Technology giants in flap over gift envelopes

But today, receiving or sending a money gift is just a tap away after the launch of virtual red envelope services by Internet giants.

Capital account shifts into the red

The nation posted a deficit of $96 billion under its capital and financial account last year, larger than the $31.8 billion recorded in 2012, underscoring a shift to increasing outbound investment, data from the State Administration of Foreign Exchange showed on Tuesday.

Moves to reshore signal a gradual return to 'Made in US'

Many American companies are finding that manufacturing in China is no longer the best option, reports PaulWelitzkin in New York.

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Governments and policies

Quotes of the day

Corruption investigation expands to finance sector

Bank of Beijing Co Ltd Board Director Lu Haijun is being investigated for serious disciplinary violations, the bank said in a statement to the Shanghai Stock Exchange on Tuesday.

CNOOC cuts capital expenditure

CNOOC Ltd, China's biggest offshore oil and gas producer, said it will control output in the next three years as well as cut capital expenditure, in a bid to counter challenges from falling crude oil prices.

Lenovo stays in black despite Motorola buy

Lenovo Group Ltd said on Tuesday it had dodged a widely expected profit slump in the fourth quarter, after its acquisition of Motorola Mobility LLP at the turn of the year.

Auto special: Mercedes-Benz confident of sustaining momentum

Mercedes-Benz has pledged to lift customer experience in the China market by laying a trustworthy foundation with its dealer partners and unveiling more models to sustain its already strong momentum in 2015.

Gazprom given top rating from Dagong

Analysts suggest gas deal with China may have influenced credit agency's decision

There's more to Anbang story than meets the eye

Anbang Insurance Group Co, a little-known Chinese insurer until last year, has gained sudden prominence in the financial and capital markets after a string of high-profile domestic and international acquisitions, raising questions about its shareholders' background and concerns of possible risks behind its aggressive expansion.

Alibaba institutes $129 million fund in HK for startups

E-commerce magnate Jack Ma has not only set an example to aspiring Hong Kong entrepreneurs but also offered to help them with funding and, more importantly, a ready platform to tap the vast mainland marketplace.