LG Chem energizing innovation

South Korean chemical giant LG Chem Ltd has sponsored the first electric vehicle battery innovation contest for Chinese undergraduates in a bid to cultivate talented individuals and empower them to unleash the next wave of innovation in the industry.

58 Group joins poverty fight in Guizhou

Online marketplace 58 Group will provide tailored services to Zheng'an county, Guizhou province, with the aim of alleviating poverty through the integration of local industry and e-commerce.

Hilton cuts use of plastic in Asia-Pacific

Hospitality service provider Hilton Worldwide Holdings Inc has announced it will eliminate plastic straws across its managed hotels in the Asia-Pacific region including the Chinese market by the end of 2018, and transition away from plastic bottles in its conference and event spaces.

Airbnb to promote sustainable tourism

Airbnb Inc, a United States-based home-sharing service provider, has inked a partnership with Friends of Nature, a prominent NGO focusing on environmental protection issues, to promote sustainable tourism in China.

IN BRIEF (Page 18)

Internet giants in new spat

Two of China's leading internet companies have contacted the police over each other's alleged "malicious public relations maneuvers", taking the duo's monthlong friction to new heights.

Baidu eyes return to A-share market via CDR issue

US-listed Chinese internet search giant Baidu Inc said it is assessing the possibility of issuing Chinese Depositary Receipts to list in the domestic A-share market, according to documents submitted to the United States Securities and Exchange Commission.

Diageo to top up stake in baijiu maker Shuijingfang

Alcoholic spirits producer Diageo Plc said it has proposed increasing its stake in Chinese baijiu maker Sichuan Shuijingfang Co Ltd to up to 60 percent through a partial tender offer.

Subsidy cut to cool solar sector

New rules to reduce national feed-in tariffs for the photovoltaic industry will stabilize China's rapidly growing and overheating solar power sector, and make electricity cheaper for consumers in the long term, according to analysts.

Nation's clean energy endeavor bears fruit

Three homemade typhoon-resistant offshore wind turbines, among the world's most powerful, have been running at full power since mid-May in Xinghua Gulf, East China's Fujian province.

Move may lead to drop in global installations

Beijing's new policy to eliminate subsidies for most of its solar projects might lead to a drop in global solar installations and introduce short-term disruption for industry participants globally, analysts believe.

Rural areas need financial education

Financial education and fostering the financial capabilities of the public are important tasks to promote financial inclusion in China, according to academics and financial service professionals.