Uber Technologies Inc said its strategy of working with vehicle-rental companies in China instead of individual car owners has allowed it to continue operations after a government ban on unlicensed private-car hire.
China International Capital Corp, the once-dominant investment bank that has lost ground to rivals, hired its former investment banking head as chief executive officer, people with knowledge of the matter said.
The mother of Jack Ma's private-equity fund partner became a billionaire following a higher valuation of Alibaba Group Holding Ltd's finance affiliate last week.
An investment in an Indian payment service provider made by Zhejiang Ant Small & Micro Financial Services Group Co, an affiliate of Alibaba Group Holding Ltd, has two goals.
Red envelopes containing cash, or hongbao, which are given as gifts during Spring Festival, are set to get fatter this year with a growing number of Chinese people willing to loosen purse strings amid confidence that the nation's economic growth will remain stable for the full year, a survey said on Thursday.
The State-owned Assets Supervision and Administration Commission plans to push ahead with the reform of State assets this year, China Securities Journal reported on Friday.
Three days into the 2015 Spring Festival Transport Season, millions of college students and migrant laborers have hit the roads heading home.
Celebrities should focus their energy on the creation of valuable cultural and artistic works rather than use their status to pursue commercial interests or illegal gains, says a People's Daily article.
WU XIANG, A LAWYER and member of the Chinese People's Political Consultative Conference Guangzhou municipal committee, urged the local Party chief and mayor to disclose the property they own so as to propel a property disclosure system for officials. The move aroused nationwide discussion because such an initiative first emerged two decades ago, yet hardly any progress has been made. Comments:
THE PEOPLE'S BANK OF CHINA ON WEDNESDAY announced it was reducing the reserve requirement ratio by 0.5 percentage points for financial institutions, with additional measures for special policy banks, in order to support their ability to adjust their structure. Comments:
ON WEDNESDAY, the Supreme People's Court issued a new judicial explanation, which confirms that electronic information such as e-mails, blog articles and online chat records can be used as evidences in civil lawsuits. Comments:
The debate about genetically modified food in China has divided opinion. Anti-GM activists resolutely oppose GM food.
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Raymond Zhou
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