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Business / Industries

Kobe Bryant starts $100m fund

[2016-08-24 07:55]

Retired NBA star Kobe Bryant is moving to Wall Street, announcing the formation of a $100 million venture capital fund to invest in media, technology and data companies.

Housing inventories in major Chinese cities continue to decline in July

[2016-08-23 17:33]

Housing inventories in China's major cities fell for a third-consecutive month as destocking measures kicked in, making further increases in home prices likely, latest industry data showed.

Animation copyright fair in Guangdong seals deals worth $520m

[2016-08-23 10:35]

Transactions during a five-day animation copyright fair in Dongguan, Guangdong province, reached 3.46 billion yuan ($520 million), according to the organizers.

China to more than triple geothermal power consumption by 2020

[2016-08-23 10:08]

China is expected to more than triple geothermal power consumption by 2020 to 72.1 million tonnes of coal equivalent from the current level, an expert said Monday

China ceases anti-dumping duties on Japan, EU steel exports

[2016-08-23 10:15]

The Ministry of Commerce said Monday that it would scrap anti-dumping duties on high-performance stainless steel seamless tubes imported from Japan and the European Union, effective on Monday.

NBC's $12 billion Olympic Games bet stumbles

[2016-08-23 07:33]

Back in June, Steve Burke described what he called his Olympics "nightmare".

Chinese tourist numbers rise despite slowing economy

[2016-08-23 09:23]

Despite a slowing economy, more Chinese tourists traveled last year, according to a report released by the China Tourism Academy on Monday . Urban residents made 2.48 billion trips in the country in 2015, while those living in rural areas made 1.13 billion trips.

China continues anti-subsidy duties on US chicken

[2016-08-22 17:06]

China's Ministry of Commerce (MOC)announced on Monday it will maintain anti-subsidy duties on imports of US broiler chicken products for another five years starting August 30.

Net cafe's new avatar is video game destination

[2016-08-22 07:43]

China's internet cafes in the 1990s were where socially awkward young men would shut themselves off the real world and get immersed for long hours on end in video games.

China's natural gas transmission tariffs proposals positive for industry

[2016-08-22 11:20]

China's proposals on regulated transmission tariffs for inter-provincial natural gas pipelines will be credit positive for the natural gas transmission industry in the long run, according to a Moody's report.

Edible oil imports set for rebound

[2016-08-22 09:10]

China's appetite for palm oil imports is set to recover from a 25 percent slump in the first half as cheaper supplies and a major autumn festival boost edible oil demand.

O2O service links millions to family doctors

[2016-08-22 07:55]

It used to be a big headache for Xu Li when her children got sick. She would search the internet for solutions and call friends for suggestions, but usually ended up rushing to a hospital where she sometimes had to queue for hours before seeing a doctor.

Beyond big prizes, the harsh reality

[2016-08-22 07:28]

'Nascent' e-sports are already a rage as contests produce millionaire world champs, but experts strike a note of caution.

Suitors vie for $1.5 billion Pakistani K-Electric stake

[2016-08-20 09:58]

Chinese clean-energy group Golden Concord Holdings Ltd is competing with Shanghai Electric Power Co for control of K-Electric Ltd, the $2.3 billion Pakistani utility, people with knowledge of the matter said.

CIC leads Vale talks to secure iron ore supplies

[2016-08-20 09:57]

China Investment Corp, the $814 billion sovereign fund, is leading an investor group in talks for a multibillion-dollar iron ore supply deal with indebted Brazilian miner Vale SA, people familiar with the matter said.

Chinese drive biggest rise in visitors to New Zealand

[2016-08-19 13:39]

Chinese visitors led the growth in visitors to New Zealand in the year to the end of July, the government statistics agency said Friday.

Chinese products shining bright at Rio Olympic Games

[2016-08-19 13:32]

The Rio 2016 Olympic Games might be geographically distant from China, but its mark can be felt through the numerous "Made in China" mascots, uniforms, security apparatus, and telecommunications equipment.

China's mobile network speed surpasses US

[2016-08-19 11:20]

With the deployment of 4G network, China's mobile network speed achieved around 18Mbps on average in August this year, outpacing countries like the United States and the United Kingdom in the same period. That's according to a report by OpenSignal, a mobile network evaluating APP.

Box office dip overshadows China film market

[2016-08-19 10:22]

China's box office revenue stood at 4.5 billion yuan (around $680 million) in July, down 18 percent year on year, the first decrease in five years. Why is it that this summer holiday, traditionally the high season for cinemas, has seen poor box office takings?

China-Russia oil pipeline fuels trade

[2016-08-19 08:57]

A new China-Russia oil pipeline will help guarantee China's oil consumption and, cut its transportation costs, said Gao Jian, an oil analyst at commodities consultancy Sublime China Information Co Ltd.

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