Jussi Pesonen, president and chief executive officer of UPM, one of the largest makers of paper in the world, says that despite the turbulent times in the market, the Finland-based company has managed to hold its head above the water by reinventing itself as a "Biofore" company.
Lenovo Group Ltd, the world's biggest personal computer maker, has tried its best to throw a dampener over Apple Inc's much-anticipated product updates on Thursday, by launching powerful competing devices the day before the United States-based tech giant revealed its latest plans.
Didi Kuaidi, China's largest mobile-based car-booking company, has raised $3 billion as fresh investment through its latest fundraising round, its top official said on Wednesday.
China will use independent State-asset investment and operating companies to ensure flexible capital flows among businesses and to reduce direct intervention in State-owned enterprises, as part of its proposed reforms for the sector, according to sources close to the matter.
Baidu Inc, the online search giant, launched its own Siri-like virtual assistant on Tuesday which is able, for instance, to place takeout orders.
China General Nuclear Power Group inked a framework agreement with Kenya on Monday to develop nuclear projects in the African nation, giving the much-needed fillip for export of its homegrown third-generation nuclear reactors.
German retailer Metro Group AG said on Tuesday that it plans to open a store in Tmall, the business-to-consumer platform of Alibaba Group Holding Ltd, to attract more shoppers.
China's central bank defended on Tuesday new regulations imposed on the currency forwards market this month, saying they were not a form of capital control and were introduced after investors had speculated in the market.
Walking around the wholesale clothing market near Sun Yat-sen University in Guangzhou, Guangdong province, it doesn't take long to spot sellers from Shantou.
China's technology, media and telecommunication IPOs reached a new high in the first half of 2015, but the momentum is expected to slow in the next six months due to capital market fluctuations, according to a report from PricewaterhouseCoopers on Tuesday.
"Only if China's GDP growth is maintained at 5 to 6 percent, and if overcapacity does not lead to a chain of business failures, can we effectively prepare for long-term economic reform."
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