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Didi Kuaidi invests $100m in Uber's biggest US rival Lyft

[2015-09-18 09:37]

The ride-sharing and ride-hailing race in China was elevated on Wednesday when Didi Kuaidi, Uber Technologies Inc's biggest rival in the country, confirmed it has invested $100 million in Lyft Inc.

High-speed rail project set for US

[2015-09-18 09:36]

A high-speed railway project between Las Vegas and Los Angeles will be built by a joint venture formed by Chinese rail companies and XpressWest Enterprises, a US passenger rail service provider.

'Rate hike will have limited impact on direct investment'

[2015-09-18 09:36]

China's direct investment in the United States will continue to grow rapidly-and any interest rate hike by the Federal Reserve will likely have a limited impact on future Chinese investment.

China Electronics in talks to buy Atmel

[2015-09-18 07:56]

China Electronics Corp, the nation's largest State-owned information technology company, is in preliminary talks to acquire United States-based Atmel Corp.

Global economy worries prompt Fed to hold rates steady

[2015-09-18 07:40]

Federal Reserve keeps interest rates unchanged in a bow to worries about the global economy, market volatility and sluggish inflation.

Sinomach links with GE in clean-energy initiative

[2015-09-18 07:22]

China National Machinery Industry signs memorandum of understanding with General Electric to develop Africa's clean-energy market.

Top 10 M&A deals between China and US in 2015

[2015-09-18 06:52]

Deals between China and the United States, have gained momentum as the value of announced mergers and acquisitions (M&A) between the countries reached $4.88 billion during first eight months of this year.

Chinese-invested US high-speed rail project to start in 2016

[2015-09-17 14:57]

With $100 million in initial capital, the 370-km Xpress West high-speed railway project will connect Las Vegas and Los Angeles.

Coca-Cola restaurant opens in Shanghai

[2015-09-17 13:52]

The world's first Coca-cola themed restaurant opened to business in the Oriental Pearl TV Tower in Shanghai. The restaurant can provide Chinese, Japanese, western and East Asia foods to customers.

Uber's Chinese rival backs US rival Lyft

[2015-09-17 09:50]

The ride-sharing and ride-hailing race in China was elevated on Wednesday when Didi Kuaidi, Uber's biggest rival in China, confirmed that it has invested $100 million in Lyft, Uber's biggest competitor in the United States.