The 24-story Seaside Building on Lujiang Avenue in Xiamen's downtown area is attracting few tenants. A total of 10 floors are unoccupied, with four still being completed.
China unveiled a detailed overcapacity replacement policy on Thursday that will promote cuts in the iron and steel, electrolytic aluminum, cement and glass industries.
After seven years of rapid growth, which made it China's largest online jewelry retailer, Kela Co Ltd is aiming this year to become more upmarket and professional.
Today's Chinese online shoppers prefer to turn to both online channels and offline channels for product information when shopping online, according to Nielsen's recent Online Shopping Behavior Research Report.
The first special trains for e-commerce freight delivery services between Shanghai and Beijing will start running on Friday, marking the initial step of opening up rail services to commercial clients, China Railway Corp said Thursday.
China's e-commerce giant Alibaba Group Holding Ltd is reportedly in talks to provide funding to US messaging company Snapchat, further adding to the Hangzhou-based company's string of investments in American companies leading up to its IPO debut in the United States.
The China Securities Regulatory Commission will streamline procedures for the issue of asset-backed securities by brokerage firms, the National Business News reported on Thursday.
Sinotech Minerals Exploration Co Ltd and Power Capital LLC announced on Thursday that they will establish a mining fund totaling 1 billion yuan ($161.9 million), which will seek opportunities among fast-growing small and medium-sized mines.
Suning Commerce Co Ltd reported a first-half net loss of 749 million yuan ($121.4 million), the first interim loss for the appliance retailer in a decade.
Soybean imports will shrink in the second half as demand declines, the result of a slowdown in meat demand and high import volumes in the first six months.
A television expose showing improper meat handling by a supplier caused "significant, negative" damage to sales at its KFC and Pizza Hut restaurants in China over the past 10 days, US-based Yum Brands Inc said on Wednesday.
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Raymond Zhou
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