Dianping targeting smaller cities with app

Dianping.com is boosting its reliance on Tencent Holdings Ltd's smartphone applications as the consumer review website seeks to add users from inland cities.

Wuliangye, New Hope plan grain joint venture

Top baijiu producer Wuliangye Yibin Co Ltd and leading agribusiness operator New Hope Group Co Ltd have set up a joint venture to turn distillery waste into feed, and raise cows with the feed.

The big gamble that paid off

Some current and former employees of China's Alibaba Group Holding Ltd are expected to become millionaires as the e-commerce conglomerate heads into what is expected to be one of the largest initial public offerings in global history.

Business

Regulator streamlines M&A process

The China Securities Regulatory Commission will simplify the review process for major asset restructuring programs and takeovers of listed companies, the market regulator said in a statement on Friday.

Realty heading for a market consolidation

Strong demand, limited supply to offset chances of housing collapse, say analysts

Foxconn to boost the use of robots

Foxconn Technology Group plans to use more robots for its various manufacturing operations as part of its efforts to replace "dangerous, boring and repeated" work, which has often been blamed for the series of suicides at its various facilities in recent years.

Telecom firms establish base station JV

The nation's top three telecom carriers - China Mobile, China Unicom and China Telecom - on Friday signed an agreement to set up a joint venture to deploy base station network infrastructure in China.

Lenders told to firewall risks of WMPs

The China Banking Regulatory Commission said on Friday it has told banks that they must set up special departments to run wealth management products and establish separate accounting systems for those departments to prevent risk spreading from wealth management products to banks' deposit and loan businesses.

Export growth picks up in June

China's export engine picked up steam in June, and import growth resumed, responding to a rebound in external demand and government support measures.

PBOC chief says 'more time needed' to probe money laundering charges

China's central bank governor said more time is needed to investigate alleged money laundering by Bank of China Ltd.

Resilient exporters ride the waves as competitors falter

Successful companies have shifted to added-value sectors to weather a stormy foreign trade market, reports Wei Tian in Shanghai