Business

Starbucks Unveils 13 New Red Holiday Cups

Ellie Froilan   | Nov 11, 2016 10:27 AM EST

In time for the upcoming Holiday season, Starbucks has launched 13 new red holiday cup designs. read more

Acer Puts $10 Million Investment Into IMAX VR Fund

Ellie Froilan   | Nov 11, 2016 10:16 AM EST

Acer has announced that it made a $10 million investment into IMAX’s Virtual Reality Fund. read more

Chinese Yuan at Lowest in 6 Years Following Trump's Victory

S. Rina   | Nov 10, 2016 12:53 PM EST

Donald Trump's victory led to the Chinese yuan plunging to a six-year low. The fall is due to concerns about Trump's protectionist trade policies. The Chinese yuan seems to be heading for its third annual loss. The currency is down 4.4 percent this year. read more

Danish Crown to Build a Meat Processing Plant in China

Steve M.C.   | Nov 11, 2016 08:41 AM EST

Danish food processing company Danish Crown is on the verge of creating a factory base in China. According to a statement released by the co-operative slaughterhouse on Wednesday, the company is looking to build a processing and retail production plant in Shanghai. read more

Tianjin Airlines to Launch Direct Flight to London

Steve M.C.   | Nov 10, 2016 08:50 AM EST

Tianjin Airlines made an official announcement on Tuesday on its plan to launch a new flight route from London to Xi'an, the capital of Shaanxi province, come May 2017. read more

Samsung and China Mobile Successfully Complete 5G Testing

Ellie Froilan   | Nov 10, 2016 10:02 AM EST

Samsung and China Mobile have finished the testing of a new 5G network technology. read more

Renault–Nissan to Launch Affordable Electric Car in China in 2 Years

Girish Shetti   | Nov 10, 2016 08:05 AM EST

Renault-Nissan Alliance is gearing up for the launch of a new electric car in China in two years. The new car would cost approximately $8000. The grand announcement was made by company's chief executive Carlos Ghosn at the Web Summit in Lisbon. read more

China Cautions Online Retailers Against Suspicious Singles Day Sales Tactics

S. Rina   | Nov 09, 2016 04:12 PM EST

Chinese business regulators have issued a stern warning to online retailers. Major e-commerce companies such as JD, Amazon, and Alibaba Group Holding have been told to refrain from adopting dubious sales practices during the upcoming Singles Day festival on November 11. read more

China Enacts new Film Law to Fight Box Office Frauds

S. Rina   | Nov 09, 2016 02:57 PM EST

China has passed a new law to govern film content and regulate the promotion of the film industry. The film law was approved by the National People's Congress standing committee at a meeting in Beijing. This is the first instance of a formal legislation for China's film industry. read more

Sales of Cars in China Surges in October as Consumers Cash in on Tax Cuts

Girish Shetti   | Nov 09, 2016 01:37 PM EST

China's car market seems to be on a roll as the sales of passenger vehicles climbed for the eighth consecutive month in October. Chinese consumers rushed to buy especially small-engine cars to cash in on tax cuts that are due to expiry by the end of the year. read more

China and Taiwan to Collaborate on 5G Technology Research

Girish Shetti   | Nov 09, 2016 08:52 AM EST

China and Taiwan's telecom companies plan to join hands to enhance research and cooperation on the fifth generation (5G) mobile network technology. The move was announced at the cross-straits CEO summit in Xiamen, Fujian province. read more

Huawei Smartphone Shipment Increases in EMEA on Q3

Ellie Froilan   | Nov 09, 2016 04:17 AM EST

Huawei has reported a 70 percent increase of smartphone shipment in Europe, the Middle East, and Africa (EMEA) region this third quarter of 2016. read more

US Awards American Airlines Los Angeles-Beijing Route; Delta Air Lines 'Disappointed'

Charissa Echavez   | Nov 09, 2016 02:40 AM EST

American Airlines snatched a coveted Los Angeles to Beijing route on Monday after the US Transportation Department proposed to award the Texas-based company with the new schedule over its rival Delta Air Lines. read more

Starbucks Growth Momentum Shifts to China

Steve M.C.   | Nov 09, 2016 01:51 AM EST

Starbucks is looking to make China the main hub of its operation. While at it, they also plan to add over 10,000 new employment opportunities every year. read more

China to Increase Coal Sector Capacity by 19%

S. Rina   | Nov 08, 2016 08:18 PM EST

China is set to increase its coal use, raising the sector's capacity by 19% over the next five years. It is expected that the coal fired plant capacity will still remain below 1,100 gigawatts mark. The country also intends to increase its non-fossil power by 48 percent to 770 gigawatts by 2020. read more

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