Business

Cheetah Mobile to Start Focusing More on Content-Driven Business

Girish Shetti   | Aug 23, 2016 02:15 PM EDT

Cheetah Mobile Inc, a leading Beijing-based internet company, is turning its focus to content-driven business, following the acquisition of media app operator News Republic in the second quarter. Cheetah Mobile is known for making security-based value added apps such as Battery Doctor, Clean Master, Duba Anti-virus. read more

Alibaba's new Cloud Computing Competitor is Kingsoft Corp

Ellie Froilan   | Aug 23, 2016 01:29 PM EDT

Alibaba may have a new competitor in the Chinese market in terms of cloud computing services. Its newest rival is a Beijing-based company named Kingsoft Corp. read more

Xiaomi to Enter U.S. Smartphone Market Soon

Ellie Froilan   | Aug 23, 2016 01:22 PM EDT

Xiaomi has announced that it is preparing to enter the American smartphone market in the near future. read more

Foxconn Confirms Death of 2 Workers at Zhengzhou Plant

Girish Shetti   | Aug 22, 2016 01:03 PM EDT

The world's largest contract electronics manufacturer, Foxconn Ltd, on Monday confirmed the death of two workers at its Zhengzhou factory, which is primarily used to make parts for Apple devices; read more

BAIC to Develop New Car Models Using Old Mercedes Benz Platform

Charissa Echavez   | Aug 22, 2016 12:58 PM EDT

China's BAIC Motor Group has gained approval from partner Daimler to develop new models using an old Mercedes-Benz E-class platform. read more

Mazda Issues Recall for Over 11,000 Cars in China

Charissa Echavez   | Aug 22, 2016 12:36 PM EDT

Japanese automaker Mazda Motor Corporation has issued a recall for 11,449 imported vehicles in China because of faulty lower control arm components, the country's top quality watchdog announced on Friday. read more

U.S Regulator to Approve ChemChina’s $44bn Takeover of Syngenta

Girish Shetti   | Aug 22, 2016 11:58 AM EDT

In a major push to ChemChina's global ambition, ChemChina's $43 billion acquisition of Syngenta AG is reported to be in the final stages of being cleared by the U.S. regulator. read more

Alibaba Teams up With Ingenico for Alipay Payment Deal in Europe

Ellie Froilan   | Aug 22, 2016 08:06 AM EDT

Alibaba and Ingenico are collaborating to allow Chinese consumers use Alipay in Europe. read more

Alibaba Launches Mission Million Books Campaign in India

Ellie Froilan   | Aug 22, 2016 08:14 AM EDT

Alibaba has announced its plan to launch Mission Million Books, a book donation drive, in India to invite people to donate textbooks and educational material to empower the underprivileged. read more

ZTE Gets 3-Month License Extension in the U.S.

Jenia Cane   | Aug 20, 2016 10:07 PM EDT

Chinese multinational tech company ZTE Corp. has just been granted a three-month extension for its operation in the US. read more

India Levies Anti-Dumping Duty on Steel Products From China

Som Patidar   | Aug 20, 2016 08:51 AM EDT

The Indian government has imposed an anti-dumping duty on cold-rolled (CR) flat steel products from China. read more

Laura Ashley to Open in China via House of Fraser, Tmall

Charissa Echavez   | Aug 18, 2016 01:19 PM EDT

Fashion and furniture maker Laura Ashley will officially make its way into China through House of Fraser and Alibaba-backed Tmall. read more

Alipay Strikes Deal With French Company Ingenico to Serve Chinese Tourists in Europe

Girish Shetti   | Aug 18, 2016 12:52 PM EDT

Alipay, China's leading online-payment platform, has inked a deal with French-based company Ingenico Group, in a bid to increase it's foothold in the European market. read more

Chinese Airlines Splashing Cash to Lure Foreign Pilots

Manthan Chheda   | Aug 18, 2016 05:27 AM EDT

China is offering high salaries to lure foreign pilots in a bid to meet the increasing demand of air travel in the country. read more

Tencent Q2 Profit Report Gains From Mobile Gaming

Ellie Froilan   | Aug 18, 2016 11:26 AM EDT

Tencent has released a report on its second quarter earning, showing a strong revenue growth in smartphone games. read more

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