Business

LeEco Plans to buy U.S. TV Company VIZIO

Ellie Froilan   | Jul 25, 2016 10:27 AM EDT

LeEco is planning to purchase the American TV company VIZIO. The two companies are expected to announce the deal at a Hollywood event on July 26. read more

Huawei’s Announces 40 Percent Rise in Revenue in First Half of the Year

Girish Shetti   | Jul 25, 2016 10:14 AM EDT

Chinese technology giant Huawei on Monday said that its revenue rose by 40 percent but its operating profit dipped marginally during the first half of the financial year read more

China Slaps Japan, EU and South Korea with Duty on Steel Imports

Manthan Chheda   | Jul 25, 2016 03:36 AM EDT

China's Ministry of Commerce said that it had started imposing anti-dumping duty on certain steel imports from the European Union, Japan and South Korea. read more

Post Brexit, UK Seeks Free Trade Deal with China

Girish Shetti   | Jul 25, 2016 08:56 AM EDT

The UK's Chancellor Philip Hammond has expressed confidence that Britain would be able to seal a historic free trade deal with China soon. read more

Anti-U.S. Demonstrators Target Unofficial Apple Stores in China

Girish Shetti   | Jul 24, 2016 01:28 PM EDT

American electronic giant Apple Inc. found itself in a sticky situation in China this week after some of its unofficial stores were targeted by small group protesters calling for a complete boycott of the company's products. read more

China Securities Regulator Lashes out at China Vanke Management and Major Shareholders, Asks Them to Resolve Their Differences

Som Patidar   | Jul 23, 2016 04:02 PM EDT

China's national market regulator - China Securities Regulatory Commission (CSRC) - has issued a stern warning to the management of China Vanke and its major stakeholders over the ongoing takeover dispute with Baoneng Group. read more

MasterCard Plans to Apply for Payment License in China

Charissa Echavez   | Jul 23, 2016 07:10 AM EDT

MasterCard is planning to apply for a payment license in China this year after the country opened its market to foreign providers, senior executives revealed on Friday read more

China's Dalian Wanda to Sell Historic Madrid Skyscraper for $300M

Charissa Echavez   | Jul 23, 2016 07:06 AM EDT

Dalian Wanda Group, which is owned by China's richest man Wang Jianlin, has reached a preliminary agreement to sell its historic Madrid skyscraper to a Spanish developer Baraka Global Invest SL for $300 million, the company revealed on Friday to the Hong Kong stock exchange. read more

Samsung Fires Fresh Salvo Against Huawei in Law Infringement Battle

Girish Shetti   | Jul 23, 2016 07:02 AM EDT

Electronics and smart phone giant Samsung said on Friday that it has sued China's telecom major Huawei Technologies for patent infringements in multiple courts in China. read more

Hyundai Dealers in China Seek up to $135M as Compensation

Charissa Echavez   | Jul 21, 2016 01:31 PM EDT

A group of 30 Hyundai Motor Co dealers in China is seeking between 800 million ($120 million) and 900 million ($135 million) worth of compensation from the South Korean auto manufacturer for dealership losses and closures they blame on its manufacturing policy. read more

Uber Backers Claim Ride-Hailing Company Made Deals With Didi, But Chinese Company Denies Ties

Kat De Guzman   | Jul 21, 2016 01:16 PM EDT

Investors in Uber Technologies Inc. have reportedly revealed that deals are being made between the U.S. ride-hailing giant and its counterpart in China, Didi Chuxing. read more

GSR Capital's Sonny Wu Leads AC Milan Takeover: Reports

Charissa Echavez   | Jul 21, 2016 11:50 AM EDT

GSR Capital owner Sonny Wu is reportedly in advanced talks to acquire Italian soccer club AC Milan from Silvio Berlusconi's Fininvest SpA, according to sources familiar with the matter. read more

Qualcomm Releases New Forecast Report with China as Biggest Contributor

Ellie Froilan   | Jul 22, 2016 07:28 AM EDT

Qualcomm has released its new forecast for the current quarter, predicting that China will have the strongest demand for its mobile chips. read more

China Targets South China Sea Tourism Market; Plans to Operate Eight Cruise Ships in Disputed Water

Som Patidar   | Jul 21, 2016 11:40 AM EDT

China is aiming to tap into the tourism market in the disputed South China Sea. read more

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