Leshi Internet Information and Technology, the listed arm of technology company LeEco, expects 5.62 billion yuan ($894 million) of debts to mature this year. The debts were only a part of the company's total unpaid liabilities from financing and loans worth 9.29 billion yuan as of the end of last year, according to a statement issued by Leshi.
Mobile gaming is growing stronger in China as the millennials' purchasing power increases, according to a report.
Sohu Focus, an internet-based housing data provider, has entered the long-term apartment rental segment.
BEIJING - China's vast market and surging demand in the aerospace sector is inspiring more European companies to strengthen their presence in the country.
Chinese travel agencies are excited about the future of customized corporate travel that involves trips for team building, conferences, exhibitions and business exploration.
BEIJING - Those involved in illegal capital market activities have reasons to be fearful in 2018 as China's top securities watchdog takes a tougher stance on market irregularities.
With the Feb 16 Chinese Spring Festival days away, shares of holiday-related companies (like producers of foods, beverage and home appliances), travel firms and financial service providers are finding favor with investors.
Wearing black-framed glasses, a T-shirt and jeans, Shi Laoban comes across as the boy next door, the one you run into on the street who is full of curiosity about life and keen to tell you about his latest discoveries - whether you want to hear about them or not.
Quiet, introverted and timid in front of strangers, twice a week she decides to hop out of her cozy cocoon, and the person who emerges, commanding center stage, is a performer named Xiao Wu, a rare woman in the tough world of Beijing stand-up comedy.
Xi Jiangyue has one of the hardest jobs of the evening. As show host he has to break the ice with what may be a demanding audience, lulling them into the right mood for the comedians who will appear later. After the pleasantries come the inevitable gags.
China has achieved the largest tax cut so far through its value-added tax reform, with the total reduction rising by 60 percent in 2017 from a year earlier, according to data released by the State Administration of Taxation.
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Raymond Zhou
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Chen Weihua
