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.


Chinese firms pull out of Venezuela

Chinese trading companies are staying away from Venezuela as the crisis in the country deepens, a businessman who declined to be named told the Global Times Tuesday.
Source: Global Times | 2017/4/25 23:13:40

Top court releases intellectual property protection outline

China's top court has released an outline on the judicial protection of intellectual property rights (IPR) between 2016 and 2020, ahead of the World Intellectual Property Day, which falls on Wednesday.
Source: Global Times | 2017/4/25 23:03:41

Strong Q1 growth for Moutai

China’s top alcohol brand Kweichow Moutai said that its net profit for first quarter rose 25.2 percent year-on-year to 6.1 billion yuan ($886 million), the Xinhua News Agency reported on Tuesday. Revenue was 13.3 billion yuan, up 33.3 percent.
Source: Xinhua | 2017/4/25 23:03:40

Netflix to debut in China

Global streaming giant Netflix has reached its first content licensing deal with China’s online streaming provider iQIYI, entertainment industry publication Variety reported on Tuesday.
Source: Global Times | 2017/4/25 23:03:40

Doublestar to acquire Kumho tire: report

South Korea’s second-largest tire company Kumho Tire Co is likely to be bought by China’s Doublestar Co, South Korea’s Yonhap News Agency reported on Monday.
Source: Global Times | 2017/4/25 22:58:41

JD establishes ‘smart supply chain’ group

Major domestic e-commerce company JD.com said on Tuesday that it will establish a new logistics group focusing on smart supply chains across a wide range of industries.
Source: Global Times | 2017/4/25 22:58:40

South Korea tourism hit hard by THAAD-related boycott

South Korea’s tourist industry has been hammered by China’s boycott over the deployment of the US Terminal High Altitude Area Defense (THAAD) system, with visitor numbers from China down 40 percent year-on-year in March, statistics showed on Tuesday.
Source: AFP | 2017/4/25 22:53:41

Companies seek cover as political risks increase

Rocked by a shakeup in the Western political order, companies are buying more insurance against the threat of rising protectionism and upheaval to their operations in emerging markets, the Reuters reported on Tuesday.
Source: Reuters | 2017/4/25 22:53:40

Brazil rolls out welcome mat

Chinese companies are beefing up efforts to invest in Brazil, as the country adopts a more welcoming attitude toward overseas capital amid a domestic economic recession while China seeks cooperation in international production capacity, experts told the Global Times on Tuesday.
Source: Global Times | 2017/4/25 22:53:40

More jobs created during Q1

Employers in China created 3.34 million jobs in the first quarter and the unemployment rate fell to 3.97 percent, the government said on Tuesday.
Source: Agencies | 2017/4/25 22:33:41

Prudent monetary policy continues

China's politburo, a top decision-making body of the ruling Communist Party, said on Tuesday that China will maintain proactive fiscal policy and prudent monetary policy, the Xinhua News Agency said.
Source: Agencies | 2017/4/25 22:33:40

Bad loans stabilize, capital flight eases: PBC official

Nonperforming loans (NPL) in China have stabilized and pressure from capital flight has eased, Yi Gang, deputy governor of the People's Bank of China (PBC), said in New York on Monday (US time), the Xinhua News Agency reported.
Source: Xinhua-Global Times | 2017/4/25 22:28:40

IPR infringements rise against Chinese firms

Chinese firms have been facing an increasing number of intellectual property rights (IPR) infringement cases, a customs official said Tuesday.
Source: Xinhua | 2017/4/25 22:28:40