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China's LeEco to buy US TV maker Vizio for $2 billion

LeEco Holdings Ltd announced on Tuesday it has entered into a definitive agreement to buy Vizio Inc, a leading consumer electronics company in North America, for $2 billion.

Apple sales down, China's OPPO takes crown in market share

Apple Inc recorded decline in revenue in the three months that ended in June.

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    Opening-up the service sector key for reform

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    Market economy status not a bilateral negotiation

 
 

Economy

Rise of China boosts emerging economies' share of world's top earners

A new study of the world's top-earning 1 percent found that many more of them are from emerging economies than in previous decades, a trend largely driven by economic growth in China.

Companies

HNA secures 96% of Swiss Gategroup

HNA Group, China's fourth-biggest airline, announced on Wednesday it had secured acceptances for 96.1 percent of the shares in its bid for Gategroup Holding AG, the Switzerland-based in-flight catering provider.

Industries

Brewing a new tea culture

This summer, Chinese youngsters are rediscovering their culture's time-honored tradition of tea-drinking as a fashionable pastime, as a rising number of businesses modernize the way the beverage is consumed.

Motoring

High recalls no cause for alarm

Zhou Lei, an independent auto analyst in Beijing, said the rise in the number of cars recalled did not necessarily mean that more cars are shoddily made.

Technology

Xiaomi takes dip into PC market

Xiaomi Corp unveiled its first laptop on Wednesday, in an effort to test the waters in the personal computer business as the Chinese smartphone vendor struggles with declining handset sales.

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