NANCHANG - In an attempt to find a shortcut to an IPO, Chinese companies are breaking with tradition and moving from big coastal cities to small inland towns. VST Automotive Navigation Co Ltd is one of the firms seeking to benefit from fast-track IPOs intended to help tackle poverty.
Tencent Holdings Ltd is making a fresh bet in expanding its music portfolio and footprint by leading an investment in an Indian music streaming service.
The country's second-largest e-commerce site JD has officially opened its Australia and New Zealand headquarters in Melbourne, Australia as it accelerates expansion in overseas markets amid fierce competition from Alibaba Group Holding Ltd and Amazon.com Inc.
For Zhejiang Geely Holding Group, even the sky is no limit to its ambition, literally. The Chinese carmaker, which made headlines last week by becoming the largest shareholder in Mercedes-Benz owner Daimler, is to produce flying cars in China.
The average annual income of expats in Shanghai was $202,200 last year, more than double the global average and much higher than other Asian cities like Hong Kong, Singapore and Tokyo, according to the 2017 Expat Explorer survey by HSBC that was released on Tuesday.
China will likely maintain a steady growth rate of above 6.5 percent in two years, with economic deleveraging and preventing financial risks top priorities for the government, a report said on Tuesday.
China Mobile Communications Corp aims to build the world's largest 5G trial network and will start tests in five Chinese cities this year, according to the company's chairman.
HAVANA - Sales of Cuban premium cigars increased in China by 33 percent last year compared with 2016, showing China has become the main emerging market for Habanos SA, the company that commercializes the exclusive Cuban cigars.
Anti-dumping and anti-subsidy duties on white-feathered broiler chickens from the United States have been removed from Tuesday, said the Ministry of Commerce.
The country's food delivery market is edging closer to duopoly amid a rumored deal that would pit the nation's top two internet firms in direct competition.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
