Xiaomi Corp unveiled its first lineup of above-3,000 yuan ($440) handsets on Tuesday, targeting business people and tech-savvy consumers, as the smartphone maker moves to crack the premium segment, suddenly full of opportunity in the wake of Samsung Electronics Co's smartphone recall crisis.
Fujian Grand Chip Investment Fund LP said on Tuesday that the German government's move to withdraw approval of its takeover of German chip equipment maker Aixtron SE did not necessarily mean it would scrap its bid.
Ant Financial Services Group, the operator of China's most used mobile payment service Alipay, will soon enable its hundreds of millions of Chinese users to enjoy data-driven in-store payments in the United States - the latest effort made by the digital financial service giant in its moves to go global.
The fast-developing local aerospace industry has given rise to growing demand for independently developed high-performance graphite - a major carbon material used in aerospace projects - according to a top executive at Harbin Electric Carbon Factory.
Baosteel Group, the largest steel smelter in China by output, has predicted yearly profit growth of six to eight fold this year.
China is expected to reach the annual targets set for cutting overcapacity ahead of schedule this year, but pressure of excessive production suggests no easing up on the continued efforts.
China's stocks extended gains to a nine-month high, on optimism the government will boost spending on infrastructure and that efforts to curb property price gains will send money back into equities.
State-owned enterprises directly under the supervision of the State-owned Assets Supervision and Administration Commission have reached the goal of trimming their overcapacity this year, well before the end of 2016, according to a top official of the commission.
The inclusion of the yuan in the Special Drawing Rights basket of the International Monetary Fund will bring great business opportunities to commercial banks with an integrated platform serving clients onshore and offshore.
Dairy giant Inner Mongolia Yili Industrial Group Co Ltd saw its shares surge on Monday, the first day it resumed trading after its announcement that it will acquire China Shengmu Organic Milk Ltd and plans to expand in the high-end milk products market.
Betting against a loss-making Chinese milk producer is turning into a painful trade for short sellers.
Asian stocks climbed as Shanghai equities rallied to a nine-month high and investors braced for a busy week of earnings across Japan, China and the United States.
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Raymond Zhou
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