Ofo Inc has mortgaged part of its bicycle fleet to companies affiliated with Alibaba Group Holding Ltd to raise 1.76 billion yuan ($278 million), as the Chinese bike-sharing startup works hard to solve its reported cash crunch.
The crucial property industry, one of the drivers of China's economic boom of the last three decades, will continue to stabilize and grow this year, if expectations of deputies attending the ongoing annual session of the National People's Congress are any indication.
When is it a good time to buy a home? That's been a no-brainer for the Chinese for decades. The simple, timetested, indisputable answer has been: "At the earliest".
For more than a decade, property tax has been regarded by speculative investors as a Pandora's box - once levied, it could lead to many unforeseen situations, pushing home prices this way or that. Or so they believed.
One February morning, nearly 9,000 people braved sub-zero temperature and chilly wind to assemble at a Beijing stadium to wildly cheer their employer's stupendous success overseas.
Now that the Spring Festival holiday is over, home rentals in Beijing are expected to rise because of two factors.
After years of development, the Belt and Road Initiative is increasingly helping Chinese companies to go global, besides driving regional and global economic growth, said the top executive of Basilinna, a US-based strategic business consulting firm.
Companies don't value their reputation until there is a crisis, said Rachel Catanach, president and senior partner of FleishmanHillard in charge of the China market.
Amateur prodigy Jin Cheng shot a tournament-low 5-under 67 to secure a 17-stroke, wire-to-wire win at the PGA Tour Series-China qualifying tournament in Liuzhou, Guangxi Zhuang autonomous region on Friday.
China's Li Haotong endured a miserable second round at the World Golf Championship-Mexico Championships on Friday, firing a 79 to drop to the bottom of the leaderboard.
ATLANTA - Golden State coach Steve Kerr wasn't going to gamble on leaving Stephen Curry in a close game, even after Curry's dramatic proof of how well he could play after turning his right ankle.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
