

S.Korea, US launch 1st special session of KORUS FTA

South Korea and the United States on Tuesday launched the first special session of the Joint Committee under the South Korea-US Free Trade Agreement (KORUS).
Source: Xinhua | 2017/8/22 14:20:53

"Made in China" embraces new brand image

The "Made in China" label has long stood for cheap, inferior and low-end products. But today, such a perception no longer holds water.
Source: Xinhua | 2017/8/22 13:31:39

US companies may lose 700 million USD as workers watch solar eclipse

As workers put aside work and went out to watch a once-in-a-century solar eclipse on Monday, the lost productivity may cost US companies at least 694 million US dollars.
Source: Xinhua | 2017/8/22 10:47:07

Russia's top oil producer buys stake in Indian oil giant

Russia's top oil producer Rosneft, commodities trader Trafigura and United Capital Partners (UCP) investment firm have closed a deal to buy India's second-largest private refiner Essar Oil Limited (EOL), Rosneft and EOL said Monday.
Source: Xinhua | 2017/8/22 7:39:34

McDonald's terminates franchise agreement for 169 outlets in India

McDonald's, the US fast food chain, terminated its franchise agreement on Monday for 169 outlets in India.
Source: Xinhua | 2017/8/22 7:35:42

‘Restricted’ list narrows investment scope

Corporate overseas investment in real estate, hotels and other related sectors is facing a new roadblock after the Chinese government put those sectors on a “restricted” list released recently.
Source: Global Times | 2017/8/21 22:03:39

Figuratively Speaking

9.9% Year-on-year growth of electricity use in China in July, the National Energy Administration said on Monday. Tertiary industry’s electricity consumption rose 13.1 percent.
Source: Global Times | 2017/8/21 21:58:39

Microsoft achieves accuracy milestone

Microsoft announced on Monday (US time) that it had slashed its speech recognition error rate by 0.8 percentage point to 5.1 percent, which is a record low.
Source: Global Times | 2017/8/21 21:58:39

Great Wall Motor buys Jeep brand

Carmaker Great Wall Motor Co announced on Monday it would halt trading on the Shanghai Stock Exchange from Tuesday after it reportedly expressed interest in buying Jeep brand from Fiat Chrysler Automobiles NV (FCA).
Source: Reuters - Global Times | 2017/8/21 21:53:40

Chinese shipyards nail record $1.4b French order

French liner company CMA CGM has signed a letter of intent with two Chinese shipyards for the world’s largest containership order, industry news outlet Trade Winds reported on Sunday.
Source: Global Times | 2017/8/21 21:53:39

Ele.me buys Baidu-backed food delivery platform for reduced value of $500m

Shanghai-based food-ordering platform ele.me’s takeover of domestic food delivery company waimai.baidu in a transaction valued at about $500 million has been confirmed, the 21st Century Business Herald reported Monday, citing people close to the matter.
Source: Global Times | 2017/8/21 21:53:39