New Long Ma sells controlling stake

Fujian New Long Ma Motor Co Ltd, one of the major minivan producers in China, on Thursday sold a controlling stake to a consortium led by the main assets owner of Swedish automaker Saab Automobile AB.

Hong Kong stocks rally to highest level in nine months on earnings optimism

Hong Kong stocks climbed to their highest level since November after Tencent Holdings Ltd, Ping An Insurance (Group) Co and Lenovo Group Ltd earnings topped estimates.

India's Hike wins Tencent backing for $1.4b valuation

Hike Messenger became India's newest internet unicorn after securing a round of funding at a valuation of almost $1.4 billion from investors including Tencent Holdings Ltd and Foxconn Technology Group.

Asset custody work done by banks soars

Assets held in custody by China's banking sector reached 103.5 trillion yuan ($16 trillion) at the end of June, increasing 53.6 percent from the previous year, the China Banking Association said.

Trading link 'hastens MSCI'

China has taken another major step toward opening its financial markets after approving a program that will allow investors in Hong Kong to trade equities on the Shenzhen Stock Exchange, analysts said on Wednesday.

Cathay shares drop as profit dives 82% on fuel hedge loss

Shares dived on Wednesday in Cathay Pacific Airways Ltd, Asia's biggest international airline, on first-half profit that missed analyst estimates - after it posted losses from jet-fuel hedges and passenger yields that declined amid fierce competition.

Young leaders develop their management skills

A total of 64 students from 10 universities across the country participated in the finals of a key national youth training program, jointly organized by Starbucks Coffee Company and China Soong Ching Ling Foundation, which concluded recently in Beijing.

Huawei's shining road to corporate responsibility

Corporate Social Responsibility has become a business imperative for the world's major companies, as consumers are increasingly concerned about the impact these firms have on such social issues as worker conditions, income inequality, and environmental sustainability.

Delta Advanced Automation Contest reveals innovative minds

Some 65 teams from universities nationwide experienced a two-day final round of a contest for smart manufacturing talent in the Wujiang district of Suzhou, in eastern China's Jiangsu province. It proved to be an enriching journey for future specialists in the field of industrial automation.

IN BRIEF (Page 18)

Style and health awareness smartly frame eyewear boom

Stores are expected to double to 120,000 by 2021, spawning a 1 trillion yuan market

HiScene aims HiAR in fight with Microsoft glasses

In the age of augmented reality or AR, glasses are not just a means to a better vision. They can pack in functions like computing, real-time location-detection, and depth measurement. They can even enable you to play with digital robots in physical environments.