The $11.7 billion share sale by China United Network Communications Group Co Ltd,
China's internet powerhouses are striving ahead as pioneers in a government-led reform to shake up the country's bloated State-owned enterprises.
China's moves to expand foreign companies' investment options will accelerate the upgrade of the country's economic structure and encourage many domestic businesses to deepen reform and break their monopoly operation, experts said on Thursday.
The norm of shopping online for everything from daily essentials to big ticket items in China has boosted quarterly sales to all-time high for Alibaba Group Holding Ltd.
In the wake of the US launch of an investigation into Chinese trade practices, China Export and Credit Insurance Corp, also known as Sinosure, said on Thursday that it will guarantee the interests of related Chinese export companies - based on insurance policies - and help them expand new markets.
Ikea Group plans to open three new stores in China in its new financial year, which has just started, the head of the Swedish furniture and home accessories group in China said on Thursday.
Your senses are bombarded by a rainbow of colors when you click on to the Merck Group website.
Uber Technologies Inc is in exclusive talks to line up funding from four major investors.
China United Network Communications Group Co Ltd, the country's second-largest mobile carrier by subscribers, has agreed to raise a total of 78 billion yuan ($11.7 billion) from strategic investors, as part of the Chinese government's push to rejuvenate State-owned enterprises with private capital.
China has reclaimed the position as the biggest foreign holder of US sovereign debt after boosting its holding for a fifth consecutive month with a strengthened yuan and eased capital outflow pressures.
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