12/23/2024 05:01:10 am
12/23/2024 05:01:10 am
Jenia Cane | Sep 02, 2016 03:54 AM EDT
China's richest man Wang Jianlin had these to say for those who want to earn their first billion: "You shouldn't be that ambitious. Set a small target first, like earning 100 million yuan ($15m)." read more
ALVIN MUNENE | Sep 01, 2016 04:03 PM EDT
Chinese industries had shown a slight growth in the month of August but the economic growth of the world’s second largest economy remains average according to a recent survey done. read more
Ellie Froilan | Sep 01, 2016 02:57 PM EDT
HTC has invested $5 million in Steel Wool Studios, building up the virtual reality ecosystem. read more
ALVIN MUNENE | Sep 01, 2016 01:17 PM EDT
Chinese telecommunication infrastructure provider, Enice has improved financially in the first half of 2016 but still remains at loss. In a report, the company said they had registered a net loss of 3.5 million RMB. This is a 65.13 improvement from the 10.1 million RMB losses the company registered last year. read more
Charissa Echavez | Aug 31, 2016 11:34 AM EDT
In the first six months of this year, China Southern Airline's sales dropped by a significant 10.4 percent from 3.48 billion yuan ($520.9 million) a year earlier to 3.11 billion yuan ($467 million) as China suffers from foreign exchange losses. read more
Ellie Froilan | Aug 31, 2016 11:28 AM EDT
Microsoft has decided to sell its MSN China web portal Xichuang Technology, a company co-founded late last year by MSN China's former general manager. read more
Charissa Echavez | Aug 31, 2016 11:22 AM EDT
Investment firm Zhongwang USA LLC has agreed to buy Ohio-based aluminum company Aleris Corp for $2.33 billion including debt, the Chinese aluminum maker backed by Liu Zhongtian said on Monday, marking the biggest deal a Chinese firm has offered for a US metals producer. read more
Jenia Cane | Aug 30, 2016 11:10 PM EDT
China is currently poised to establish 15 national manufacturing innovation centers BY 2020. read more
Charissa Echavez | Aug 31, 2016 10:33 AM EDT
Private equity firm KKR & Co. is making some changes as two Chinese senior executives, namely David Liu and Julian Wolhardt, are set to leave the firm later this year to establish a new China-focused investment company, KKR revealed on Tuesday. read more
Charissa Echavez | Aug 30, 2016 11:39 AM EDT
Chinese automaker BYD Co Ltd, backed by Warren Buffett's Berkshire Hathaway Inc, said on Monday that it is anticipating a twofold increase of new energy vehicles sales to 120,000 units by the end of this year. read more
Ellie Froilan | Aug 30, 2016 07:13 AM EDT
China has introduced a new state-owned aircraft engine maker called Aero Engine Corp. of China (AECC) to decrease its dependence on Western suppliers for its aviation industry. read more
Charissa Echavez | Aug 30, 2016 07:06 AM EDT
General Motors will be intensifying the launch of its electric vehicles in China, Larry Nitz, GM Executive Director for Electrification, said. read more
Charissa Echavez | Aug 30, 2016 08:23 AM EDT
Chinese carmaker Shanghai Auto Industry Corporation (SAIC) posted positive net profit sales of more than six percent at 15.06 billion yuan ($2.25 billion) in the first half of the year, the company said in a statement to the Shanghai stock exchange last week. 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
