CITIC Telecom CPC, a carrier owned by China's State-owned investment company CITIC, has completed the acquisition of Linx Telecommunication BV, an Amsterdam-based telecom provider.
Local governments will no longer be allowed to take steps that favor preferred enterprises in their region, as China steps up its efforts to ensure fair market competition for businesses in the country, officials familiar with the matter said on Wednesday.
The Hong Kong Special Administrative Region government may widen the ambit of profit tax exemption in the region to include the non-renminbi sovereign bonds issued by the central government, Paul Chan Mo-po, the city's financial secretary, said.
China is expecting the output of its environmental protection equipment manufacturing industry to reach 1 trillion yuan ($150 billion) by 2020, as the country presses ahead with its green development plans.
Airbus Group SE said it plans to deliver more aircraft to carriers in the Asia-Pacific region from its Tianjin assembly and delivery center, and make the facility an industrial base for the company in Asia.
Tesla Inc is conducting a nationwide campus recruitment drive in China as part of its efforts to get better established in the world's largest new energy car market.
China's real economy has staged a recovery in recent months, with the latest regional economic indicators indicating that high-tech and strategic emerging industries are fueling growth momentum in areas where the service industry largely rules.
China's first listed bike-sharing company, Changzhou Youon Public Bicycle System Co Ltd, announced its acquisition of Hellobike on Tuesday, acquiring the Shanghai-based bike-rental brand to expand its presence in the fast-growing market.
The Ministry of Finance will kick-start its plans to issue US dollar-denominated sovereign bonds worth $2 billion by holding investment and financing discussions with potential investors in Hong Kong on Wednesday.
Consumers who are anticipating cheaper prices for products during the upcoming Nov 11 shopping festival may not necessarily find them online, a new study said.
Leading Chinese artificial intelligence company, iFlytek Co Ltd, has announced it will set up a 1.02 billion yuan ($150 million) fund to support software and hardware developers. The move is part of its broad push to accelerate the application of AI in consumer electronics, healthcare and other industries.
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