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First national gene bank opens

[2016-09-23 09:51]

China National GeneBank, the country's first national gene bank, was officially put into use on Thursday. The complex is expected to offer strong support to the development of the genetics industry.

Baidu set to lose leading role in digital advertising

[2016-09-23 09:51]

Online search giant Baidu Inc is set to lose its top spot in the nation's booming digital advertising market this year to its rival Alibaba Group Holding Ltd, according to a report from London-based market research firm eMarketer.

What's news

[2016-09-23 09:51]

Commerce ministry launches sugar probe

Luxury market key to reviving auto brand

[2016-09-23 09:51]

Once an iconic luxury car brand in the United States, Cadillac has seen its market share slip to rivals like BMW and Lexus. Johan De Nysschen is trying to recapture the magic that made Cadillac a world-wide symbol of automobile luxury.

Glaxo names Emma Walmsley as new CEO to succeed Andrew Witty

[2016-09-23 09:51]

GlaxoSmithKline Plc promoted Emma Walmsley to be its new chief executive officer and succeed Andrew Witty when he retires, singling out the UK's largest drugmaker as the only major global pharmaceutical company led by a woman.

Train maker to work with European counterparts

[2016-09-22 07:46]

Chinese train manufacturing giant CRRC Corporation Ltd vowed to cooperate with major manufacturers in Europe to "explore new markets" in the region.

Remy stays elite as its rivals look elsewhere

[2016-09-22 07:46]

If China's thirst for luxury goods is on the wane, nobody's told Remy Cointreau SA.

Microsoft eyes huge potential in China's rising cloud market

[2016-09-22 07:46]

Microsoft Corp will increase investment in China's cloud computing market and the scale of its cloud platform Microsoft Azure will grow at least tenfold in China in the next few years, a top executive in charge of the company's cloud service said on Wednesday.

Lenders 'need new sources of growth' as NPLs up

[2016-09-22 07:46]

An analysis by international accounting firm PricewaterhouseCoopers (PwC) of 30 A and H-share listed banks found that the Chinese banking sector was in urgent need of new sources of growth - as the sector confronts slower profit growth, shrinking interest margins and rising nonperforming loans.

Postal Bank IPO to be the world's biggest

[2016-09-22 07:46]

State-owned lender Postal Savings Bank of China raised about HK$ 58 billion ($7.4 billion) in its initial public listing offering and is set to go public in Hong Kong on Sept 28 - making it the world's biggest IPO since Alibaba Group went public raising $25 billion in September 2014.

What's news

[2016-09-22 07:46]

Govts & policies

Steelmakers closer to creating mega mill

[2016-09-21 07:14]

Two of China's biggest steelmakers agreed to merge their listed units, moving a step closer to a union that would create the world's second-biggest mill.

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