Apple Inc has donated 7 million yuan ($1 million) to the China Foundation for Poverty Alleviation, lending a hand to the flood relief efforts being made in Southern China.
DHL Sinotrans International Air Courier Ltd, a major express service provider in China, recently set up a foundation dedicated to improving the educational opportunities for students in the country's underdeveloped regions.
The Walt Disney Company announced a $3.1 million donation to fund Disney-themed play spaces and therapeutic play activities at children's hospitals across China.
The merger of two major State-owned travel companies will create China's largest tourism group. The new merged company is expected to better strengthen resources and services.
Huawei Technologies Co Ltd's intensified efforts to safeguard its patents highlight the Chinese tech giant's desire to crack the US market, which the Shenzhen-based company must conquer to fulfill its ambition to be the world's biggest smartphone vendor, experts said.
The cooperation between Wal-Mart Stores Inc and JD.com Inc will not affect the American multinational retailer's plan for bricks-and-mortar stores in China, but the flagship internet store of Sam's Club China will be opened on JD in a few months.
Beijing Sanyuan Foods Co Ltd, one of China's leading dairy producers, plans to purchase a majority ownership in Crowley Properties Ltd, a Vancouver-based company making dairy products such as yogurt, cheese, ice cream and butter for about C$19 million ($14.58 million), according to an announcement by Sanyuan.
A gray robot with a strange shape attracts the attention of insiders from the robotics industry.
Chinese robot makers posted faster growth in the output of industrial robots than did foreign brands last year, as the country looks to raise its robot-to-worker ratio to cope with labor shortages and rising salaries.
Harbin Institute of Technology Robots Group, a leading robot developer in China, plans to build its biggest robotics hub for eastern China in Hefei, capital of Anhui province.
China's banking sector will face greater pressure in terms of asset quality this year and is set to confront increased difficulties in resolving nonperforming loans, according to a report issued by the China Banking Association.
AirAsia Berhad is studying a dual-listing in Hong Kong as part of its plans to become a pan-Asian low-cost airline player as it also moves toward setting up a joint venture in the Chinese mainland.
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Raymond Zhou
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