South Korea's Innisfree launches smart stores

Bestselling South Korean cosmetics brand in China, Innisfree, is partnering with Alibaba Group Holding Ltd to open the first smart store in the beauty industry, as announced by the two parties on Wednesday.

Turkmenistan opens first China visa center

Turkmenistan's first visa center in China opened Wednesday in Beijing to supplement the traditional visa application process at the embassy, as the country grasps tourism opportunities brought by the Belt and Road Initiative.

Xiaomi soars on dual-class shares deal

Mainland stock exchanges and the Hong Kong stock exchange have reached an agreement on adjusting Stock Connect inclusion arrangements for the Hong Kong listed firms with dual-class share structures, sending Xiaomi shares surging.

BGI officials hike equity stakes as prices fall

Chinese genomics giant BGI, known as the Beijing Genomics Institute previously, announced on Tuesday that seven of its executives have decided to increase their equity holdings in the company, after a two-day stock slump triggered by a series of reports attacking its credibility.

GAC plans Detroit R&D center

Guangzhou Automobile Group Co Ltd, known as GAC, said it expects to create 62 jobs at a $4.45 million research and development facility it is building in the Detroit suburb of Farmington Hills in the United States.

Young fish released into Dalian seas

Thirty employees of Dalian Ocean Fishing Co Ltd and more than 100 environmental volunteers released 100,000 young olive flounder on July 7 in Lyushunkou district of Dalian, Northeast China's Liaoning province.

Wanda to extend Danzhai village project

Dalian Wanda Group plans to donate 500 million yuan ($74.83 million) to support the second phase of construction of the Danzhai Wanda village.

Samsung to invest $22m in rural initiatives

South Korean technology giant Samsung Electronics Co Ltd will invest 150 million yuan ($22.5 million) in poverty alleviation, education and helping people with disabilities in rural areas of China.

GoalBlue sponsors seed planting program

Chinese public service organization GoalBlue (Shenzhen) Low Carbon Development & Promotion Centre has joined up with the French embassy to raise children's awareness of environmental protection by sponsoring a seed planting program in China.

IN BRIEF (Page 18)

Global ambitions taking shape

China Duty Free Group, a unit of mainland's State-owned tourism giant China National Travel Service Group Corp, has added the finishing touches to its Hong Kong venture, a move that adds flesh to the bones of its global ambitions.

TV maker Konka expanding into chip sector

Electronics manufacturer Konka Group Co Ltd is expanding into the semiconductor sector and increasing research and development investment, as it seeks the higher returns of the intelligent white goods segment.