Business

'Christmas Miracle' Chinese Investors Release $770 Million to Long Run Exploration Ltd.

Ryan General   | Dec 24, 2015 09:55 AM EST

Long Run Exploration Ltd. has found a buyer for all of its oil and gas possesion in Northern Alberta. Chinese investors agreed to pay $770 million for everything. The investors are set to pay a 215 per cent premium on the company's share price of 16 cents, with a cash consideration of $100 million and also assumed debt total consideration of $770 million. read more

Growth of Global Smartphone Market Declines Behind Slower Sales in China

Carlos Castillo   | Dec 23, 2015 11:21 AM EST

Slower economic growth in China dissuaded many of the country's 913 million smartphone users from buying new units this year, prompting the worldwide market for smartphones to see its lowest growth rate in years, according to market analysts. read more

Woolworths Planning to Tap Into Demand for Australian Food in China

Aishwarya Bhatt   | Dec 23, 2015 07:48 AM EST

Woolworths is planning to tap into the huge demand for Australian food in the Chinese market. read more

China Powers Asia-Pacific Outbound Deals Past $1 Trillion, Looks to Bigger Deals in 2016

Carlos Castillo   | Dec 23, 2015 03:14 AM EST

After pushing the value of the Asia-Pacific's outbound business acquisitions past the $1 trillion mark this year, China's corporate ventures are expected to make even more merger and acquisition (M&A) deals abroad in 2016 in an effort to sidestep a sluggish domestic economy. read more

China's Economy to Grow 6.8% in 2016, Bank of China Says

Mars Woo   | Dec 22, 2015 09:38 AM EST

Despite a volatile global environment and weak domestic market demand, China's economy will still be able to post growth of 6.8 percent next year, according to the Bank of China (BOC) Hong Kong Ltd. read more

China, Japan Vie for Multi-million Dollar Railway Deals in US

Carlos Castillo   | Dec 21, 2015 08:12 PM EST

China and Japan -- the biggest and most advanced railway rivals in Asia -- are vying for the right to build and invest in a number of multi-million dollar railway projects in the US. read more

China's Richest Man Buys £80 Million London Mansion

Charissa Echavez   | Dec 21, 2015 09:18 AM EST

China's richest man Wang Jainlin has bought a luxury mansion in London worth £80 million ($119.3 million), according to reports from British media. read more

Chinese Products Now of Better Quality, Not Cheap and Shoddy

JB Cach   | Dec 21, 2015 12:39 PM EST

Contrary to the widespread negative perspectives of products that are “made in China,” Chinese products nowadays are in demand, and seem to be at par with other brands made in different countries. read more

Chinese Movie Ticketing Services Gewara and Weiying to Merge

Daphne Planca   | Dec 20, 2015 06:47 AM EST

Two of China's largest movie ticketing services called Gewara and Beijing Weiying technology (also known as Wepiao) are going to merge. These two services are currently among at the top five players in the online ticketing business in the country. read more

Luxury Brands Target Rich Chinese Students in the US

Desiree Sison   | Dec 20, 2015 04:10 AM EST

Various luxury brands have found a way to up their sales by selling their wares to rich Chinese students studying in the United States read more

Hackers Attack JD.com Hundreds of Thousands of Times Every Day

Michael A. Katz   | Dec 18, 2015 07:43 PM EST

Hackers are launching hundreds of thousands of attacks on JD.com (JD), China's largest online direct sales company, on a daily basis, according to the company's chief executive officer. read more

Apple Pay to Launch in China in Early 2016

JB Cach   | Dec 18, 2015 01:46 PM EST

California-based tech giant Apple Inc. has reached an agreement with China's only credit-card processing company to launch the Apple Pay smartphone-based payment system in China. read more

China, Russia Ink Over 30 Economic Deals in Joint Meeting

Desiree Sison   | Dec 18, 2015 06:13 AM EST

China and Russia signed more than 30 agreements, mostly on future economic areas such as in production capacity and equipment manufacturing, at the 20th China-Russia Prime Ministers' Regular Meeting in Beijing on Thursday. read more

UK eCommerce Firm Powa Strikes Major Deal With China's UnionPay

JB Cach   | Dec 19, 2015 03:19 AM EST

A British eCommerce firm has inked a 10-year deal with China's sole credit card company to bring its payments technology into the world's second largest market. read more

California DMV Wants Driverless Cars to Have Drivers

Albie Cachila   | Dec 17, 2015 09:20 PM EST

The California Department of Motor Vehicles has released a proposal that requires drivers to be present inside the driverless car when it runs on the road. read more

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