The sharing economy does not just involve bicycles, taxi rides and accommodation. Shared parking space has also recently become a huge market in major Chinese cities.
Ziroom, a Chinese app similar to Airbnb but for long-term rentals, is planning to use individual credit ratings of users, rather than cash deposits, to authenticate leasing transactions.
Ascott, which operates serviced residences internationally, will expand faster in China. It will manage 20,000 serviced apartments this year, three years ahead of schedule, the company's top management said.
The next five to 10 years will turn out to be golden age in the annals of the Chinese defense-related industry as more financial and technical resources will flow from the civilian side, market insiders said.
SHANGHAI - Rising demand for wealth management tools from individual and institutional investors alike, and expanding financing channels for enterprises, will make China's asset management segment one of the fastest-growing sectors in the global capital market.
In his speech at the opening of the 19th National Congress of the Communist Party of China in October, President Xi Jinping said ancient China was a great nation.
When Bernard Charles lands in Beijing, one of the first things he does is to open his WeChat account.
Marks & Spencer is going through a crucial period of transition after announcing it would close its 10 stores in major Chinese cities.
Chinese companies are expected to dominate the global aircraft leasing market with a 35 percent market share by 2022, according to a new report.
Internet companies are drumming up business for Singles Day by expanding the selection of international brands to Chinese consumers. Ahead of the shopping festival during this weekend, companies are scrambling to position their products in the online shop window.
Five out of six companies' applications to go public were rejected early this week, according to a circular by China Securities Regulatory Commission, sparking discussions about whether the assessment committee is getting "stricter".
Internet giant Tencent Holdings Ltd said on Wednesday that it would continue to make all-out efforts to reinforce the development of artificial intelligence-powered smart vehicles, which could eventually pave the way for its entry into the autonomous driving segment.
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Raymond Zhou
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Chen Weihua
