IN BRIEF (Page 18)

Gas pipeline firms diversify ownership

China Petroleum & Chemical Corp, usually known as Sinopec, has sold half of the shares of its gas pipeline business to another two State-owned enterprises.

Messe Frankfurt invests big in China

Messe Frankfurt GmbH, one of the world's largest trade fair companies, will continue to organize exhibitions in Belt and Road countries and increase investment in China, especially in the second-tier cities.

Chinese stocks experience slight gains

Chinese mainland stocks erased declines in afternoon trading to scratch out a gain for the day, with PetroChina Co leading the rebound as oil prices held near a 17-month high.

DJI sees jump in revenue

DJI, China's largest commercial drone manufacturer, is confident its revenue this year will surge by 60 percent to 10 billion yuan ($1.47 billion), thanks to the expansion of its production line, according to its vice-president.

Malaysia Airlines' mainland flights to expand rapidly

Malaysia Airlines, after being re-nationalized and restructured, decided to carry out a rapid expansion into the Chinese market with a brand new look. Eyeing the immense consumption power of Chinese tourists, Malaysia Airlines will add eight new destinations in the mainland, with 11 new routes and 35 additional flights between Malaysia and China, beginning in early 2017.

Guangdong Construction to step up overseas play

Guangdong Construction Engineering Group Co Ltd, a State-owned industry leader based in Guangzhou, plans to expand its overseas business by increasing investments and strengthening R&D.

LeEco in damage-control mode

Tech-to-auto major LeEco said it would resolve its cash flow crunch within three to fourth months.

Great Wall AMC recast as a joint stock firm, may list on an exchange

China Great Wall Asset Management Co officially launched as a restructured joint-stock firm on Sunday, with an eye on a market listing and a bigger role in tackling China's mounting bad debt problem.

Starbucks coffee with QR code

WeChat lets users text friends, post selfies and pay a gas bill with a smartphone. From Thursday, the blockbuster Chinese app, known as Weixin Pay in China, has also been used to buy a Java Chip Frappuccino.

AIA savors the sweet spot of insurance in Asia

AIA Group Ltd, the world's second-largest life insurer by market value, will continue to focus on protection policies and the quality of its business in China to ensure sustainable growth, according to top management.

Standardization of supply chain equipment 'vital'

China needs to speed up the way its supply chain is being standardized if the efficiency of logistics is to be improved and costs reduced, said the head of a leading US logistics company.