Hong Kong's securities regulator says Chinese e-commerce giant Alibaba Group Holding Ltd breached takeover rules in the purchase of a healthcare firm in 2014. It says that is because it also bought a company owned by the brother of the healthcare firm's vice-chairman on "favorable terms".
Chinese mainland stocks traded in Hong Kong fell to the lowest level in more than two months amid concern potentially higher US interest rates will spur capital outflows and hurt the earnings outlook for airlines and property developers.
Jack Ma, chairman of Alibaba Group Holding Ltd, has canceled a speech at an anti-counterfeiting conference in the United States after the trade group behind it suspended the e-commerce giant's recently gained membership.
Fonterra, New Zealand's dairy cooperative and a leading dairy food services player in China, has launched its new brand, Anchor Food Professionals, in Shanghai, in a move designed to take advantage of a fast-expanding dairy market in the Chinese mainland, estimated to have an annual compound growth rate of more than 20 percent.
Bank of China Ltd says it is pushing to help small and medium-sized Chinese companies looking for market share, advanced technologies and management expertise overseas, in an initiative aimed at boosting cross-border investment and trade cooperation with their foreign counterparts.
ABB Group, the Swiss power and automation company, has pledged to produce more service robots in China to keep up with growing demand.
Shaanxi province, at the start of the ancient Silk Road in northwestern China, has been attracting billions of dollars worth of new investment, much of which is from South Korea, which top officials say is largely down to the country's pivotal role in the Belt and Road Initiative.
Sumavision Technologies Co Ltd, China's leading provider of video delivery, has invested $300,000 in France's VideoStitch, which is engaged in offering virtual reality video production solutions.
Anji Automotive Logistics Co, a unit of China's largest carmaker SAIC Motor Corp, has picked banks for an initial public offering that could raise at least $500 million, people with knowledge of the matter said.
Chinese mainland stocks on Wednesday declined to their lowest level in two months, amid weak investor sentiment about prospects for the Chinese economy.
More than 2,000 Chinese sturgeon, a protected and precious species of fish, have been released into waters at the upper reaches of the Yangtze River in Yichang, Hubei province, to improve the river's ecological system.
On April 29, together with London-headquartered Plan International, one of the world's largest child-centered humanitarian development organizations, AkzoNobel announced the Youth Employment Solution for You Project. It will help 800 vulnerable young people, aged 16 to 29 in and around Chengdu, to gain certain skill sets for them to hold down a stable job.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
