Alibaba's four year old Yu'E Bao fund - which in April became the world's biggest money market fund - on Monday cut its maximum holding ceiling for individual investors, in a move analysts said was in preparation for a potential strengthening of rules covering money market funds in China.
The southern state has benefited from foreign direct investment in the US and the rise of mainland firms setting up factories there
Everyone knows e-commerce and modern retail have transformed shopping in China, but not many are aware that the same innovative spirit is revving up a revolution in automotive sales in the world's largest car market.
China Petroleum and Chemical Corp, the world's largest refiner, which is also known as Sinopec Corp, is foraying into auto sales, based on its nationwide fuel station network.
After a year of imaginative management, HBIS Group of China has succeeded in turning around the troubled Smederevo steel mill, Serbia's largest, reinforcing the view that the conglomerate's go-global strategy is yielding positive results.
Vehicle owners in China often turn to non-dealers for service in the early stages of ownership, even when most vehicles are still under warranty, according to an industry report.
As retail giants Suning and Gome foray into car sales, most analysts and auto industry insiders wonder if such alternative channels would succeed.
As the wanderlust of China's vast middle class takes wing and targets choicest international destinations, tourist hot spots such as Hawaii are seeing multitudes of Chinese travelers.
BEIJING - Mobile app Yunmanman, or YMM, is looking to shake up the logistics sector in China by becoming the Didi of cargo companies
BERLIN - Borussia Dortmund on Thursday said it had rejected an offer from Barcelona for Ousmane Dembele as the wantaway forward was suspended for missing training.
PARIS - It's been nearly a week since Neymar landed in Paris, and the world's most expensive player still can't play for his new club in the French league.
LOS ANGELES - Veteran Sacramento Kings forward Zach Randolph was arrested on a marijuana charge after police cars were vandalized when a large gathering became unruly at a Los Angeles housing project, authorities said on Thursday.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
