Business

Boeing Gets US$980-Million Jets Order from China's Okay Airways

Marcel Woo   | Jul 14, 2014 10:17 PM EDT

American plane manufacturer Boeing announced that it has sealed a deal with China's first private sector airline, Okay Airways, for the purchase of 10 single-aisle Boeing aircraft worth US$980 million. read more

For US$1.5 Billion, China Now Owns UK's PizzaExpress

Marcel Woo   | Jul 14, 2014 05:13 AM EDT

China's Hony Capital buys UK's restaurant chain PizzaExpress for US$1.5 billion read more

Samsung Suspends Business with Chinese Factory for Use of Child Labor

Andy Vitalicio   | Jul 14, 2014 03:42 AM EDT

South Korean electronics giant Samsung has suspended business with a supplier in China, after company investigators found there was evidence of illegal use of child laborers at its plant. read more

China Buys More Electric Cars, Waives Purchase Tax

Ana Verayo   | Jul 14, 2014 09:41 PM EDT

China urges government agencies and local institutions to buy more energy efficient vehicles, removes 10% purchase tax. read more

Trump Hotel and Casino to Close in September, More than 1,000 Workers to Lose Jobs

Staff Reporter   | Jul 13, 2014 07:48 PM EDT

The Trump Hotel and Casino will close its doors on September leaving more than a 1,000 workers jobless. read more

Volkswagen Will Build Two Car Factories in China

Arthur Dominic Villasanta   | Jul 10, 2014 11:49 AM EDT

VW remains bullish on China. read more

Dubai Dreams Big; Unveils Plans for World’s First Indoor City

Trisha Cerdena   | Jul 13, 2014 08:58 PM EDT

Dubai has unveiled plans for the Mall of the World, the world's first temperature-controlled city to be built indoors. read more

More Chinese Companies Make Fortune’s Top 500 List

Staff Reporter   | Jul 09, 2014 10:55 AM EDT

95 Chinese companies join the ranks of the world's 500 largest corporations by revenue. read more

Juicy Couture to Add More Stores in China, Partners with ImagineX

Trisha Cerdena   | Jul 09, 2014 07:05 AM EDT

Juicy Couture partners with ImagineX to add more stores and brand offerings in China and other Southeast Asian countries. read more

Crumbs, World's Largest Cupcake Maker, Crumbles

Ying Zhin   | Jul 08, 2014 12:53 PM EDT

Crumbs Bakeshop, the world's largest cupcake maker, announces the closure of all its stores across the U.S. as it files for bankruptcy. read more

Tesla’s Slapped With Trademark Infringement Lawsuit In China

Bianca Ortega   | Jul 08, 2014 12:22 PM EDT

American electric car maker Tesla Motors Inc faces a trademark infringement lawsuit in China, a development that would slow down its expansion plans in the world's largest car market. read more

HSBC Downgrades HK Stock Outlook Over Fears Of Pro-Democracy Campaigns

Christl Leong   | Jul 08, 2014 07:53 AM EDT

HSBC cut its rating investment for Hong Kong on Monday over fears that the pro-democracy campaign could affect relations with China and subsequently hurt its economy. read more

Kuaidi Adds Luxury Cars to Taxi Booking Services in China

Trisha Cerdena   | Jul 07, 2014 11:05 PM EDT

Hangzhou Kuaidi Technology Co. will be adding high-end cars to its taxi services in China. read more

Summer Destinations to Boost China’s Tourism

Trisha Cerdena   | Jul 07, 2014 10:27 AM EDT

Summer destinations in China are expected to boost the country's tourism industry for the next few years. read more

Oculus Rift China Sales Suspended Due To ‘Extreme Reselling’

Bianca Ortega   | Jul 07, 2014 05:00 AM EDT

Virtual reality headset maker Oculus VR suspended the sales of its Oculus Rift developer kits in China due to the extreme number of purchasers who only bought the product for reselling purposes. read more

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