Huawei Technologies Co Ltd has made its first equity investment in a British technology company as the Chinese networking and telecommunications giant looks to boost its consumer business by tapping into the market potential of Internet of Things, said analysts.
Huawei Technologies Co Ltd, the world's No 2 telecom equipment maker, said on Monday it will achieve sustainable growth in 2014 after posting a 19 percent jump in first-half revenue to 135.8 billion yuan ($21.88 billion).
Taobao, a C2C online platform owned by e-commerce giant Alibaba Group Holding Ltd, now provides not only small items but also bulk commodities such as steel products.
For most Chinese consumers, tequila-a distinctive product from Mexico made from the fermented juice of agave plants-is an exotic liquor compared with foreign rivals cognac and whiskey.
If venture capital fund managers compare themselves to experimenters, their lab is the entire economy-especially where seeds germinate and new industries grow.
So you are thinking of starting a hedge fund. You are not alone.
Chinese consumer confidence remained high in the second quarter, thanks to average wage increases and a reduced consumer price index, Nielsen said on Monday.
First-half growth slowed in many provinces this year, although it picked up in the second quarter compared with the first as top-down stimulus measures kicked in and local governments took pro-growth steps of their own.
The government will revive mortgage-backed debt sales this week after a six-year hiatus, as China extends more help to homebuyers in a flagging property market.
Chinese stock brokerages are seeking to raise more than $6.2 billion from initial public offerings as capital constraints squeeze their operations.
The central bank will use unconventional monetary tools such as re-lending and pledged supplementary lending to maintain relatively loose liquidity, rather than turning to conventional tools including lowering interest rates or the reserve requirement ratio, said Zhu Haibin, chief China economist at JPMorgan Chase & Co.
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Raymond Zhou
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