South Korean conglomerate Lotte Group said on Thursday that it expects to sell its Lotte Mart stores in China by the end of this year.
The Chinese mainland will soon issue $2 billion in US dollar-denominated sovereign bonds in Hong Kong, the Ministry of Finance announced on Wednesday, a move to encourage foreign exchange to flow into the onshore market amid a further opening of the financial sector.
China is establishing a database for companies to better manage corporate bond issuance risks, according the nation's top economic regulator.
Alibaba Group Holding Ltd announced on Wednesday the launch of a global research academy that it hopes will join the ranks of, and potentially outrival, Bell Labs and Microsoft Research.
Just one month before China's online version of Black Friday, leading Chinese delivery firms Zhongtong Express and Yunda Express have both announced plans to raise delivery fees amid pressure from rising operational costs.
Shanghai aims to become an investment and financing hub for markets involved in the Belt and Road Initiative and a global renminbi financial services center, said city authorities on Wednesday.
Huawei Technologies Co Ltd has scored a point in its patent dispute in China with its rival Samsung Electronics Co Ltd, which may weigh down on the South Korean company's business in the world's largest smartphone market, experts said.
China's expenditure on technology research and development rose 10.6 percent to 1.57 trillion yuan ($238.1 billion) in 2016, the fastest annual growth since 2014, as the nation increases its investment in new driving forces to stabilize the economy.
Chinese popular video-sharing site Bilibili, which boasts the largest group of young Chinese fans for anime, comics and gaming, is reportedly planning an initial public offering in the United States that could raise at least $200 million.
Major e-commerce giants have increased efforts to recycle increasingly expensive cartons and promote the use of sustainable, greener packaging materials.
China released revised regulation on securities insurance and underwriting on Tuesday that gives insurance funds priority to subscribe to new shares offline, a move to benefit the public and improve market-oriented stock pricing.
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