Xiaomi Corp is reportedly acquiring Youmi, a South Korean retailer, as the Chinese smartphone maker looks to compete with Samsung Electronics Co Ltd on the latter's home turf.
With four months of operation, Shanghai Andersen Paradise is ready to expand its experience to other cities in China by signing a strategic cooperation agreement with the Royal Danish Consulate in Shanghai on Wednesday.
NANNING - It is the busiest time of the year at Nguyen Thien Kam Wan's store in Dongxing, a Chinese border city. Ahead of Singles Day, the Vietnamese businesswoman has been shipping Vietnamese specialties to Chinese buyers, who placed orders for more than 2,000 bags of dried jackfruit alone.
Ties between China and the United Kingdom are not confined to political discussions at the government level, but also percolate down to the regional level with the involvement of individual businesses and people, officials from the two countries said.
Chinese companies in the service sector saw stronger profit growth in the first three quarters thanks to rising demand for services and steady price rises, data from the National Bureau of Statistics showed on Tuesday.
Chinese home appliance maker Hisense Group said on Tuesday that it was acquiring the television business of struggling Japanese conglomerate Toshiba for 12.9 billion yen ($113.44 million) to further expand its overseas business.
Foreign direct investment in China's non-financial sectors grew 1.9 percent year-on-year between January and October to 678.7 billion yuan ($102.19 billion), the Ministry of Commerce said on Tuesday.
BOE Technology Group Co Ltd plans to ramp up its efforts in the internet of things sector by utilizing display, sensor, artificial intelligence and big data technologies, as well as working with partners in computing, storage, software and other related equipments to build an industry ecosystem.
Shanghai is looking to become China's hot-spot for artificial intelligence and wants to expand the industry scale in the city to more than 100 billion yuan ($15.06 million) by 2020, according to a new municipal plan issued on Tuesday.
China's newly launched cabinet-level committee, in charge of financial stability and reform planning, is expected to take responsibility for coordinating monetary, fiscal and industrial development policies, to better serve the real economy while avoiding conflicts.
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Raymond Zhou
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