Xiaomi targets $14.5b in revenue

Xiaomi Corp, one of China's most valuable technology startups, is shooting for more than 100 billion yuan ($14.5 billion) of revenue in 2017 while expanding its global business and deepening research into artificial intelligence and online finance.

Fidelity launches its first fund in China

Global asset management company targets large institutional investors

Beijing Fun Age Entertainment plans IPO

Beijing Fun Age Entertainment Co Ltd, China's first comedy stage play company listed on the New Third Board, is planning to have an initial public offering - as part of its strategy to fund a new round of development and capture bigger audiences.

Bitcoin price slides as officials inspect local exchange

Bitcoin tumbled to a one-month low on worries that Chinese authorities are going to tighten their oversight of the digital currency.

Chengtong buys Metallurgical Corp shares

Metallurgical Corp of China Ltd, the country's biggest metallurgical engineering contractor, announced on Wednesday that 24.76 million of its nonpublic offering shares were purchased by China Chengtong Holdings Group Ltd, a State-owned asset-operating group.

Commercial banks' NPL ratio moves higher in Q4

The China Banking Regulatory Commission said on Tuesday that the nonperforming loan ratio of commercial banks in China a the fourth quarter came in at a 1.81 percent, up from an NPL ratio of 1.76 percent in the third quarter - a development which triggered further measures by the national banking regulator.

China Southern mixed ownership plan uncertain

State-owned China Southern Airlines denied immediate plans to bring other major shareholders into the company on Wednesday - hard on the heels of reports the previous day of a mixed ownership plan which pushed the stock price up 7.38 percent.

Walmart fights children's malnutrition

Walmart Inc donated 2.65 million yuan ($382,175) it has raised from its staff, suppliers and customers to a Chinese foundation in early January, aiming to enhance the nutritional conditions of more students living in poor areas.

GAC Motor to help build green expo

GAC Motor Co Ltd, the subsidiary of the Guangzhou Automobile Group Co, has signed an agreement with a local science institution to build a low-carbon and new energy exhibition, aiming to promote an environmentally-friendly lifestyle.

Vicks issues handbook on colds

Vicks, a cold and cough medicine brand of Procter & Gamble and Zhong Nanshan, a renowned academician of the Chinese Academy of Engineering, jointly released a handbook on cold prevention and treatment in Guangzhou.

IN BRIEF (Page 18)

PSBC and IBM build up blockchain banking system

The Postal Savings Bank of China Co Ltd announced on Tuesday that it has launched a blockchain-based system for its asset custody business.