China is approving foreign drugs at a record speed, which industry sources said shows the country's commitment to further opening up its healthcare sector and supporting innovation.
Chinese ride-hailing giant Didi Chuxing has rolled out a suite of financial and insurance services in its mobile app, as its tries to diversify its offerings and generate new streams of revenue.
Initial public offerings on the Chinese mainland's A-share market are expected to stabilize and recover in the second half of 2019, according to PwC forecasts.
Manbang Group, China's largest truck-hailing company, is expanding into the sector of self-driving truck fleets by leveraging its huge transportation data and investing in PlusAI Inc, a startup focusing on driverless cargo vehicles.
NEW YORK - Downside risks persist for crude oil following a 2018 year-end rout in both benchmark prices, despite a pledge led by the Organization of Petroleum Exporting Countries to cut output this year.
Kweichow Moutai Co Ltd, China's signature high-end spirit maker, has reported booming profit growth in 2018, and a robust growth plan for 2019.
Chinese internet search giant Baidu Inc has reported revenues exceeding 100 billion yuan ($14.6 billion) for last year, marking a milestone for the company's efforts to accelerate its business growth, and make breakthroughs and innovations, said Robin Li, chairman and CEO of Baidu, in an internal letter on Wednesday.
Driving in a Chinese metropolis is never easy. In cities like Shenzhen, Guangdong province, for example, more than 500 vehicles vie for space in a square kilometer. But, of late, local drivers are finding that traffic lights are becoming smarter and making their daily trips more pleasant.
China is striving to gain a lead in the global race toward building an intelligent and data-driven society, as the country has the highest number of smart city pilot projects in the world.
China Mobile Communications Group Co Ltd, the world's largest telecom carrier by mobile subscribers, is ratcheting up efforts to tap into opportunities brought by the trend of building smart cities around the country.
Foreign investors are embracing opportunities for business growth in China, thanks to a series of policies aimed at further opening its financial markets.
China's ride-sharing sector is entering a new stage, with major players stepping up measures to strengthen safety mechanisms and shifting their focus from the sole pursuit of fast expansion to quality growth, experts said.
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Raymond Zhou
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Chen Weihua
