IN BRIEF (Page 18)

Ant sets sights on mobile pay dirt in Malaysia

Ant Financial Services Group plans to roll out a mobile payment service in Malaysia based on Alipay as it bids to expand into the lucrative Southeast Asian market.

New TCM center to bring traditional methods to Dubai

A traditional Chinese medicine center will be built in Dubai, bringing a new treatment option to the Middle East.

Yuan-based funds end up dominating capital raising, reveals PwC

Yuan-denominated private equity and venture capital funds accounted for over three quarters of the capital raised in the mainland PE and VC markets last year.

Modernization has paid off for the coal industry

Coal industry profits in China are expected to remain high in the second half of the year, thanks to government efforts to cut excessive capacity and the stable growth of the overall economy, said experts.

Chinese firms ascend global rankings

BEIJING - Chinese firms continue to ascend global rankings as their competitiveness grows with the country's transitioning economy. The Fortune Global 500 list is seeing a China boom this year, the renowned magazine said on its website.

New mega medical imaging plant rises

Shanghai United Imaging Healthcare Co Ltd, a company specializing in developing and manufacturing advanced medical products, said it is focusing on its plans to invest 2.2 billion yuan ($323 million) in three phases to build the world's largest medical imaging equipment manufacturing plant in southwestern Guizhou province by 2020.

'Credit cities' make inroads in China

HANGZHOU - Zhang Hao found a job at a securities company in the eastern city of Hangzhou after graduation.

Outbound M&A bounces back in Q2

BEIJING - China's outbound mergers and acquisitions rebounded in the second quarter of this year with deal value increasing 148 percent quarter on quarter, according to an industrial report. Chinese investors returned to the deal table in the April-June period after a lukewarm first quarter and were the second most acquisitive cross-border nation by value with 94 deals totaling at $35.9 billion, according to international law firm Baker McKenzie's Cross-Border M&A Index.

LNG imports soar in first half

China significantly ramped up imports of liquefied natural gas in the first half of the year, as part of broader efforts to clean up its coal-dominated energy mix.

Global fund managers betting big on A-shares

International asset managers said they were dynamically rebalancing their portfolios to invest in Chinese mainland's A-shares after the recent MSCI inclusion, with investment capital expected to pour into the world's second biggest equity market by capitalization - currently valued at $7 trillion to $8 trillion.

Game of cultural exports gets exciting and controversial

BEIJING - King of Glory, China's megahit mobile game, faces a domestic backlash over young players' addiction, but its march to the global market goes on unabated.