Business

Uber Drivers in China Pretend to Be Zombies to Scam and Scare Riders

Ellie Froilan   | Sep 23, 2016 02:50 PM EDT

Uber riders in China have reported seeing their requests picked up by drivers with zombie-like profile pictures to scare them. read more

Alibaba's Jack Ma Becomes Special Advisor for UN Conference on Trade and Development

Ellie Froilan   | Sep 23, 2016 02:20 PM EDT

Alibaba founder Jack Ma has been appointed as a special advisor to the United Nations (UN) Conference on Trade and Development (UNCTAD) for Youth Entrepreneurship and Small Business. read more

Wanda Group Accused of Using Money to Influence Beverly Hills Ballot Fight Over Land

S. Rina   | Sep 23, 2016 10:38 AM EDT

A labor union has filed a complaint, asking state and federal election officials to investigate Wanda Group's implication in a Beverly Hills ballot initiative. The plaintiff is Unite Here Local 11, the Southern California chapter of a 270,000 strong labor union. Wanda Group is one of the leading Chinese multinational conglomerates. read more

China to Resume Imports of U.S. Beef

Ellie Froilan   | Sep 23, 2016 12:38 AM EDT

After the 13-year ban on imports of beef from the US, China has decided to get American beef products again. read more

Yahoo Confirms 500 Million Accounts Hacked in Largest Cybersecurity Breach

Charissa Echavez   | Sep 22, 2016 10:04 PM EDT

Yahoo confirmed that about half a billion user accounts have been stolen in 2014, blaming "state-sponsored" hackers in what appears to be the biggest cybersecurity breach in history. read more

Air China Launches Beijing-Warsaw Non-Stop Flight

Charissa Echavez   | Sep 22, 2016 04:46 PM EDT

Air China has officially launched regular flights between Beijing and Warsaw, the very first direct flight to Poland by an Asian airline. read more

China Seeks to Revamp Tibet Tourism Sector

ALVIN MUNENE   | Sep 22, 2016 08:42 PM EDT

Tibet, an area in the Tibetan plateau region of Asia, is a hot target for China as it seeks to expand the tourism sector to become a leading source of economic development in the region. read more

China’s Dalian Wanda Group to Form Major Motion Picture Alliance With Sony

S. Rina   | Sep 22, 2016 01:15 PM EDT

Chinese conglomerate Dalian Wanda Group is close to forming an alliance with Sony. The deal will provide Wanda with minority stakes in several of Sony's films. read more

Postal Savings Bank of China Raises $7.4B in World's Largest IPO

Charissa Echavez   | Sep 22, 2016 02:35 AM EDT

State-owned Postal Savings Bank of China Co. successfully raised $7.4 billion on Wednesday in Hong Kong, the biggest initial public offering (IPO) in the world in two years. read more

Chinese Vitamin C Makers Win Dismissal of a $147M Antitrust Verdict in the U.S.

Charissa Echavez   | Sep 22, 2016 02:22 AM EDT

Two Chinese firms accused of conspiring to increase the prices and lower supply of Vitamin C outside China won dismissal of a $147 million antitrust verdict after a federal court ruled that they they were acting under China's law. read more

China Announces new Guidelines to Boost Venture Capital Start-ups

Girish Shetti   | Sep 22, 2016 07:14 AM EDT

China's government on Tuesday announced various measures for nurturing venture capital (VC) in the country. read more

China to Resume Importing Beef from the United States

S. Rina   | Sep 21, 2016 12:30 PM EDT

China has agreed to resume importing US beef. The import is likely to start by the end of the year, although no time line has been provided. The announcement was made Chinese premier li Keqiang, who is currently in the US for attending UN General Assembly meeting. He said that the decision shows China’s sincerity in opening its markets to US business. read more

Marriott-Starwood Merger Receives Green Light from China

Charissa Echavez   | Sep 21, 2016 04:19 PM EDT

Marriott International and Starwood Hotels & Resorts Worldwide announced on Tuesday that they have received approval from the Chinese Ministry of Commerce for their merger transaction, the last hurdle to close the deal. read more

China's LeEco Raises Over $1B for Electric Sports Car Project

Charissa Echavez   | Sep 21, 2016 11:19 AM EDT

China's web video firm LeEco has raised a staggering $1.08 billion from Chinese investors to develop its LeSee electric sports car. read more

Netflix made no Progress in its China Expansion plan: CEO

Charissa Echavez   | Sep 21, 2016 12:50 PM EDT

Netflix said on Tuesday it had made no progress toward its goal of expanding into China as it needs to obtain a government license, Reed Hastings, the entertainment firm's chief executive officer, said. read more

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