A company controlled by Alibaba Group Holding Ltd Chairman Jack Ma will pay 3.3 billion yuan ($535 million) to become the largest shareholder of financial software company Hundsun Technologies Inc.
Maersk Line, the shipping unit of Denmark's Maersk shipping and oil conglomerate, is speeding up plans to offer a wider range of services in China because more Chinese companies are keen to move to emerging markets to benefit from booming bilateral trade, preferential trade tariffs and investment opportunities.
China's State Council, or its cabinet, approved the formation of an Internet finance association to promote self-regulation of the online financial industry. The association, which will run under the leadership of the People's Bank of China, needs ratification by the Ministry of Civil Affairs, an industry source who declined to be named said.
The city of Pu'er in Yunnan province has established the country's first pilot zone to develop a range of "green industries" that will feature low pollution - and high profit.
Fires in vehicles and the high price of energy storage technology have hampered the market for batteries powering electric vehicles.
State-owned China National Cereals, Oils and Foodstuffs Corp (COFCO) said on Wednesday it will pay $1.5 billion in cash for a 51 percent stake in the agribusiness operations of Hong Kong-based Noble Group Ltd, the second big move by China's largest food trader within two months.
Country's 'Big Four' banks are set to see a dipin profit growth amid an economic slowdown, Jiang Xueqing reports
Expanding credit and rapidly cooling economy pose challenge to tactical approach to debt risks
Chinese banks' resilience to the growing popularity of Internet finance has been "so far, so good" and sector change will come as the industry catches the trend, analysts in Hong Kong said.
Traditional banks in China are under severe pressure from the fast-growing online finance sector, which combines the convenience and efficiency of the Internet with the sophistication of wealth management products - while also offering rates higher than what bank deposits pay.
As the five rings finally blossomed during the closing ceremony of the Sochi 2014 Olympic Winter Games, television broadcasters were celebrating the breaking of yet another world record.
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