Walmart, the world's largest retailer, is planning to open more compact hypermarkets in China with upgraded facilities, as it seeks to cater to the increasingly high-end and diversified demands of younger consumers.
MELBOURNE - Chinese dairy producer Inner Mongolia Yili Industrial Group Co is among bidders that made formal offers for Australia's Murray Goulburn Co-operative Co, in a deal that may value the farmer-owned firm at about A$1 billion ($779 million) including debt, people with knowledge of the matter said.
The online education sector in China has become one of the country's investment hot spots. Despite a number of problems that have emerged in the wake of the rapid expansion of the industry, investors and analysts are still bullish on the potential of its growth.
An increasing number of Chinese companies are seeking help from banks with a wide global network, local expertise and a deep understanding of the China market, as their interest in expanding in the economies related to the Belt and Road Initiative keeps growing along with concerns over risks.
Prices of rare earths are set to fall further in the next few months as oversupply and lower prices for other commodities hurt offtake, said experts.
The cost of the new iPhone X may have caused furor around the world, but Zhao Qijun is not baulking at the $999 price tag.
PJCS TransContainer, Russia's biggest container operator, has announced a plan to expand its China business in response to the soaring cargo transit demand between China and Europe under the Belt and Road Initiative.
Beijing Electric Vehicle Co says that it expects to see a fourfold rise in new energy vehicle sales in the next three years, thanks to government support for the sector.
BYD Co Ltd is eyeing a 30 percent share of the electric-bus market in North America after expanding its manufacturing facility in the United States.
A global life science group has launched a training program about pesticide technology in a move to protect China's agricultural sector.
A major consumer goods powerhouse has spent seven years planting more than 10,000 mu (667 hectares) of grassland in Southwest China's Tibet autonomous region. This is a world record for a company involved in cultivating grasslands.
China Petroleum and Chemical Corp has injected 315 million yuan ($48 million) into the Tibet autonomous region in the past 15 years to combat poverty.
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