Xiaomi banking on new smart ACs

Chinese tech company Xiaomi Corp has unveiled a new smart air conditioner in its latest effort to expand its smart product portfolio, but industry insiders warned traditional home appliance manufacturers have the upper hand and richer experience in their own sector.

JD gets nod for Allianz China stake

E-commerce giant JD has received the regulatory nod to buy a 30 percent stake in the Chinese unit of global insurance company Allianz SE, furthering its push into the country's financial services sector.

Education tech firms join overseas listing frenzy

Following in the footsteps of financial technology and online entertainment companies, educational technology firms are the latest emerging segment in the Chinese tech scene to join in the outbound listing frenzy this year.

Facebook-related stocks soar on Hangzhou hub plans

Chinese companies that have business dealings with Facebook Inc saw their shares surge on Wednesday after the United States-based social networking heavyweight confirmed it has set up a local unit.

Guangxi offers support to cross-border traders

The Guangxi Zhuang autonomous region in South China, neighboring Vietnam, is encouraging individual border traders by lowering taxes and reducing the cost of goods, as part of the region's wider poverty-alleviation efforts.

Clean energy projects to aid poverty relief

China General Nuclear Power Corp will invest 1.63 billion yuan ($240 million) to develop clean energy projects in 12 impoverished areas across the country to promote poverty alleviation.

IBM provides training in innovation

IBM sent a team of experts to Chengdu in Sichuan province for four weeks to offer entrepreneurship and innovation training and support to local companies and institutions.

CWDF water program gets $2m grant from PepsiCo

PepsiCo Inc offered a $2 million grant in June to the China Women's Development Foundation or CWDF to support its new initiative, the Water Cellar for Mothers-Green Village program.

IN BRIEF (Page 18)

Citi to export China success

Citigroup Inc's consumer banking franchise is undergoing a digital transformation in China, and is looking to use that experience in other markets, according to the head of consumer banking at Citi China.

Tech adoption underpins positive outlook

Chinese companies' embrace of new technologies has given them a more positive outlook on their development prospects, according to global market consultancy EY's Growth Barometer report released on Tuesday.

Tower operator plans $8.7b blockbuster Hong Kong IPO

Mainland's telecommunications tower operator China Tower is looking to open the retail book for its HK$68.1 billion ($8.7 billion) IPO on Wednesday in Hong Kong.