Alibaba Group Holding Ltd's finance arm plans to use a partnership structure to allow top management to maintain control of the company's board after an initial public offering, according to people familiar with the matter.
Fiscal revenue growth decelerated at a quicker-than-expected pace during the first two months of this year, adding to China's economic woes.
China's draft counter-terrorism law is still very much alive, but some of the clauses that require overseas tech companies to reveal source codes and other sensitive information to government officials could be softened, according to industry insiders.
Henan Rebecca Hair Products Inc, one of the world's largest wigmakers, is going to set up its fourth overseas plant in Africa next year, said Zheng Youquan, the company's founder and board chairman.
Alibaba Group Holding Ltd, the Hangzhou-based e-commerce giant listed in New York last year, has confirmed that the 180-day lockup period of about 437 million of its ordinary shares will end on Wednesday, suggesting there could be a flood of its stock onto the market.
Alibaba's founder Jack Ma purchased an old German stamp for 20 euros ($21) on his website Taobao in the presence of Vice-Premier Ma Kai and German Chancellor Angela Merkel, and paid for the same with his face.
China and Germany will deepen cooperation in technology innovation, manufacturing and finance, Vice-Premier Ma Kai and German Chancellor Angela Merkel said during a meeting on Sunday.
"The authorities should be cautious when putting administrative restrictions on the use of money. Interfering with the market by limiting buying properties or cars, setting prices or requiring approval will undermine the currency's value and upset market equilibrium."
Zhang Yunfei, a ship model fan in his childhood, unexpectedly landed in the nascent market for unmanned surface vehicles.
The resource-rich Xinjiang Uygur autonomous region in western China will become the center of State-owned energy companies' reform this year with the launch of a pilot project by the country's biggest oil and gas producer in the area.
The irony of Chinese consumers going crazy for made-in-China, high-tech toilet seats being sold in Japan has led to bemusement among domestic sanitary players, with some trying to seize the opportunity nonethless.
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