Alibaba Group Holding Ltd said on Wednesday that it will buy all the remaining shares of mobile browser company UCWeb Inc in China's biggest Internet deal, as the Hangzhou-based e-commerce giant is seen stepping up its spending spree ahead of its highly anticipated initial public offering in the United States.
Xunlei, an Internet platform that offers digital content acceleration and online video services in China, is likely to restart work on its proposed initial public offering in the United States next month, Tencent.com said on Wednesday.
With 127 berths and 33 Fortune 500 companies Zhangjiagang port is becoming the growth engine of the local area.
Lower home sales and weak property prices will dent the net profits of listed Chinese developers for the first six months of the year, analysts said on Wednesday.
US electric car producer Tesla Motors Inc inked an agreement on Wednesday with real estate developer China Yintai Holdings Ltd to collaborate on a destination charging project.
Though home purchase restrictions are expected to be eased in more Chinese provinces, it will have a limited impact on propping up the sagging real estate sector, industry experts said on Wednesday.
The Dutch dairy sector is looking to double its turnover in exports to China in the near future, the country's dairy industry association chairman has said.
Technological advancement and Internet penetration have transformed how companies interact with customers. But although an increasing number of Chinese consumer and retail companies have developed multiple channels for engaging consumers, such as stores, the Internet and mobile apps, customers don't seem impressed.
Li Shichuan, a historian and retired director of the Qinzhou Museum, says it is important to draw historical lessons from Qinzhou's history "when we intend to revive the Maritime Silk Road of the 21st Century."
Local leaders say State support crucial for the concept's success
China's consumer inflation climbed from an 18-month low in April to usual levels in May, while factory price deflation eased, indicating that the sluggish economy is slowly stabilizing.
Stocks posted their largest gain in a month on Tuesday on news that initial public offerings would resume and some banks' reserve requirements would fall.
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Raymond Zhou
Op Rana
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Chen Weihua
