Business

Shenzhen Declared The Most Competitive City In China Overtaking Hong Kong

Vinay Patel   | May 18, 2015 09:53 PM EDT

Shenzhen tops the chart as the most competitive Chinese city that replaces Hong Kong, which ruled the top spot in per capita outstanding deposits, as per the Chinese Academy of Social Sciences 2014 rankings. read more

Foreign Creditors Face Bankruptcy Amid China Slowdown

Aishwarya Bhatt   | May 18, 2015 12:42 PM EDT

China's economy is witnessing a major slowdown and Beijing is becoming more and more relaxed about the companies to witness total failure. A large number of oversees bond holders are facing a problem due to the country's inconsistent court system. read more

Widodo Taps Regional Commodities to Attract Investors

Eana Maniebo   | May 18, 2015 05:30 AM EDT

Indonesian President Joko Widodo is firm on keeping the country's investment growth uninterrupted. A report from Indonesia's Statistics Bureau showed unstable numbers for Southeast Asia's biggest economy. read more

US Airways American Airlines Merger: Signages Change In July; Passengers May Experience Delays Due To Transition?

Gemmie P. Caranay   | May 18, 2015 09:17 PM EDT

In July the U.S. Airways will not fly anymore. It will turn its signage into American Airlines. read more

China's JD.com: Invested $170 Million To Kingdee; Plans To Partner With SMEs For ERP Solutions

Gemmie P. Caranay   | May 18, 2015 08:31 AM EDT

JD.com invested HK$1.3 billion to Kingdee, the largest online direct sales company in China. read more

Chinese e-Commerce Site Alibaba Sued By Various Luxury Brand Companies

Benjie Batanes   | May 17, 2015 10:28 PM EDT

Luxury brand companies including Gucci has filed a lawsuit against e-commerce site Alibaba read more

China Loosening Up Media Censorship; Netflix Talks Expansion In China

Camille Harthy   | May 16, 2015 10:57 AM EDT

Bringing media streaming company Netflix into China is progressing as it is believed that the company is in early negotiations with executives from at least two Chinese media firms. read more

Sally Beauty Data Breach: Hackers Accessed Thousands Of Credit, Debit Card Payment Details

Gemmie Caranay   | May 16, 2015 11:34 AM EDT

Recently, Sall Beauty has experienced data breach involving thousands of credit card data of their customers. read more

Jailed Chinese Business Tycoon Continues To Reap Rich Profits

Vinay Patel   | May 15, 2015 08:37 PM EDT

Huang Guangyu, former chairman of Gome Electrical Appliances Holdings Ltd, jailed on charges of bribery in 2010 seems to be operating his business well as he registers a gain of one million dollars. read more

H&M Expands Into Beauty: The Swedish Retailer To Launch 1000 Brands In September!

Gemmie Caranay   | May 15, 2015 11:38 AM EDT

H&M will take a bite of the beauty industry starting in September. read more

Generous Chinese Billionaires Taking Their Staff to Free and Paid Vacations Abroad

Benjie Batanes   | May 15, 2015 08:47 AM EDT

Chinese billionaires are taking thousands of their staff for a free and paid vacation abroad. read more

PetroChina Gets 17% Share Price; Will They Give In to Merger With Sinopec?

Staff Reporter   | May 15, 2015 06:28 AM EDT

PetroChina is now trading with big valuations after getting a 17% increase in their share price, thus becoming at par with the competition. read more

Wal-Mart Bentonville Arkansas: Sponsored A Film Festival Empowering Women But Focused On Vanity?

Gemmie Caranay   | May 15, 2015 08:54 AM EDT

Wal-Mart sponsored Bentonville Film Festival empowering women. read more

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