A new energy train powered by both a battery pack and power grid is having its trial run in the Inner Mongolia autonomous region, its manufacturer CRRC Changchun Railway Vehicles Co announced on Tuesday.
MOSCOW - With improving transnational logistics, the cross-border online shopping upsurge rising in China over recent years has now spread to its northern neighbor - Russia. Maria Chiscakova, a 22-year-old living in Nizhny Novgorod in western Russia who places at least one order via the internet per month, tells a convincing story as an experienced online "shopaholic."
Mixed-ownership reform of a number of central State-owned enterprises is expected to be approved within the third quarter of this year, as the coal, steel, heavy equipment and thermal power sectors will become the government's priority in restructuring its giant SOEs, said experts on Tuesday.
Cash-strapped Chinese internet company LeEco is facing another blow, with 1.24 billion yuan ($183 million) in assets belonging to its founder Jia Yueting and three affiliated companies being frozen by a court.
China Merchants Securities Co Ltd, one of the country's biggest brokerages by assets, has obtained official overseas securities brokerage license in South Korea, making it the first mainland securities company to get the green light.
Leading venture capital firm IDG Capital said it is actively seeking out investments in new retail, brands and services companies which are benefiting from the transformation of the consumer market.
Artificial intelligence is alive and well, and poised to move into your 24-hour convenience store.
Yonghui Superstores has proved adept at rolling out new business models to retain market share and combat the challenges thrown up by online rivals.
A new high-tech solution has turned an old style Arcade toy claw machine into a trendy investment opportunity.
Yu'E Bao, one of China's most popular internet-based funds, had amassed 1.43 trillion yuan ($210.5 billion) of assets under management by the end of June, which has already exceeded the size of individual deposits at some of China's largest banks.
SHANGHAI - MYbank, the two-year-old Chinese online lender that already has 3.5 million small-business customers, said it plans to push deeper into a segment that's long been ignored by the country's biggest banks.
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