Chinese e-commerce giant JD will lay off 10 percent of its senior executives above vice-president level this year, as the company looks to maximize its resources, as well as enhance its corporate governance.
Xiaomi Corp is intensifying its efforts in the premium segment, as it works hard to introduce high-end components and engineering techniques to its latest smartphone models in order to rival players such as Huawei Technologies Co Ltd.
Technology duo Alibaba and Tencent continued their investment momentum in the new year as the deep-pocketed pair continue to seek new opportunities beyond their home turf.
Cheng Minggui, a retired State-owned enterprise worker from Huangshan, Anhui province, is showcasing to the family his "friend", who accompanied him and his wife during their five-nation trip across Europe this Spring Festival.
China's coalbed methane industry has lagged behind developed countries in the past decade in terms of exploration and development, but industry insiders said the country's surging gas demand and ongoing industry reform will accelerate the sector's commercial development in the coming years.
Global coalbed methane company Greka Group said it is optimistic about its business prospects in China.
The outline development plan for the Guangdong-Hong Kong-Macao Greater Bay Area will inject new impetus into tech companies in the region, play an important role in driving scientific and technological innovation, and deliver significant benefits to some emerging industries, innovative businesses and experts said.
Financial ties among Guangdong, Hong Kong and Macao will be further strengthened through promoting cross-area trading connections and financial innovation, said analysts, after the central authorities issued a comprehensive development plan for the Greater Bay Area.
AlipayHK is poised to ride on the wave of the newly released outline for the Guangdong-Hong Kong-Macao Greater Bay Area megaproject, amid hopes of a broader scope for its mobile payment service within the would-be super powerhouse in the Pearl River Delta.
Hong Kong entrepreneur Allan Zeman has given his endorsement to the newly released outline for the development of Guangdong-Hong Kong-Macao Greater Bay Area, stating that it is the future for Hong Kong.
As China is likely to create a giant oil and gas pipeline company this year as part of the nation's effort to reform the State-owned petroleum industry, insiders believe the move will shake up the petroleum sector and break the monopoly in the oil and gas sector.
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