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US cheap-liquor billionaire looks abroad as sales slow

[2016-12-23 07:30]

You may not have heard of America's richest spirits billionaire, but odds are you've sipped one of his offerings. Or, more likely, chugged it.

IFC to boost its VC investment in innovation startups

[2016-12-23 07:30]

International Finance Corporation, a member of the World Bank Group, will increase its venture capital investments in China's innovative startups sector next year, a senior company executive said.

Shaanxi Blower sees double-digit growth

[2016-12-23 07:30]

Blower manufacturer Shaanxi Blower (Group) Co Ltd, one of the winners of the fourth China Industrial Award, said it will continue to offer integration solutions for so-called micro electricity grids or distributed energy resources.

Bohai to buy jet leasing firm in US

[2016-12-23 07:30]

Bohai Capital Holding Co Ltd, a Chinese finance leasing company, plans to fully acquire US commercial jet leasing firm C2 Aviation Capital for $10 billion in cash, according to a statement from Bohai Capital.

TCL offers US streaming service

[2016-12-23 07:30]

To appeal to a broader audience, China's electronics giant TCL has recently added the streaming service GoLive on to all of its smart TVs in the United States.

LeEco business plan criticized by its investors

[2016-12-23 07:30]

Chinese internet firm LeEco said it is talking with strategic investors and that trading in shares of LeEco's listed company, Leshi Internet Information and Technology Corp, will continue to be suspended.

Deal to boost solar power development

[2016-12-22 07:19]

The Chinese government and the New Development Bank signed a loan agreement on Wednesday, approving the provision of 525 million-yuan ($75.5 million) sovereign project loan for the bank's first project in China, the Shanghai Lingang Distributed Solar Power Project.

Ant Financial pushes rural finance service

[2016-12-22 07:19]

Ant Financial Services Group, Alibaba Group Holding Ltd's financial-services affiliate, has ramped up its expansion in rural finance - with the company announcing on Tuesday that it will provide so-called acquaintance-based loan services, big data-based online loan services and supply chain financing for the rural population in China.

Mainland moves to use more natural gas

[2016-12-22 07:19]

China Petrochemical Corp, Sinopec, aims to sell around 10 billion cubic meters of natural gas during the heating season to meet rising demand.

CNPC acts on market-oriented targets

[2016-12-22 07:19]

China's oil giant China National Petroleum Corp said on Wednesday that it has implemented guidelines on reforms for a market-oriented economy and mixed-ownership.

China stocks rebound as liquidity worries ease, reform hopes rise

[2016-12-22 07:19]

China stocks rebounded on Wednesday, as fears of a liquidity squeeze in the banking system subsided after risks from a bond scandal appeared contained, and on a pledge to deepen reforms in State-owned sectors.

Nestle boosts Yunnan coffee farmers

[2016-12-22 07:19]

Nestlé's presence in Southwest China's Yunnan province is helping local people shake off poverty.

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