Malaysian state fund 1Malaysia Development Bhd or 1MDB said that it would sell 60 percent of its property project in Bandar Malaysia to a consortium including Iskandar Waterfront Holdings and China Railway Engineering Corp to ease its debt burden.
Shipyards in China will continue to lag behind their foreign rivals as cumbersome financing conditions and prolonged excess capacity continue to crimp industry profits and push smaller shipyards out, experts said.
Suning Holdings Group Ltd's acquisition of a 33.33 percent stake in smartphone maker Nubia Technology Ltd, a subsidiary of ZTE Corp, is expected to drum up competition in China's crowded smartphone marketplace.
Chinese lenders may soon be able to seek bankruptcy protection legally, a top official at the banking regulator said.
Growing complaints about extra charges, refunds and issues related to ticketing are prompting airline companies to end ties with online travel agencies.
From microwave ovens to smartphones, technology firms have been attempting to profit by changing the way we live since the Industrial Revolution. And we let them win every time.
Fundraising by China's new IPOs in 2016 is estimated to hit 250 billion yuan ($40 billion) to 300 billion yuan this year, making the A-share IPO market the biggest one globally, accounting firm PricewaterhouseCoopers said on Monday.
Taiwan-based smartphone marker HTC Corp has diversified its range of products by investing in virtual reality or VR devices amid a declining demand for cell phones in the global market, the company's CEO has said.
Technology companies are betting on clunky goggles or headsets, which symbolize the virtual reality or VR technology, to be the next big thing, as influential as the smartphones. And they may well be riding the right horse.
One of the positive outcomes of the government's decision to support local innovation is that many Chinese firms have announced plans to make their own chips and software products for mobile devices.
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Raymond Zhou
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