Shares in Wanda Film Holding, which crashed almost 10 percent on Thursday, recovered 3.6 percent to close at 53.80 yuan ($7.87) on the Shenzhen Stock Exchange on Friday.
China's internet giants that forayed into online finance are now joining hands with banks, their perceived competitors, to succeed together in the booming financial technology or fintech sector.
State-owned China United Network Communications Group, better known as China Unicom, denied a media report that internet majors Alibaba Group Holding Ltd and Tencent Holdings Ltd will be among its new investors.
CHONGQING - A bike-sharing startup has gone bust after less than five months, despite being named after Wukong, the omnipotent Monkey King, in the Chinese classic Journey to the West.
Elon Musk's Tesla Inc - the highest valued car producer in the United States with a market capitalization of over $60 billion - never fails to surprise people, and this time it is the electric carmaker's localization plans for China.
For Zhang Daocai, chairman of the Sanhua Holding Group, it was a "historic moment, a milestone."
SF Motors, an auto company in southwestern China's Chongqing, has signed an agreement with US heavy vehicle and contract automotive manufacturer AM General to buy the latter's commercial assembly plant, or CAP, for $110 million.
The Korean Peninsula, the South China Sea, terrorism, military-to-military cooperation ... the list goes on.
When meeting a delegation of business leaders from the United States in Beijing on Tuesday, Premier Li Keqiang said China will gradually expand its market access and further optimize its business environment to raise the competitiveness of the country's economy.
A CELEBRITY "DOCTOR", who promotes "medicinal products" in TV advertisements by claiming they are able to cure many chronic diseases, has been exposed by People's Daily as being a performer rather than a medical professional. Ifeng.com comments:
A MAN WAS RECENTLY found guilty of running a website that helped online shops falsify the number of transactions they made in order to fool people into believing they were trusted by consumers. That is the first time someone has been punished for this kind of crime in China. Beijing News comments:
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Raymond Zhou
Op Rana
Berlin Fang
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Huang Xiangyang
Chen Weihua
