IN BRIEF (Page 18)

Napa Valley wine brought to China

E-commerce giant Alibaba Group Holding Ltd is betting that a country known for sipping black tea will develop a taste for Napa Valley red.

Bloomberg fully confident of nation's 'enormous potential'

Michael Bloomberg, the former mayor of New York City, has told China Daily he is fully confident the Chinese economy still "has enormous potential".

Crude futures to debut next month

Contract to reflect country's growing importance in setting global price of oil

Delta to step up ties with China Eastern

Delta Air Lines Inc and China Eastern Airlines Corp will deepen their cooperation, officials of the two airlines said, giving Delta a stronger foothold in the world's fastest-growing aviation market while the Chinese carrier penetrates further into the United States.

Hedge funds feel the heat as stocks tumble

China-focused firms experienced worst month in 16 years in August

Overtime taking a toll on personal lives, says study

Working extra hours on both weekdays and weekends has be come an integral and routine part of Liu Xiaoning's life, who works in a media company in Beijing.

Realtors grapple with dwindling margins

The country's largest listed housing developers are still grappling with shrinking margins despite a sale triumph in the first half, according to an examination of their latest half-year earnings.

Zijin on the prowl for overseas acquisitions

Zijin Mining Group Co, China's most profitable gold producer, says it is using the slump in metals prices to accelerate overseas acquisitions.

Changyu invests in Spanish wine

Company set to spend $29.5m on second overseas move after buying French cognac producer in 2013

Huawei watch finally makes global debut

Huawei Technologies Co Ltd, the Shenzhen-based electronics giant, is kicking off global sales of its flagship wearable on Wednesday at an industry expo in Berlin, a full six months after the device's debut.

Market mayhem will not affect broader economy

Fears that China is heading for an economic recession have been overstated. After last week's global market mayhem, concerns from Western analysts and economists surfaced again.