Business

Chinese Shares Tumble in Late Trade as Asian Markets Sell Off

Nicky West   | Jan 11, 2016 03:08 PM EST

The Chinese stock market has continued its rather rough start to the year on Monday after losing further ground following another sell-off in late afternoon trade, which set mainland indexes down more than five percent. read more

China to Pour $11.7 Billion Into Construction of New Airports

Desiree Sison   | Jan 11, 2016 07:45 AM EST

China will allocate up to 77 billion yuan ($11.7 billion) for the building of new airports this year, according to the Civil Aviation Administration of China. read more

Google to Hire More Than 60 People in China After 5-Year Gap

Daphne Planca   | Jan 09, 2016 12:02 PM EST

Google Incorporated is hiring more than 60 people in China - from software engineers to communications managers - after a five-year gap following a fallout with the Chinese authorities. read more

Major League Baseball Announces 3-Year Strategic Partnership Deal With China's Le Sports

Daphne Planca   | Jan 09, 2016 11:20 AM EST

Commissioner Rob Manfred of Major League Baseball (MLB) has attended the CES 2016 to announce a three-year strategic partnership deal between the league and China's Le Sports. This deal aims to live stream America's national pastime to fans and potential fans in the Chinese mainland as well as in Hong Kong and Macau. read more

Missing Clothing Mogul Believed to be in Police Custody

Desiree Sison   | Jan 09, 2016 06:33 AM EST

Another executive has gone missing in China. This time, it's the Chairman of China's most popular fashion firm, Metersbonwe. read more

Ford Sets Annual Sales Record in China

Michael A. Katz   | Jan 08, 2016 12:47 PM EST

The Ford Motor Company set a record for sales in China in 2015 as annual sales of its vehicles hit more than 1.1 million, up 3% from last year. read more

Alibaba to Focus More on China in 2016

Christian George Acevedo   | Jan 07, 2016 09:53 AM EST

Alibaba Group will shift its focus from the global market to China this year. The retail giant believes that it would benefit if it expands and refines its products and service offerings in China and focus on growing in rural areas. read more

Bankers, Investors Anticipate Reforms in China's SOE Sector

Carlos Castillo   | Jan 07, 2016 09:28 AM EST

Corporate reform has been looming heavily over China's state-owned enterprises (SOEs) for quite some time now, and investors and bankers are hoping that Beijing will finally give in to the demands of the times and begin the inevitable transition toward a meaningful privatization of state companies this year, according to analysts. read more

Pharma Entrepreneur-Couple Join China's Billionaire Rank

Christian George Acevedo   | Jan 12, 2016 06:47 AM EST

Entrepreneurs Li Zongsong and his wife Gu Xiaojia have emerged as China's newest billionaires following a successful bid for their pharmaceutical firm in December. The husband and wife own a combined 38% stake in the Shenzhen-listed company Jiangsu Jiujiujiu Technology following a stock swap after finalizing the sale of their Shanxi Bicon Pharmaceutical Group shares to Jiujiujiu. read more

Billionaire Wang Jianlin Becomes First Person From Mainland China to Crack World's Top 20 Richest List

Christian George Acevedo   | Jan 06, 2016 07:39 AM EST

For the first time, someone from mainland China has made it into Forbes top 20 rich list. read more

China Posts Record Foreign Investment in 2015

Staff Reporter   | Jan 05, 2016 07:50 PM EST

Despite China's economic slowdown, foreign investments in the country increased at a record pace in 2015, taking in a total of US$126 billion, according to data released by the Ministry of Commerce (MOC). read more

Chinese Authorities Intervene in Stocks After $590 Billion Selloff

Christian George Acevedo   | Jan 06, 2016 03:48 AM EST

Chinese authorities have come to the rescue of the sinking stock market, with state-controlled funds used to purchase equities. The Securities regulator, meanwhile, has issued a halt on major investors from selling shares. read more

Huawei and Etisalat Team Up to Launch 4K Ultra HD TV Service

Daphne Planca   | Jan 05, 2016 08:47 AM EST

Chinese Telecommunication Company Huawei in partnership with Etisalat to introduce a 4K Ultra-High Definition (Ultra-HD) TV service in the Middle East and Africa (MEA). read more

China Set To Be World's Top IPO Market in 2016

Mars Woo   | Jan 05, 2016 02:25 AM EST

A report published by auditing firm PricewaterhouseCoopers said the number of China's initial public offerings (IPOs) this year could top the world and could result to fund raising of up to US$46.13 billion. read more

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