Business

SCMP Group Plans To Buy Back Company Shares

Acsilyn Miyazaki   | May 11, 2014 10:30 PM EDT

The publisher of the South China Morning Post, SCMP Group, announced buying back the shares of the company to solve its public float issue. read more

China’s Ad Market is Now the Second Largest in the World

Bianca Ortega   | May 10, 2014 12:49 PM EDT

China now has the second largest advertising market in the world with its total annual revenue reaching $80 billion (CNY500 billion) in 2013, according to a state commerce official. read more

Momo Plans To Go Public, But IPO May Get Stained By Pornographic Association

Lemuel Cacho   | May 10, 2014 10:50 AM EDT

Beijing Momo Technology Co., creator of the popular Momo dating app, plans to go public in the U.S. this year after having been valued at US$2 billion, but the apps pornographic use might deter positive investments. read more

Dr. Dre To Become First Billionaire In Hip-Hop Industry Following Apple-Beats Deal

Acsilyn Miyazaki   | May 11, 2014 07:09 AM EDT

The $3.2 billion Apple Inc. and Beats Electronics deal would make Dr. Dre the first billionaire of the hip-hop industry. read more

JD.com Aims to Raise US$1.7 Billion From IPO

Acsilyn Miyazaki   | May 10, 2014 08:55 AM EDT

Tencent Holdings-backed JD.com, a Chinese e-commerce website, is looking to raise US$1.7 billion from an initial public offering in the United States. read more

More Chinese Firms Hiring Staff This Quarter

Marcel Woo   | May 09, 2014 01:00 PM EDT

More Chinese companies are hiring additional staff in the second quarter of this year to heed the call of the government to provide jobs to unemployed Chinese citizens, a recent survey showed. read more

Forbes List Says China Has 3 of the World’s Biggest Companies

Bianca Ortega   | May 09, 2014 12:07 PM EDT

For the first time, China became a country with three of the biggest public companies in the world, according to a list released by Forbes on Thursday. read more

Changes in capital markets eyed by China

Shiena Iane Bernardino   | May 09, 2014 05:23 PM EDT

The Chinese State Council promised to make necessary improvements in the country's developing capital markets. read more

BYD Delivers First US-Made Electric Buses in California

Marcel Woo   | May 08, 2014 11:55 PM EDT

BYD Co Ltd, a Chinese manufacturer of automobiles and rechargeable batteries, announced that it has produced its first United States-made zero emission electric buses and delivered them to California's Lancaster City. read more

Over two million small enterprises to enjoy tax cuts in China

Homar Murillo   | May 08, 2014 11:34 PM EDT

New tax breaks to be given this year that will decrease tax due for payment by 50% will benefit more than 2 million small enterprises. read more

China Yuan Depreciation Only Temporary According To Economic Expert

Homar Murillo   | May 08, 2014 11:33 PM EDT

A Chinese economist in an interview with the China Securities Journal said that recent depreciation of the renminbi or yuan will only be short-lived or temporary. read more

Alibaba Helps Amazon Rival ShopRunner Conquer China

Robert Sarkanen   | May 08, 2014 06:46 AM EDT

Alibaba Group Holding Ltd., one of the biggest e-commerce companies in Asia, has struck a major deal with Amazon rival ShopRunner to help them expand into China. read more

Fast-Food Workers' Strike Going Global in Over 150 Cities

Katie Collom   | May 08, 2014 07:52 AM EDT

Fast-food workers frustrated by low wages are mounting an organized walkout next week in more than 150 cities across the globe. read more

Sharp Decline in Property Sales Noted During May Day Holiday

Homar Murillo   | May 07, 2014 10:23 PM EDT

A sharp drop of over 30 percent was experienced in property sales in China's major cities over the May Day holiday compared to last year's figures for the same period according to the Centaline Group, a property agency. read more

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