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China / Business

IN BRIEF

[2017-05-04 06:52]

Belt & Road boosts e-commerce

[2017-05-04 06:51]

E-commerce powerhouses in China are extremely bullish about strengthening trade ties and invigorating economic activities in economies along the Belt and Road Initiative, industry observers said.

Competition takes a bite out of Apple's second-quarter revenue

[2017-05-04 06:51]

Apple Inc reported a drop in revenue in China for its fiscal second quarter ended April 1, the fifth consecutive quarter of decline in the region, caused by ever-growing competition from local rivals.

Oil flows through Myanmar pipeline

[2017-05-04 06:51]

China National Petroleum Corp, the country's largest oil and gas producer, has pumped the first crude oil through the China-Myanmar oil pipeline and the oil is expected to arrive in China within three weeks, the energy giant said on Wednesday.

Local media groups chase ad revenue

[2017-05-04 06:51]

Chinese media owners, especially the internet ones, are quickly catching up with their international counterparts in terms of advertising income.

HNA holds biggest stake in German bank

[2017-05-04 06:51]

FRANKFURT/BEIJING - HNA Group Co, the Chinese aviation-to-hotels conglomerate, increased its stake in Deutsche Bank AG to almost 10 percent, overtaking Blackrock Inc as the top shareholder in Europe's biggest investment bank.

Mini nuclear reactor now ready to be built

[2017-05-03 07:01]

The first pilot project to use China National Nuclear Corporation's cutting-edge third-generation ACP100 nuclear reactor has completed its preliminary design stage and is qualified for construction in Hainan province.

Toys "R" Us to open up to 40 stores

[2017-05-03 07:01]

International toy retailer Toys "R" Us Inc is expected to open at least 30 to 40 stores annually in China, mostly in major cities while reaching more customers with its online stores.

CC Land buys London's tallest skyscraper for $1.46b

[2017-05-03 07:01]

A Chinese realty firm said it has paid 1.135 billion pounds ($1.462 billion) to buy the tallest skyscraper in City of London - the biggest Chinese investment in the United Kingdom's real estate market.

Truck Alliance raises $156m

[2017-05-03 07:01]

China's Uber-type service for trucks Guiyang Huochebang Technology Co Ltd, also known as the Truck Alliance, said on Tuesday that it had raised $156 million in series B-2 funding, led by Baidu Capital, the investment arm of Baidu Inc, the country's largest search engine.

Genomics group gets $75m capital injection

[2017-05-03 07:01]

WuXi NextCODE, a contract genomics company headquartered in Shanghai, announced on Tuesday that it received a $75 million capital injection, as China targets precision medicine using gene sequencing as a new focus for improving health and medical standards.

What's news

[2017-05-03 07:01]

PBOC suspends reverse repos

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