China Railway Rolling Stock Corp Ltd, the country's railway vehicle and equipment maker and exporter, plans to establish a leasing company to further assist its businesses in manufacturing and overseas expansion.
China Machinery Engineering Corp will expand its cross-border e-commerce service, following its recent cooperation agreement with Southeast Asia online marketplace Greenmart, said a senior company executive.
Alibaba Group Holding Ltd added $7.5 billion to its market value after reporting quarterly results that beat estimates and raising its full-year sales forecast.
State Grid Corporation of China announced on Tuesday that it has taken ownership of a controlling stake in Brazilian power utility CPFL Energia SA, the largest power distributor in the country.
Giving red envelopes containing gift money remains a tradition among Chinese people during the Spring Festival, and this year China's tech companies are adjusting to the digital age by adding Pokemon Go-inspired features to their mobile red envelope apps.
About 75 percent of Chinese people are planning to give digital red envelopes of gift money as they welcome the Year of the Rooster, a significant increase from last year's 30 percent, according to an annual study on consumers' spending intentions.
The exponentially expanding appetite of Chinese mainland capital for international real estate assets reached a record high in 2016 - and is likely to continue to play a significant role in the global property market in the next few years - although more domestic capital may look at opportunities on the mainland in 2017, a leading real estate services providers said.
Samsung Electronics Co's profit more than doubled in the last quarter of 2016 on robust semiconductor sales and a recovery in its mobile business, giving it enough stamina to buy back 9.3 trillion won ($8 billion) of its own shares.
The global footprint of AMC Entertainment Holdings Inc, the US movie-theater chain owned by Dalian Wanda Group, is getting bigger.
I had not expected my masseuse to be so insightful.
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