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China / Business

Tencent calling time on tipping

[2017-04-21 07:09]

Tencent Holdings Ltd closed a popular service on WeChat which allows iPhone users to offer tips to content creators, signaling the tension between the Chinese social networking giant and US tech company Apple Inc.

What's news

[2017-04-21 07:09]

China releases new employment policies

Danfoss feels right at home

[2017-04-18 06:59]

China's massive urbanization and green transformation has helped Danfoss, Denmark's largest industrial group, to report its strongest growth in six years in 2016, according to its China president.

World of trade comes together

[2017-04-18 06:59]

Countries and regions along the Belt and Road have emerged as China's dynamic trade partners as seen from this year's spring Canton Fair, or 121st China Import and Export Fair, where more than half the foreign buyers and exhibitors came from Belt and Road economies.

Daqing retools to diversify away from crude oil sector

[2017-04-18 06:59]

Daqing, a resource-rich city in Heilongjiang province, is transforming its growth pattern from an overreliance on oil to a more diversified industrial system.

Nation's Lander scraps plans to buy stake in Southampton

[2017-04-18 06:59]

BEIJING - Chinese stadium builder Lander Sports said late on Sunday it was terminating plans to buy a stake in English soccer club Southampton, citing uncertain factors wrought by changes in China's securities market and policies.

New Ant bid gets nod from MoneyGram

[2017-04-18 06:59]

Ant Financial Services Group has raised its agreed offer for electronic payment firm MoneyGram International Inc and the deal was unanimously approved by the US firm's board, outbidding rival Euronet Worldwide Inc.

R&D spree to find new growth engine

[2017-04-18 06:59]

Lenovo Group Ltd said it plans to pour $1.2 billion into the research and development of artificial intelligence, the internet of things and big data over the next four years - as the Chinese tech group scrambles to breathe new life into its PC, smartphone and other hardware businesses.

McDonald's, Yum rework plans in China as market turns tough

[2017-04-17 06:40]

Found at almost every major street corner across thousands of cities in China, McDonald's and fast food outlets under Yum Brands such as KFC and Pizza Hut have long enjoyed a run of super-sized growth as local consumers craved a taste of Americana.

HK event shows Chinese collectors' rising power in art

[2017-04-17 06:40]

Walking through the buzz-filled hall at the Hong Kong Convention and Exhibition Center, Al Brenner - the chief executive of online art market information provider Mutualart.com - is impressed by the energy the Asian market shows towards contemporary artworks.

Report shows gap between Asian and Western financial hubs is narrowing

[2017-04-17 06:40]

The wide gap in financial development between cities in Asia-pacific region and traditional financial centers in the west is narrowing, according to a recent report.

Shares surge on Xiongan, but sustainability concerns arise

[2017-04-17 06:40]

China's plan to develop a special economic zone - the Xiongan New Area - near Beijing has fueled a stock market frenzy all right, but analysts remain skeptical such optimism would create a sustainable bull market.

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