BEIJING - Affiliates of Baidu Inc, Alibaba Group Holding Ltd and Tencent Holdings Ltd, known collectively as BAT, are becoming strategic investors in Foxconn Industrial Internet Co Ltd.
Chinese coworking startup Kr Space announced it will open 12 new centers that will cover a total area of 100,000 square meters in Beijing and Shanghai within the next 100 days, taking advantage of the opportunities arising from the burgeoning industry.
BEIJING - As China's manufacturing sector increases the scope and pace of its opening-up, domestic industries are expected to upgrade themselves while foreign companies, too, eye many benefits, industry experts said.
The Chinese real estate industry will continue to see heightened consolidation till 2020, industry insiders said.
Chinese consumers have taken a fancy to novel dairy products such as creamy, sweet, flavored yogurt and yogurt-based drinks.
BEIJING - China has taken solid steps in lowering import tariffs, sending out a strong signal it will keep its promise of further opening-up.
The stock-market regulator's approval rate for initial public offering or IPO applications plunged in the January-May period as quality-oriented tighter regulations took effect, experts said.
Staff at some securities brokerages in China appear to be in for hard times as their employers are said to have cut salaries as well as human resources, after the business related to initial public offerings or IPOs began to shrink, industry sources said.
In Western mythology the most famous horse is that of Troy, the giant wooden ruse that the Greeks used to wrong-foot their enemy.
The young man - or per-haps an old adolescent - is visibly tired: sitting on a stool with head buried in his lap and his forehead rested on one arm, he confronts the viewer with a full crop of exuberant curls.
Industry veteran Jack Howell has taken on leadership positions in Asia's insurance sector for more than a decade. Seeing that the burgeoning insurance market in the region is underpinned by the rise of the middle class, the CEO of Zurich Insurance Asia-Pacific is looking to enhance the group's presence in its existing markets.
Editor's Note: This year marks the 40th anniversary of China's reform and opening-up. China Daily interviewed top executives of well-known multinational companies for their views on the country's socioeconomic development.
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Raymond Zhou
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