Business

Institutional Investors Remain Confident On China

Mars Woo   | Mar 16, 2014 07:56 AM EDT

Despite news about China's slowing economy, strong local currency, high labor cost, and uncontrolled smog, institutional investors continue to manifest high confidence toward China, a recent global survey showed. read more

Weibo Files for US$500 Million IPO

Desiree Sison   | Mar 15, 2014 12:40 PM EDT

Weibo Corp., China's popular messaging service, has taken on the next level by tapping US markets when it filed recently papers for an initial public offering to the tune of $500 million. read more

Las Vegas Woos Chinese Investors

Mars Woo   | Mar 15, 2014 07:28 AM EDT

An economic delegation from Las Vegas, Nevada is set to visit China to entice Chinese investors to invest in southern Nevada and to attract more tourists to Las Vegas. read more

Chinese Visitors’ Spending in UK May Reach 500 Million Pounds Annually by 2020

Qi Qin   | Mar 15, 2014 07:27 AM EDT

China is not just flooding world markets with its goods. Chinese tourists are also gobbling up goods in world markets, particularly in London. read more

China to Create 10 Million Jobs for 2014

Desiree Sison   | Mar 13, 2014 08:18 AM EDT

Around 10 million jobs are expected to be created as China focuses on market-opening reforms that were solidified during the annual parliament session that ended Thursday. read more

Alibaba Buys 60% of China Vision Shares for US$ 804 Million

Qi Qin   | Mar 13, 2014 02:07 AM EDT

China Vision Media Group announced on Tuesday that Alibaba Group Holdings, China's largest e-commerce company, has agreed to buy 12.49 billion of its existing and new shares, giving Alibaba a 60 % controlling stake in the Hong kong listed company. read more

China Turns to Yangtze River for Economic Gain

Desiree Sison   | Mar 12, 2014 10:18 AM EDT

The historic Yangtze River will be the center stage of China's grand plan to develop an economic belt that will usher in a balanced regional growth. read more

China's Jan-Feb Car Sales Hit 3.1 Million

Mars Woo   | Mar 12, 2014 08:38 AM EDT

A total of 3.1 million vehicles were sold in China in the first two months of this year, the China Association of Automobile Manufacturers (CAAM) revealed. read more

Lenovo to Absorb IBM Striking Employees

Ying Zhin   | Mar 12, 2014 08:49 AM EDT

Chinese PC maker Lenovo vows to take in all employees that worked at IBM's x86 server unit, including those that went on strike at a factory in Shenzhen, China. read more

China Announces Pilot Scheme for Private Banks

Ying Zhin   | Mar 11, 2014 12:04 PM EDT

China is tapping Internet giants Alibaba and Tencent to take part in a pilot scheme to set up private banks. They join eight other private companies chosen to set up private banks, a key reform measure aimed at further opening up China's financial sector. read more

Ford to invest additional US$100 million in China plant

Mars Woo   | Mar 10, 2014 05:44 AM EDT

Ford Motor Company has announced that it will invest an additional US$100 million in China in order to double its research and engineering capabilities in the country. read more

Chinese investment into Latin America hit US$80 billion in 2013

Mars Woo   | Mar 06, 2014 09:19 PM EST

China's Ministry of Commerce said the country's investors poured a total of US$80 billion in Latin America last year and that figure is expected to increase this year as more Chinese firms are lured into the region. read more

China to remain world’s second-largest economy

Mars Woo   | Mar 06, 2014 09:25 PM EST

If this year's economic growth target is achieved, China could keep its reputation as the world's second-largest economy, analysts say. read more

China Rebalances, Aims for 'Cleaner' Growth

Winona Cueva   | Mar 05, 2014 07:31 PM EST

China vows to grow its economy with sweeping reforms that will deliver on targets but with a more conscious regard for the environment. read more

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