This year's travel rush during Spring Festival, or chunyun, reached its peak days before the Chinese New Year, with passengers finding it particularly hard to hail a taxi or ride-sharing car. In most cases one had to pay drivers extra money to be picked up by ride-sharing cars; and even these offers were at times unanswered, fueling concerns that drivers were "spoiled" by Didi Chuxing, the most popular mobile transportation services platform, and its rivals and now they only take passengers offering generous bonuses.
Spring Festival means happy family reunions for most Chinese people. But for parents that have lost their only child, the festival is a time of sadness as it only reminds them their loss.
The Chinese-funded luxury electric car startup Faraday Future said on Friday that it remains committed to its $1 billion plant plan in Nevada, but will build the factory in phases and start with a much smaller facility.
The US Commerce Department on Thursday stepped closer to placing duties on imports of stainless steel sheet and strip from China, issuing a final determination that the products were being subsidized and dumped in the US market at below fair value.
After the past three years of growth, instant messenger WeChat's red packets - or hongbao in Chinese - have become one of the most prevalent and popular aspects of the Spring Festival.
A company based in the province of Guizhou said it has invested 30 million yuan ($4.37 million) in 11 Indian projects to improve key infrastructure in the southeastern state of Andhra Pradesh.
JD.com Inc, China's second-biggest e-commerce player, said on Friday it is carrying out work related to financial service licenses, after media reports said the internet giant is willing to cooperate with a domestic traditional bank to open a direct bank, engaging in direct banking business as a separate legal entity.
Snap Inc, the maker of the disappearing photo app Snapchat, filed for an initial public offering, the first social-media company to do so since Twitter Inc more than three years ago.
The Chinese mainland stock market slumped slightly and its transaction volume reached a two-year low on Friday, the first trading day in the Year of the Rooster, as a result of profit-taking and investors' sentiment affected by uncertainties arising during the seven-day holiday, said analysts.
Chinese property developers investing in new ventures outside their core business are hurting the market value of their bonds.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
