The nation's top economic regulator allowed 40 companies to raise debt from overseas markets in July as part of its efforts to stabilize foreign debt issuance and avoid introduction of steps that would curb the fundraising needs of property developers.
Having opened two of its largest stores in the world on the Chinese mainland within the past year, Starbucks said on Thursday it is partnering with Alibaba-backed food delivery platform Eleme to allow millions of Chinese customers to enjoy "coffee culture" outside of its retail spaces.
US electric carmaker Tesla Inc is planning to build its wholly-owned plant in Shanghai mainly with local debt, with construction expected to start within the next few quarters, the company said in its second-quarter earnings statement released on Thursday (Beijing time).
VIPKid, China's largest online education startup, announced on Wednesday that it will expand its business to 10 cities globally, expanding overseas right after a fresh round of financing in late June.
Farming drones from China may soon be buzzing across British fields as a result of a new partnership between Chinese agricultural technology company XAG and Harper Adams University in the United Kingdom.
Ralph Hamers, CEO of Dutch multinational banking and financial firm ING Group, said technology is a crucial part of the company's DNA.
MILAN - Italian luxury goods house Prada on Wednesday reported a return to net profit growth, following four years of threadbare results, as its strategy of targeting younger fashionistas paid off.
Some US companies are starting to notice the potential toll of tariffs on their costs and earnings, as are some consumers.
GUANGZHOU - Being certain that his products are subject to tariffs newly levied by the United States, Wu Tianwen reaffirmed his determination to explore opportunities in Asian and European markets.
China National Offshore Oil Corp's liquefied natural gas terminal in the southern city of Shenzhen became operational on Wednesday, to help meet China's growing appetite for natural gas as the government sees a growing role for the clean fuel as a major source of energy.
Beijing Automotive Industry Corp, one of China's five major automakers, is expected to have an annual production capacity of 50,000 vehicles at its South Africa plant by the end of 2019, said its top executive.
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Raymond Zhou
Op Rana
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Chen Weihua
