Startup VIPKID raises $500m

Chinese online education company VIPKID confirmed to China Daily on Thursday that it has raised $500 million in its latest round of financing, which is the world's largest-ever fundraising in the online education sector.

Xiaomi confirms $6.1b HK float target

Chinese mainland smartphone maker Xiaomi announced it aims to raise $6.1 billion in its blockbuster Hong Kong listing this July.

Electronics recycling platform Aihuishou eyes overseas growth

Aihuishou.com, one of China's largest electronics recycling platforms, plans to build a global online marketplace for trading secondhand digital items, marking an initial move to make inroads into overseas markets.

Cyber celebrity industry booms

China's online celebrity industry expanded in 2017 and social media personalities are becoming even more skilled at converting their influence into cash, a report said.

B&R initiative boosts Sino-Japanese links

The 40th anniversary of the signing of the Sino-Japanese Treaty of Peace and Friendship is expected to help the two countries improve their bilateral relationship by exploring potential cooperation under the Belt and Road Initiative, a white paper said.

European firms enjoy strong sales in Chinese market

European companies operating in China delivered strong financial results last year, with 66 percent of such companies reporting higher sales in 2017 than 2016, according to a report released on Wednesday.

Retail sector embraces sustainability

Sustainable development can strengthen relations between customers and brands, deepen employee loyalty and create branding opportunities for retail firms, a survey report revealed.

JPMorgan sets up healthcare social worker program

Global financial services firm JPMorgan announced a healthcare social worker training program at the beginning of June that aims to address labor shortages in China's healthcare industry.

CEOs pledge to stub out smoking

Senior executives of companies in Shanghai's Lujiazui district, known as the "Wall Street of China", pledged to create a smoke-free working environment last Wednesday.

Beijing Fund Town donates to children's center

Beijing Fund Town, a government-backed fund industry cluster in the capital's Fangshan district, has established its first official charity fund and donated 1 million yuan ($154,000) to the Fangshan Children's Welfare Center.

IN BRIEF (Page 18)

A shares down on trade row

Chinese stocks plunged on Tuesday on fears related to the rapidly escalating trade tensions between Washington and Beijing, but economists said investors were overreacting as the impact of the trade war will likely be limited and China will maintain steady and healthy economic growth.