Fosun International Ltd announced a senior management shake-up alongside its annual results in Hong Kong on Wednesday, following resignations of two top executives on Tuesday.
Tencent Holdings Ltd's investment in electric car maker Tesla Inc, announced on Tuesday, highlights the internet giant's strategic focus in artificial intelligence-backed applications, notably in the realm of smart vehicles, experts have said.
Chinese banks will continue to experience profitability and asset quality pressures this year, analysts said on Wednesday.
Beijing Mobike Technology Co Ltd on Wednesday announced it is expanding its business links with WeChat, China's largest social networking platform, in a move that will allow the bike-sharing startup to access the latter's huge user base.
International Data Group - the US-based owner of PC World magazine as well as market researcher IDC - said on Wednesday that it will expand its business portfolio and its foray into big data and the mobile internet sectors, after it was acquired by a consortium made up of China Oceanwide Holdings Group Co and China-based IDG Capital.
In traditional Chinese culture, one undergoes a 12-year cycle to reach his or her zodiac year of birth. In order to appease the God of Age, people are advised to pay special attention to avoid misfortune in their life every 12 years.
Alipay was created in 2004 as a tool to allow transactions on Alibaba's Taobao e-commerce site. But it has enjoyed exponential growth since, by introducing a string of financial products and services.
A wave of blockbuster deals in China has driven global investment in fintech, according to a study by consultancy Accenture.
The central authorities said on Tuesday that more financing will be made available to manufacturers, as the country aims to move the sector up the value chain.
China Southern Airlines Co signed an agreement on Tuesday to sell a minority stake to American Airlines Group Inc for $200 million, in a deal which links top carriers in the Asian and US markets.
Hong Kong-based MTR Corp has significantly expanded its presence in the United Kingdom rail sector, as a partner in a consortium that won a seven-year and 2.6 billion pound ($3.3 billion) contract to run one of Britain's busiest and largest commuter networks.
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Raymond Zhou
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