Chinese ride-hailing platform Didi Chuxing bought a controlling stake in Brazil's 99 on Thursday, Uber's main rival in Latin America's largest economy, marking the company's first cross-border acquisition on its drive toward globalization.
When was the last time you fumbled in your wallet and gave notes to the cashier?
China's first road section for testing autonomous vehicles will be launched in Beijing, said an official with the local traffic commission.
China's services sector activity expanded at its fastest pace in more than three years last December, which analysts said signals stable growth in the world's second-largest economy.
Chinese LNG prices have fallen by 33 percent in the past few days, thanks to the governmental regulation and rebalancing of supply and demand, ending the ever soaring price of the clean fuel due to China's winter gas crunch.
Northeast China's Heilongjiang province on Thursday ordered a local ski resort management committee to apologize to a private company in the sector and would punish its staff involved for "serious disciplinary violations."
Ant Financial Services Group is calling off its acquisition of US-based Money-Gram International Inc, after failing to gain approval from Washington's national security panel, which is increasingly obstructive toward Chinese investment in US firms.
China and the United States have experienced a bumpy start to 2018 as skepticism about Chinese investment and trade is clouding over Washington.
Experts warned on Wednesday that US chip manufacturer BiTMICRO's filing of a complaint against other global tech companies for infringing intellectual property rights would be counterproductive and goes against the trend of globalization.
Japan's Honda Motor Co said it is partnering with Alibaba Group Holding Ltd to develop a smart and internet-connected system, one of the latest examples of closer cooperation between carmakers and tech companies to herald the age of smart mobility.
Alibaba Group Holding Ltd announced on Wednesday the opening of another 30 Hema Xiansheng fresh food supermarkets throughout Beijing this year, as internet giants focus increasingly on the lucrative fresh-food retail sector.
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Raymond Zhou
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Chen Weihua
