Lei Jun, who has been dubbed "China's Steve Jobs", said recently that he wanted his fast-rising handset maker Xiaomi Corp to become the world's top player within five to 10 years.
After smart wristbands that can track your every movement, and smart scales that can monitor your weight, a new wave of technology is now expected to delve even deeper into monitoring everyday life, including one device which even promises to revolutionize the way we do things as bland as drinking a cup of water.
Richard Heygate and Rob Wylie, two famous figures in the United Kingdom's venture capital industry, are spearheading an innovative project to unlock investment opportunities from China.
Consumerism runs rampant as holiday retailers kick off season
Protesters in Ferguson, Missouri, began targeting Black Friday sales at major retailers overnight in a new tactic to vent their anger at a grand jury decision not to indict a white police officer who fatally shot an unarmed black teen.
Indonesia has ordered officials to eat local street food at meetings instead of fancy foreign fare and stop holding lavish parties, in the latest moves by the new government to crack down on bureaucratic excess.
The standard "peacemaker" in this highland Peruvian provincial capital is a whip fashioned from the twisted sinew of a bull penis. It gets a lot of respect. So do the well-organized bands of citizen vigilantes who wield it.
French lawmakers were scheduled to debate a motion on Friday urging the government to recognize Palestine as a state, amid growing European frustration at the moribund Middle East peace process.
Retail fuel prices are expected to be cut for a ninth consecutive time since July on Saturday as the government reacts to declining international crude prices, industry sources said on Thursday.
China is likely to become a net exporter of oil products this year as domestic refiners continue to request export quotas, said international commodities data provider Platts.
Wal-Mart Stores Inc, the world's largest retailer, has dismissed around 20 mid- and senior-level executives and closed stores in China as part of a restructuring aimed at countering growing pressure from local rivals and online retail sales.
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