Business

Travel Tech Firm Openjaw Ties Up With Chinese Airlines

Adelyn Torralba   | Jun 09, 2015 06:41 AM EDT

OpenJaw, a travel tech firm, has added another feather to their cap when they signed a deal with Cathay Airlines and Hainan Airlines subsequently. read more

Jack Ma Heads to U.S. to Encourage American Vendors to Sell on Alibaba

Benjie Batanes   | Jun 08, 2015 01:16 PM EDT

Alibaba Head Jack Ma is scheduled to visit key cities in the U.S. to encourage its businesses to sell its wares to the Chinese market through his online company. read more

China Economy Update: May Import Drops, Export Declines

Benjie Batanes   | Jun 08, 2015 10:25 AM EDT

Chinese imports for the month of May dropped to its lowest level in three months while export continues to decline for the third straight month. read more

Chinese Gaming Company's $2.3 Million Bid Wins Charity Auction Lunch with Warren Buffett

Kwao Peppeh   | Jun 06, 2015 11:52 PM EDT

A Chinese online game developer has won the 16th annual charity auction for a private lunch with Warren Buffett. On Friday, Beijing based Da Lian Zeus Entertainment Co., put up a winning bid of $2,345,678 for the opportunity to dine with Buffett and pick his brain. read more

China's Internet Giant Baidu Invests $11.5 Million in Free Wi-Fi Company

Kwao Peppeh   | Jun 06, 2015 10:31 AM EDT

Chinese internet search engine giant and popular mapping service provider Baidu Inc. has invested $11.5 million in Qianhai Mobile - a local startup that provides commuters in over 10 cities across the country with free wireless internet access. read more

Copper Prices Gain Attributed to Chinese Market Demand

Eana Maniebo   | Jun 05, 2015 09:05 AM EDT

Copper prices gained marginally on Tuesday, which is attributed to a stronger demand in China for the base metal and a weak dollar, Reuters reported. read more

Alibaba Branches Into Financial Media with RMB1.2 Billion Investment in China Business News

Kwao Peppeh   | Jun 04, 2015 01:14 PM EDT

Alibaba Group Holdings Limited has signed an agreeement with China Business News (CBN) that will see the e-commerce company invest up to RMB1.2 billion ($193.6 million) in the media company. read more

Survey: Chinese Women Believe Men Make More Money

Benjie Batanes   | Jun 04, 2015 08:34 AM EDT

Many Chinese female professionals believe that men have more chances of advancement and enjoy higher salaries than them. read more

KFC Sues Chinese Companies Over Eight-Legged Chicken Rumor

Eana Maniebo   | Jun 03, 2015 06:04 AM EDT

KFC filed a lawsuit against three Chinese companies for spreading false information regarding the quality of chickens the restaurant serves. read more

Jack Ma's Plan to Buy Stake in Hong Kong’s Reorient Bank Sends Stock Prices Soaring

Benjie Batanes   | Jun 02, 2015 06:18 AM EDT

The decision of Jack Ma's investment fund to buy a 56 percent stake in Hong Kong's Reorient Bank has sent the share prices of the bank soaring. read more

Chinese Manufacturers Continue to Struggle amid Low Domestic and Export Demand

Benjie Batanes   | Jun 01, 2015 02:22 PM EDT

Chinese Manufacturers did slightly better in May but demand from domestic and foreign market continues to remain low despite government attempts of financial stimulus according to Yahoo News. read more

London’s West End Experiences Sales Boom as Visits from Chinese Tourists Increases

Benjie Batanes   | Jun 01, 2015 08:52 AM EDT

Purchases from Chinese tourists accounted for about 20 percent of all sales to overseas visitors in London's West End luxury stores in the first four months of this year, according to The Telegraph. read more

China Can Make Nickel Flourish This Year

Eana Maniebo   | May 29, 2015 01:46 PM EDT

Nickel's fluctuating prices sparked worries in the commodities market, mainly because of China's lowering demands. The Chinese economy has always been a catalyst in the commodities market because of its influence and strong pull on prices. read more

China Cutting Back on Overseas Investment Limits to Make Yuan Global Reserve Currency

Camille Harthy   | May 29, 2015 09:58 AM EDT

China wants the yuan to be a reserve currency, and in order to do so, it is prepared to do everything: even ease the current limits on outbound investments. read more

Jack Ma: Big Data Is About Helping Others; Alibaba Chair Speaks at Guiyang Big Data Expo

Camille Harthy   | May 29, 2015 07:13 AM EDT

Alibaba Chairman Jack Ma said that big data will usher in an era that will be all about helping other people and "creating the future." read more

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