Business

China Helps Volkswagen Post Sales Growth

S. Rina   | Oct 15, 2016 10:41 PM EDT

Volkswagen showed signs of recovering from its emission reading crisis as the company reported 7.1 percent increase in sales for the period of September. read more

Facebook, Google to Build China-US Ultrafast Undersea Internet Cable

Charissa Echavez   | Oct 15, 2016 01:26 AM EDT

Facebook and Alphabet Inc. will team up with a small Chinese company to build a high-speed internet cable between Los Angeles and Hong Kong to be launched in 2018. read more

HP to Leave 3K to 4K Workers Jobless by 2020

Ellie Froilan   | Oct 14, 2016 10:34 AM EDT

HP has announced that it plans to slash 3,000 to 4,000 jobs in the next three years as it continues to struggle with a subdued market. read more

China reports first factory gate price increase in five year

Rina S.   | Oct 14, 2016 10:04 AM EDT

China announced 0.1 percent increase in Producer Price Index on year-on-year basis for the month of September. read more

India, China Agree to Cooperate in Key Areas to Boost Economic Growth

Girish Shetti   | Oct 14, 2016 10:15 AM EDT

Setting aside their diplomatic differences, India and China have agreed to enhance economic cooperation in key areas, such as the construction of high-speed railway and development of coastal manufacturing zones and sourcing energy from the international markets. read more

Alibaba Puts Strategic Investment on PlaceIQ

Ellie Froilan   | Oct 14, 2016 08:14 AM EDT

Alibaba has made a strategic minority investment to PlaceIQ, which is a follow-on addition to $25 million PlaceIQ’s 2016 Series D funding round. read more

China's Weibo Fast Approaching Twitter's Market Value: Report

Charissa Echavez   | Oct 14, 2016 01:46 AM EDT

While Twitter and its Chinese counterpart Weibo share some similarities, a glaring difference shines in their stock prices. Twitter has posted a 20 percent decline for 2016, while Weibo's shares nearly tripled. read more

40M PayPal Users Bought from Chinese E-Retailers in 2015: Report

Charissa Echavez   | Oct 13, 2016 11:21 PM EDT

A new report by the Internet Retailer revealed that an estimated 40 million consumers used PayPal to transact from Chinese e-retailers in 2015. read more

Taco Bell to Open in China This Year

Charissa Echavez   | Oct 13, 2016 10:26 PM EDT

Yum Brands Inc. is testing if Chinese consumers are up for some quesadillas and tacos, as it plans to open the first Taco Bell in China this year, the company announced on Tuesday during an investor meeting. read more

China’s September Export and Import Falls Steeply Amid Weak Global Demand

Girish Shetti   | Oct 13, 2016 04:30 PM EDT

Weak global demand continues to exert pressure on China's export market, as exports in the month of September dropped well below market expectations. The country's imports also witnessed a steep fall in the same month. read more

Wanda’s Wang Jianlin Beats Jack Ma to Become China’s Richest Man

Rina S.   | Oct 13, 2016 04:23 PM EDT

Chinese real estate tycoon Wang Jianlin has once again be crowned the richest man in China. He beat Alibaba founder Jack Ma and others to top the list. read more

Apple Boosts Presence in China; To Open Second R&D Center in Shenzhen

S. Rina   | Oct 13, 2016 04:10 PM EDT

Technology giant Apple is looking to set up a new research and development (R&D) center in China. The metropolis of Shenzhen has been picked as the location for the R&D center. Apple is also planning to build another R&D center in Beijing. Shenzhen is also home to Foxconn City, where many of Apple products are assembled. read more

Boeing Scores $3.2 Billion Dreamliner Deal From China Southern

S. Rina   | Oct 13, 2016 12:07 PM EDT

Boeing Co. has inked a deal with China Southern for a dozen 787-9 Dreamliners. The deal is worth neatly $3.2 billion as per the list price. These Dreamliners are scheduled to be delivered over the course of three years, starting in 2018. read more

U.S. Cotton Supply Estimate Drops 12% on Strong China Demand

Charissa Echavez   | Oct 13, 2016 03:13 AM EDT

Cotton supplies in the United States next year will be smaller than previously forecast because of the increasing prices and larger-than-expected purchases in China, a government report in Washington revealed. read more

Alipay and Zapper Join Together for Payment Partnership in U.K.

Ellie Froilan   | Oct 13, 2016 03:20 AM EDT

Alipay partnered with Zapper to allow Chinese tourists visiting the United Kingdom to pay using the Alipay app in more than 1,000 locations nationwide. read more

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