HONG KONG/RIYADH/DUBAI - China is creating a consortium, including State-owned oil giants and banks and its sovereign wealth fund, that will act as a cornerstone investor in the massive multibillion dollar initial public offering of Saudi Aramco, people with knowledge of the discussions said.
China's manufacturing sector is set to climb the adoption curve of cloud computing and artificial intelligence this year, after the service industry reaped early gains from the internet, said Pony Ma, chairman of Tencent Holdings Ltd.
Chinese smartphone vendor Xiaomi Corp, best-known for its online sales strategy, said on Wednesday that it aims to generate 70 billion yuan ($10.2 billion) in revenue from its bricks-and-mortar stores in the next five years.
HONG KONG - CDH Investments Fund Management Co is working with the management of shoe retailer Belle International Holdings Ltd on a buyout that could be the largest-ever such deal for a Hong Kong-listed consumer company, sources said on Wednesday.
A top executive of chemicals, pharmaceuticals and life sciences multinational Merck Group said that its life science customers in China now order twice the levels ordered by customers globally, and it was poised to harness the Chinese e-commerce fever to boost that performance to even greater levels.
Some 500 Chinese sturgeon were released on April 8 into the Yangtze River in Hubei province in central China, as part of the ongoing repopulation program to boost the critically endangered species' flagging numbers in the wild.
Poverty alleviation measures have been updated with more big data technology and cloud computing systems in Guizhou province in southwestern China - to better target those in need.
China's massive urbanization and green transformation has helped Danfoss, Denmark's largest industrial group, to report its strongest growth in six years in 2016, according to its China president.
Countries and regions along the Belt and Road have emerged as China's dynamic trade partners as seen from this year's spring Canton Fair, or 121st China Import and Export Fair, where more than half the foreign buyers and exhibitors came from Belt and Road economies.
Daqing, a resource-rich city in Heilongjiang province, is transforming its growth pattern from an overreliance on oil to a more diversified industrial system.
BEIJING - Chinese stadium builder Lander Sports said late on Sunday it was terminating plans to buy a stake in English soccer club Southampton, citing uncertain factors wrought by changes in China's securities market and policies.
Ant Financial Services Group has raised its agreed offer for electronic payment firm MoneyGram International Inc and the deal was unanimously approved by the US firm's board, outbidding rival Euronet Worldwide Inc.
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Raymond Zhou
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