12/23/2024 05:11:08 am
12/23/2024 05:11:08 am
Rina S. | Sep 14, 2016 03:28 PM EDT
China reported robust numbers for its industrial output, fixed asset investment, and retail sales in the month of August. read more
Ellie Froilan | Sep 14, 2016 03:16 PM EDT
Baidu has unveiled a US $200 million venture capital firm dedicated to virtual reality, augmented reality, and artificial intelligence (AI) projects. read more
Ellie Froilan | Sep 14, 2016 02:16 PM EDT
Alibaba Group payment affiliate Ant Financial Services has acquired EyeVerify Inc. to expand its business operations in the United States. read more
Anshu Shrivastava | Sep 13, 2016 02:35 PM EDT
Asia is projected to become the largest hub for global aviation in the next 20 years, as it becomes the world's leading travel market. Now, Boeing's projects that China's aviation market would become the world's first trillion-dollar market in 20 years. read more
ALVIN MUNENE | Sep 13, 2016 01:16 PM EDT
Chinese industries enjoyed enormous growth in the month of August due to an increase in government spending as well as growth in the credit and the real estate sector. read more
Rina S. | Sep 13, 2016 12:57 PM EDT
China has been urged to take steps to control the unchecked expansion of its housing market. People's Bank of China economist Ma Jun said that there is a need to curb excessive investment flowing into the real estate sector. He noted that a third of the financial system leverage generated in China over the past decade resulted from housing price increase. read more
Rina S. | Sep 13, 2016 11:43 AM EDT
Low-quality infrastructure investments may cause severe damage to China's economy and that of the globe. According to a study conducted by the Said Business School, more than half of the infrastructure investments made in China destroyed economic value rather than creating it. read more
Charissa Echavez | Sep 13, 2016 11:22 AM EDT
German engineering firm Siemens AG is reportedly considering selling its remaining stake in lighting business Osram Licht AG, valued at $872 million, to potential buyers including China's GSR GO Scale Capital. read more
Charissa Echavez | Sep 13, 2016 11:08 AM EDT
Venture capital company Sinovation Ventures, which is owned by Google Inc.'s former executive Kai-Fu Lee, has managed to raise more than 4.5 billion yuan ($674 million) to fund two new investments in China and the United States. read more
ALVIN MUNENE | Sep 13, 2016 09:06 AM EDT
A group of furious demonstrators flooded the streets of Shanghai on Monday protesting against an investment company that has failed to keep up with their payments since last year. The protesters are demanding that the government steps up its investigations into Dada Group arguing that the company has been illegally benefiting from their money. read more
Charissa Echavez | Sep 13, 2016 08:50 AM EDT
Coffee house chain Starbucks Corp. said on Monday that it is offering a slate of new tea drinks called Teavana in over 6,200 stores in China and the Asia-Pacific region. read more
Rina S. | Sep 12, 2016 12:10 PM EDT
E-commerce giant Alibaba is planning to boost its presence in member countries of the Association of Southeast Asian Nations (ASEAN). read more
Rina S. | Sep 12, 2016 12:03 PM EDT
The city of Nanning in Guangxi province is hosting the 13th China-ASEAN Expo as well as the China-ASEAN Business and Investment Summit. read more
Due to the coronavirus, people around the world have canceled their travel plans. Governments and health officials have warned the public to avoid boarding cruise ships and long flights. read more
