Xiaomi Corp plans to go public in the second half of 2018, reportedly seeking a valuation of up to $200 billion, as the smartphone firm steps up its globalization efforts.
China will form a number of ultra-large coal mining companies by the end of 2020 as part of its efforts to streamline the bloated sector and cut outdated capacity, according to the country's top economic regulator.
Petro China North China Petrochemical Company, a unit of China National Petroleum Corporation, will supply 1.7 million metric tons of aviation turbine fuel (ATF) to the new international airport in Beijing from 2019, according to a company official.
On a cold winter evening in Beijing, Cai Yi, 26, an auditor, spent several minutes indulging in his favorite pastime - watching live-streaming of a cosplay dance show on Bilibili, a popular Chinese video-sharing website.
Migu Co Ltd, a subsidiary of China Mobile Communications Corp, is targeting Chinese teenagers with digital content in the form of products covering various fields like anime, comics and (video) games, or the ACG genre.
The business of mobile games continues to grow strongly in China, according to a recent industry report.
Around supper time one evening this winter, machines at a tea factory in Xiadang, a small village surrounded by mountains in north Fujian province, were still rolling.
Rapid development of financial technologies, or fintech, has innovated ways of achieving inclusive finance, but it has also brought in its wake new challenges on the regulatory front, industry insiders said.
A 20-minute ride on a steamboat from the wharf of the Sandu Gulf port area in Ningde, a coastal city in Fujian province, is all that is needed to reach the fishery owned by fisherman Zheng Xiangan, 39, who has just received about 1 million yuan ($154,000) from consumers and fish sellers through a local bank's mobile app.
Even without launching a single drug, BeiGene Ltd, a Chinese commercial-stage, research-based biopharmaceutical company listed on the Nasdaq Stock Market, saw its share price surge 220 percent last year, from $30 to $97.
BEIJING - China is just past a difficult year in 2017. Beginning this year, it is on a new journey toward a more efficient and open economy.
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Raymond Zhou
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