As part of a program to upgrade its food sales, Starbucks Corporation will become a licensee and investor in the boutique bakery and cafe Princi. The bakery will offer food in all new Starbucks roastery locations, including Shanghai and New York.
The protracted purchase of AC Milan by a Chinese consortium was postponed yet again on Monday, although a person familiar with the negotiations said the holdup was due to "little details" and the emblematic Italian club should change hands by next week.
The move comes as online sales of handsets hit a ceiling, and is part of the State-owned company's efforts to catch up with industry leader China Mobile Communications Corp.
The A-share market has reopened its doors to commercial banks after a regulatory halt from 2010, with 14 banks now waiting for initial public offerings.
Chinese stocks retreated from a three-month high, with materials and energy companies leading the drop, amid signs that recent gains by the market were excessive.
Bank aims to help alleviate poverty while creating a profitable business
A new round of resources tax reform, starting from July, may lead to a heavier tax burden, but it will have long-lasting benefits to society and help ensure resource sustainability, experts said Tuesday.
Baker & McKenzie LLP, the world's biggest law firm by revenue, said it has been making progress in its joint operation with local Chinese law firm FenXun Partners, a move to expand its presence in the "brutally competitive" legal service market in China.
Sale of stock in a unit, combined with other moves, to fund Syngenta buy
Alibaba Group Holding Ltd is gearing up to open up its information security technologies to other e-commerce players, as the online shopping giant sees the industry-wide data security market as the cornerstone for it to reach its goal of selling 6 trillion yuan ($896.8 billion) of goods on all its platforms in 2020.
Panda bond issuance surged to 29 billion yuan ($4.33 billion) in the year to date in 2016, compared with 12 billion yuan in all of 2015, said a JPMorgan Chase & Co report.
Steps to be taken to tackle pollution from heavy use of aircraft as industry expands
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Raymond Zhou
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