With developments in mobile applications, a stranger's car can be hailed in an instant. An apartment owned by someone you've never met can be rented within the hour. But while these two have always seemed ideal for sharing, no one, until recently, thought the kitchen could be for anyone but the familiar.
Last year, more than 100 million people across 400 cites in China hailed 1.43 billion "taxi" rides using a mobile application, which used 14 million cars that it did not own to provide the service.
Rising labor costs, global ambitions and need for brands and technology give outbound M&A activity momentum
In tune with the larger trend of Chinese companies shopping overseas for M&A targets, Shenyang Yuanda Enterprise Group is seeking opportunities this year to acquire advanced agribusiness companies in the United States and Germany this year.
The M&A season may be upon corporate China, but senior research fellows are cautioning local companies to be more selective and diligent before committing to major deals.
Chinese firms gear up to export smart bullet trains, subway and railway technologies and equipments
Chairman Zhong Shanshan is digging new channels to let China's bottled water flow into world markets
Shangri-La Hotels and Resorts established its first property in mainland China on the shore of Hangzhou's beautiful West Lake more than three decades ago.
A senior business leader for AccorHotels, a world-leading hotel operator, shared with China Daily the company's insights for the year of 2016, from business focus to strategy in its Greater China regions.
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