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Alipay, China's leading third-party online payment platform and a subsidiary of the Alibaba Group, has spinned off its reward points service as a wholly-owned subsidiary to tap the country's booming e-commerce market.
The value of China's logistics industry rose 12.5 percent year-on-year to 146.3 trillion yuan ($23.04 trillion) in the first 11 months, said the China Federation of Logistics and Purchasing (CFLP) Tuesday.
Shares of CNOOC, the country's largest offshore oil producer, slipped 0.74 percent during the morning sessions in Hong Kong Tuesday in the wake of a gas leak report in the South China Sea.
The Ministry of Commerce said Tuesday that the country's farm produce prices continued to rise last week while producer goods prices fell for a fourth consecutive week.
As the world's advanced economies continue to show signs of contraction, China Shipping (Group) Co (CSG), a State-owned shipping conglomerate, has decided to navigate into the emerging markets to offset thinning orders and seek even larger earnings.
ConocoPhillips China said on Monday that its research and analysis so far show the oil spills in Bohai Bay have caused "minimal lasting impact to the environment".
Taobao.com, China's largest online trade platform, has accused those protesting the platform of being illegal merchandisers that had been punished by the platform, a spokesman for the platform said at a press conference on Monday afternoon in east China's Zhejiang province.
Investment banks, economists and analysts have pessimistic forecasts for the Chinese economy in 2012.
The combined profits of China's SOEs and state-holdings companies rose 13.7 percent year-on-year to 2t yuan in the first 11 months of the year.
When adjusted for inflation, investment yields of the funds China uses to provide various social benefits to the population have probably gone negative, according to a report.
China experienced capital outflows for a second consecutive month in November, which could prompt policymakers to further loosen monetary policy and perhaps even return the yuan to being pegged against the US dollar, as it had been in 2008.
Shaanxi Haisheng Fresh Fruit Co Ltd, the largest producer of apple-juice concentrate in the world, is planning to buy fruit orchards in the United States and Canada to expand its presence overseas, said a company official.
