Business

Chinese yuan is one of the world’s most frequently used currencies

Homar   | Mar 01, 2014 11:32 AM EST

The Chinese yuan is now the seventh most frequently used currency for world payments as of January, SWIFT, an international transaction services group, said on Thursday. read more

Asset misappropriation tops the list of economic crimes in China

Homar   | Mar 01, 2014 11:24 AM EST

Despite China's lower economic crime rate compared to global and regional figures, a big number of mainland China companies showed extreme concern about economic crimes like procurement fraud, corruption and bribery according to survey results released by PowerhouseCoopers (PwC) on Thursday. read more

Ackman to Provide Proof of Herbalife’s Pyramid Scheme

Angie Zhao   | Feb 28, 2014 10:19 PM EST

American billionaire hedge fund manager William Ackman says he will soon release the result of investigations proving his accusation that Herbalife is running a pyramid scheme in China. read more

China Sues Ukraine for Breach of US$3-Billion Grains Contract

Qi Qin   | Feb 27, 2014 08:32 AM EST

China is suing Ukraine for breach of a 2012 loan agreement where the latter was supposed to supply China with grains in payment for a US$ 3 billion loan that it granted. read more

Sina Weibo makes its first profit

Qi Qin   | Feb 25, 2014 09:57 PM EST

Sina published its 2013 fourth quarter and yearly financial statement today. read more

Rich and Powerful Woman, Ying Xia Liu, is Revoked CPPCC Member Qualification

Qi Qin   | Feb 20, 2014 07:05 PM EST

The President of the Chinese People’s Political Consultative Conference (CPPCC), Zheng Sheng Yu, holds the Twelfth President Meeting of the Twelfth National Committee Meeting. The meeting discusses and passes the decision of revocation of Ying Xia Liu’s Qualification of the twelfth CPPCC member. The decision will be subsequently confirmed in the fourth meeting of Executive Committee. read more

Smile Angel Foundation Responds on the Missed Donation

Qi Qin   | Feb 20, 2014 07:05 PM EST

Smile Angel Foundation responds on the missed donation: after live auction, the published donor information and the bidder information might not match, and it is incorrect to compare the bid helpers and people raise bid signs with the actual donors. read more

Tencent Makes Strategic Investment in Dazhong Dianping

Angie Zhao   | Feb 19, 2014 07:05 PM EST

Feb. 19th, Tencent announces that it will invest in Chinese top restaurant review website Dazhong Dianping. After the strategic investment, Tencent will acquire approximately 20% of Dazhong Dianping’s shares. Meanwhile, Dazhong Dianping will continue to operate independently after closing this deal with Tencent. read more

Total amount of Alibaba’s Yuebao Fund Exceeds US$65 Billion

Angie Zhao   | Feb 19, 2014 07:05 PM EST

From zero to US$41 billion, it took Yuebao 200 days to set up such a great scale fund. While from US$41 billion to US$65 billion, Yuebao only took about a month to accomplish the goal. read more

2410 Prostitution Sites Closed Nationwide

Qi Qin   | Feb 18, 2014 02:00 PM EST

After the exposure of prostitution in Guangdong entertainment places, Ministry of Public Security carries out a special project to crack down on prostitution, gambling and drug crimes nationwide. read more

“No Profit” First Shown on Yuebao

Qi Qin   | Feb 14, 2014 11:10 AM EST

Yuebao system has display problem, showing “No Profit” for yesterday. read more

Gangs of Hong Kong, Macao and Overseas Take Part in Dong Guan’s Hotel Industry

Qi Qin   | Feb 14, 2014 11:04 AM EST

The lucrative entertainment industry in Pearl River Delta attracts gangs from Hong Kong, Macao and overseas to take part in it, becoming a platform for various crimes. read more

A Newly and Popular Bribery Hidden Rules in China

Qi Qin   | Feb 13, 2014 09:32 PM EST

Cheng Liu, 40, a business owner of a construction company in Hangzhou told reporter the current newly and popular bribery hidden rules. read more

Service Sector’s Ratings at its Lowest in Five Years

Homar   | Feb 07, 2014 02:56 PM EST

After the reported slight dip in the manufacturing sector’s PMI, a reliable survey now discloses that China’s service sector rate of growth in January is at its lowest in five years. read more

Firework Sales Plummets as Residents Heed Government’s Call

Homar   | Feb 07, 2014 02:41 PM EST

A sharp decline in fireworks sales was reported in Beijing during the Lunar New Year Holiday as residents heed the call to refrain from setting off fireworks so as not to worsen the city’s air quality. read more

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