iQiyi.com raises new funds in battle for market share

iQiyi.com Inc, the Netflix-like video streaming arm of Chinese online search engine giant Baidu Inc, has raised $1.53 billion of new funds to compete with its domestic rivals in the ongoing battle for market shares.

Company helps farmers cultivate

Qingdao New Energy Solutions Inc, a Chinese solar panel manufacturer, has invested 240 million yuan ($34.88 million) in a 200 megawatt photovoltaic greenhouse in China's Ningxia Hui autonomous region.

Blueair clears the air with several hospital donations

Swedish air purifier manufacturer Blueair this month donated 20 air purifiers to the pediatric clinic at Peking University Third Hospital. In an attempt to boost its corporate social responsibility, Blueair aims to provide a healthier breathing environment for the staff and patients at hospitals.

Samsung fans education flame

As innovative educational flame burns bright in China, helped along by South Korea-based Samsung Electronics Co Ltd, which says it wants to further diversify its scientific and innovative activities in the country's universities - to build a solid foundation of talent for future development.

IN BRIEF (Page 18)

HNA buys stake in Deutsche Bank

Chinese conglomerate HNA Group is seeking to expand its finance business and further diversify its operation structure after taking a stake in Deutsche Bank, the first Chinese investor to take a major stake in the bank.

Ice and Snow World heats up Harbin's economy

A total of 240,000 people visited the Ice and Snow World in Harbin, capital of Heilongjiang province, during the recent Spring Festival holiday (Jan 27-Feb 2), up 20 percent on the same time last year, according to local government data.

BYD electric taxi fleet to start engines in Singapore

New energy vehicle producer BYD Co Ltd announced that it has supplied 100 electric taxis to a new company which is launching its operations in Singapore on Feb 24, bringing the nation its first fully-electric taxi fleet.

City cluster program gets bank's backing

Programs to support the coordinated development of Beijing, Tianjin and Hebei province - into a planned new city cluster expected to fuel the growth of the whole Bohai Bay area in the coming decades - will get the backing of Tianjin's banking sector, senior financial officials from the region said.

Chongqing aims to be a pivot in effort to boost western region's development

As the latest addition to China's Free Trade Zone project, Chongqing will focus on policy innovation to become a pivot in the country's Go-West campaign - the national effort to develop the vast western regions, home to energy and mineral resources crucial to its future growth - according to its FTZ development blueprint.

Mobike pumped up with investment from Temasek

Chinese bike-sharing startup Mobike announced on Monday it has received a strategic investment injection from Singaporean company Temasek Holdings, as it is locked in a fierce battle with Ofo for dominance in China.

Lakala says it will try again at listing

China's third-party payment firm Lakala is seeking an initial public offering again despite last year's setback, its board Chairman Sun Taoran has revealed.