CEFC buys 20% of Wall Street broker

Shanghai-based energy and financial services company, China Energy Company Ltd, said it had agreed to acquire a 20 percent stake in US brokerage company Cowen Group Inc for $100 million.

Alibaba says Intime privatization on track

Hong Kong-listed leading department store operator Intime Retail (Group) will be privatized this year - in a move led by its single largest shareholder, e-commerce giant Alibaba Investment - Intime's chairman said, adding that 2017 would be the first year of a new retail era.

Goubuli invests in Aussie vitamin maker

SYDNEY - Australian vitamin supplement company Blooms closed a deal with Goubuli Group, that will see the Chinese company invest A$60 million ($46 million) which Goubuli hopes will boost its synergies within the booming sector.

Reebok plans 500 stores in China, 50 this year alone

Adidas AG's Reebok brand, which is into fitness and lifestyle footwear, apparel and equipment, is planning to open 500 stores in China by 2020.

Tech insurer, SME bank on horizon

China is on course to launch its first technology insurance firm and a technology bank equivalent to the Silicon Valley Bank by 2020 as the high-tech sector gets set to fuel the next wave of economic growth.

TCL expands content with internet giants deal

Chinese electronics giant TCL Corp launched its first internet TV brand by working with online giants Alibaba Group Holding Ltd and Tencent Holdings Ltd to strengthen its content offering.

Xi'an Janssen tackles TB problem

Xian Janssen Pharmaceutical Ltd, one of China's largest pharmaceutical joint ventures, launched a set of activities to help tackle tuberculosis and multidrug-resistant tuberculosis (MDR-TB) in China.

Chinese donate vital medical equipment

LUSAKA - A Chinese medical team working in Zambia donated three sets of telemedicine equipment aimed at improving healthcare services in Zambian hospitals.

Film screenings show movies can help treat trauma

Social welfare professionals from China and Japan had a rare chance to sit down together in Beijing to share their experiences in disaster relief, child welfare and professional training.

IN BRIEF (Page 18)

CRRC bonanza as railcars to supply US rail systems

Chinese railcars will soon be humming along both coasts of the United States, after Beijing-headquartered China Railway Rolling Stock Corp signed deals with various US transport authorities.

PwC launches excellence center

Attracted by China's booming startups and investment environment, accounting firm PricewaterhouseCoopers on Tuesday opened a China Centre of Excellence in Shenzhen, Guangdong province.