Real estate developers from China are shifting their focus to property management, which is tipped to reach a market size of 1 trillion yuan ($141.9 billion) in five to 10 years, even as low sales, crimped financing options and tightening policies continue to plague the sector, industry experts said.
China, the world's second-largest economy, is actively embracing the burgeoning e-commerce sector, generating 4.82 trillion yuan ($683 billion) in online retail sales during the first six months of this year.
Enthusiasm for new game titles and the development of industrial software are the key factors that will determine the future financial health of tech giant Tencent Holdings Ltd following the release of the company's second quarter earnings.
LOS ANGELES - Tencent Music Entertainment Group, one of China's largest media companies, is mulling a purchase of 10 percent of music monolith Universal Music Group, UMG's parent company Vivendi reported.
Liaoning, a province in Northeast China known as one of the country's heavy industrial bases, will introduce more measures to improve its overall business environment and develop its high-tech sector to make it more appealing to both foreign and domestic investors.
As rising labor costs and a mounting demographic crisis drive up global demand for both industrial and service robots, Siasun Robot & Automation Co, China's largest robot maker by sales revenue, plans to boost its innovation and manufacturing presence in more countries to tap the growing demand for "automated workers".
China (Liaoning) Pilot Free Trade Zone will undertake more market-oriented reforms to reinvigorate the old industrial heartland in the country's northeast region and deepen trade ties with economies in Northeast Asia and Europe, said officials.
JD Logistics, the logistics arm of Chinese e-commerce giant JD, which had previously reported losses in its operations, has broken even.
Chinese business software specialist Kingdee International Software Group is ramping up efforts to develop cloud services despite losses and intense competition as it strives to grasp the opportunities brought about by the digitalization of Chinese enterprises.
Nighttime tours and performances are becoming increasingly popular in China, as rising daytime temperatures are cooling the fervor for visiting popular tourist spots and other attractions, a new report said.
Interroll Group, a Swiss manufacturer of products for material handling logistics and automation, such as rollers and sorters, said it remains confident on the huge growth potential in China and will continue to increase investments, triggered by robust demand from the express delivery market in the country.
China's pharmaceutical industry is undertaking a critical transformation toward high-quality and innovation-focused development, reflected by the explosion of new drug and clinical trial approvals in recent years, according to global consultancy firm McKinsey.
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Raymond Zhou
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