This week's $15 billion merger of two Chinese startups stood out for a number of reasons. It is the largest-ever combination in the nation's Internet industry, it forms a dominant player in the booming local services market - and just one bank brokered the deal.
Ferrero International SA, the world's third-largest chocolate maker, expects to create 500 to 700 jobs next year in Hangzhou after launching its first East Asian factory, the biggest investment ever, in the capital of Zhejiang province.
British retailer Marks & Spencer Plc is setting up a new flagship store in Beijing this winter to further expand its presence in China.
China Reform Holdings Corp, an investment firm charged with revamping State-owned enterprises, plans to buy a stake in China Tower Corp, valued at more than 10 billion yuan ($1.6 billion), people with knowledge of the matter said.
Alibaba Group Holding Ltd opened its second data center in Silicon Valley in the United States as it invests $1 billion in its cloud computing business globally to compete with Amazon.com Inc for clients.
In its latest Global Financial Stability Report released on Wednesday, the International Monetary Fund said: "The Chinese authorities face an unprecedented policy challenge in carrying out their objectives to make the transition to a new growth model and a more market-based financial system."
The second deportation hearing of China's most-wanted economic fugitive Yang Xiuzhu took place in the New York City Immigration Court on Monday, without a ruling.
AT 11:30 PM ON WEDNESDAY, the last night of the weeklong National Day holiday, the nation's top disciplinary watchdog, the Central Commission for Discipline Inspection of the Communist Party of China, published on its website that Su Shulin, governor of Southeast China's Fujian province, was under investigation for suspected discipline violations. Comments:
OVER THE PAST TWO YEARS, China's Ministry of Environmental Protection has reportedly held talks with leaders from at least 20 cities and five enterprises, including a State-owned one, to address the serious local environmental pollution they were responsible for. Comments:
TRAFFIC JAMS brought expressways across the country to a halt during the National Day holidays, but holidaymakers expected them and came prepared with enough snacks, drinks and entertainments to kill time. Comments:
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
