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Business

Roadstar.ai plans self-driving fleet, services expansion overseas

[2019-01-23 07:25]

Chinese self-driving startup Roadstar.ai said it plans to produce at least 100 self-driving vehicles this year, offer ride-hailing services and expand its presence in overseas markets, such as Japan, Europe and North America.

Data helping to shape urban development

[2019-01-23 07:25]

As recently as 1990, just a quarter of Chinese lived in urban areas. But by the end of 2017, that had shot up to nearly 60 percent. It's the largest urbanization ever seen in history, requiring whole new cities built where there were once small villages.

Provinces swap coal for renewable energy

[2019-01-23 07:25]

Two of China's most coal-rich provinces, Shanxi and Heilongjiang, are stepping up their development of new energy in a bid to reduce coal consumption and curb air pollution.

Huawei ups global push with first Oman store

[2019-01-23 07:25]

Chinese technology giant Huawei Technologies Co Ltd has opened its first independent store in Oman, a Middle Eastern country, part of its latest push to become the world's biggest smartphone maker.

CGN in sourcing deal with Rolls-Royce

[2019-01-23 07:25]

China General Nuclear Power Group has initiated discussions with British engineering company Rolls-Royce over its nuclear plans in the United Kingdom, just days after Japanese company Hitachi pulled out of plans to build a new power station in North Wales.

TV-makers push high-tech sets to win back customers amid revenue slump

[2019-01-23 07:25]

The domestic market is expected to sell 48.51 million TV sets this year, up 1.6 percent year-on-year, with consumers favoring large 8K screens with higher resolutions and new-generation display technologies, an industry report said.

Innovation on the rise, as companies ramp up their spending on R&D

[2019-01-22 07:53]

Chinese enterprises are emerging as first-tier international players, with huge strides in research and development, but more efforts are needed if they are to continuously grow their technological prowess, said experts.

Micro firms handed a boost, thanks to new breed of private banks

[2019-01-22 07:53]

Things for Peng Jindong's small e-store, which mainly sells street-dance wear on the leading Chinese online marketplace Taobao, first took off when he obtained a non-collateral credit line of 1 million yuan ($148,000) a few years ago from Zhejiang E-commerce Bank Co Ltd, one of the first five private banks established in China as pioneers of a pilot program.

Shanghai Free Trade Zone draws pioneer spirit

[2019-01-22 07:53]

Since its launch in 2013, the China (Shanghai) Pilot Free Trade Zone, the first of its kind in China, has become a home for opening-up, and companies are keen to test their latest innovations across the likes of banking, technology, e-commerce and medicine.