Business

China’s Alibaba Group to Expand Alipay Services in Hong Kong

Jenia Cane   | Sep 20, 2016 11:13 PM EDT

China’s Alibaba Group Holding Limited is set to expand its Alipay services in Hong Kong as it aims to include 8,000 merchants before the year ends. read more

Lufthansa Group: Air China is Ideal Partner in PROC

Jenia Cane   | Sep 20, 2016 09:34 PM EDT

Deutsche Lufthansa AG has declared that Air China Ltd is an ideal business partner in the People’s Republic of China. read more

Apple to Discontinue free Return Policy in Hong Kong and Macau

Girish Shetti   | Sep 20, 2016 07:02 PM EDT

Apple has decided to discontinue its longstanding free-of-charge return policy in Hong Kong and Macau. read more

US President Obama Urges China to Address Overproduction

Girish Shetti   | Sep 21, 2016 07:37 AM EDT

U.S President Barack Obama has called on China to accelerate its measures to overcome overproduction in the country's industrial sector. read more

KKR Appoints New Head of Greater China Operations

Charissa Echavez   | Sep 20, 2016 07:27 PM EDT

Private equity firm KKR officially announced today that it had appointed Paul Yang, current President, and CEO of China Development Financial Corp., as its new Head of Greater China starting next year. read more

G20 Summit Trriggers Rise in Hangzhou's Tourism and Real Estate Sector

ALVIN MUNENE   | Sep 21, 2016 08:54 AM EDT

Hangzhou, Zhejiang Province has not only experienced an increase in tourism, but the city's real estate sector has also received a boost following the recent G20 Summit. read more

China’s Ministry of Commerce Speaks on Criticism by Foreign Investors

ALVIN MUNENE   | Sep 21, 2016 08:30 AM EDT

China's Ministry of Commerce has slammed critics who clam that the world's second largest economy does not favor businesses. read more

Alibaba Strengthens B2B Operations in India

Ellie Froilan   | Sep 20, 2016 06:19 PM EDT

Alibaba is taking further steps to improve its business-to-business (B2B) marketplace venture in India by establishing expanded Trade Facilitation Centre (TFC) program with new partners. read more

Tencent Pictures Joins Turner Asia-Pacific to Create Tuzki 3D Animated Film

Ellie Froilan   | Sep 20, 2016 06:13 PM EDT

Tencent Pictures is teaming up with Turner Asia-Pacific to develop a combined 3D animated and live action movie based on WeChat’s Tuzki, a popular cartoon rabbit emoticon. read more

China's Fulida Buys Stake in Australian Livestock Exporter Wellard

Charissa Echavez   | Sep 20, 2016 05:38 PM EDT

Fulida Group Holdings Co. has agreed to buy 17 percent of Australia's livestock exporter Wellard on Monday after its CEO Mauro Balzarini sold nearly half of its shares to the Chinese textile maker. read more

China’s Home Prices Continue to Grow in August

Staff Reporter   | Sep 20, 2016 01:57 PM EDT

China reported yet another aggressive growth rate in its home prices last month. According to the National Bureau of Statistics, the average prices of new homes in China's 70 major cities increased by 9.2 percent in August from the corresponding period last year. On a month-on-month basis, the index showed 1.5 percent growth. read more

China Cuts Tariffs on Technology Products to Give Fillip to Industrial Innovation

Rina S.   | Sep 20, 2016 01:14 PM EDT

China has announced that it is cutting tariffs on a wide range of technology products. The cuts are likely to give a push to industrial innovation in the country. read more

China Gas, Fosun Eye Bid for National Grid's $14.32 Billion Gas Business: Report

Charissa Echavez   | Sep 19, 2016 11:46 AM EDT

State-backed China Gas has joined forces with Club Med owner Fosun to bid for a controlling stake in National Grid's $14.32 billion gas business, which supplies about 11 million homes and businesses in Britain. read more

Alibaba Becomes Asia's Most Valuable Company

Ellie Froilan   | Sep 19, 2016 06:59 AM EDT

Alibaba has become the most valuable company in Asia; with a market value of more than $266 billion. read more

Bank for International Settlements Report Shows High Banking Stress in China

Rina S.   | Sep 19, 2016 07:46 AM EDT

The Bank for International Settlements (BIS), a leading global financial watchdog, has raised concerns about the growing level of banking stress in China. A report released by the BIS highlighted China's increasing corporate debt. China's banking stress level in the first quarter was at its highest since 1995. read more

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