Business

BMW Unveils 1 Series Sedan Exclusively for China [VIDEO]

Manthan Chheda   | Jul 18, 2016 05:12 AM EDT

BMW has officially unveiled their new entry-level sedan, the BMW 1 Series, which debuted at the 2015 Guangzhou Auto Show as part of the German automaker's Compact Sedan concept. read more

Automaker Future Mobility to Launch Self-Driving Cars Before 2020

Ellie Froilan   | Jul 18, 2016 07:48 AM EDT

Future Mobility, an auto startup backed by internet giant Tencent Holdings Ltd., plans to launch an electric self-driving car before 2020. read more

Leaders at Asia–Europe Meeting Fail to Mention South China Sea Dispute in Official Statement

Girish Shetti   | Jul 18, 2016 07:16 AM EDT

Leaders at the 11th Asia-Europe Meeting (ASEM) issued a final statement on Saturday before concluding the annual regional summit in Mongolia. The regional summit, which brings together key European and Asian countries together, did not directly mention the critical South China Sea issue in the final statement. read more

Samsung Electronics in Negotiation to Pick up Minority Stake in BYD: Report

Girish Shetti   | Jul 17, 2016 08:23 AM EDT

South Korean electronic major Samsung is negotiating with Chinese electronic car maker BYD to pick up minority stake in the company, as Samsung seeks to expand its horizon in the lucrative automobile industry. read more

Pokemon Go Knockoff 'City Spirit Go' Tops Charts in China [VIDEO]

Manthan Chheda   | Jul 15, 2016 04:36 AM EDT

The world seems to be going crazy about Pokémon Go and although the incredibly popular augmented reality smartphone game might not get a China release due to stringent censorship laws and other technical issues, a copy of the game called "City Spirit Go" is topping charts in the country. read more

China's Economy Grows by 6.7% in Second Quarter, Beats Analysts Expectations

Girish Shetti   | Jul 15, 2016 10:56 AM EDT

The Chinese economy grew by 6.7 percent in the second quarter of the current financial year, according to data released by National Bureau of Statistics. read more

Yum Brands Raises Profit Outlook as Business Rebounds in China

Girish Shetti   | Jul 15, 2016 08:35 AM EDT

Buoyed by strong sales in China, Yum Brands has raised its profit outlook for the full year. This may signal a change of the company's fortune in the important Chinese market, where Yum's profits have been affected by series of food scandals in recent years. read more

Chinese Premier Arrives in Mongolia to Boost Bilateral Relations

Girish Shetti   | Jul 15, 2016 08:20 AM EDT

Chinese Premier Li Keqiang arrived in Mongolia's capital city Ulaanbaatar on Wednesday to start his diplomatic visit to the land locked country, where he will also be attending the 11th Asia-Europe Summit later this week. read more

Tencent to Acquire China Music Corporation

Girish Shetti   | Jul 15, 2016 08:14 AM EDT

China's Internet conglomerate Tencent Holdings is set to become a majority stakeholder in one of China's leading music streaming companies, a move that will make Tencent a dominant player in China's lucrative music streaming industry. read more

China’s Export Declined Sharply in June on Account of Weak Global Demand

Girish Shetti   | Jul 14, 2016 07:54 AM EDT

China's export declined steeply in the month of June as weak global demand and international economic uncertainties continues to affect the world's second largest economy. read more

China Railway Construction Corporation Plans to Invest in Indian Highway Projects

Girish Shetti   | Jul 13, 2016 02:45 PM EDT

China Railway Construction Corporation (CRCC) - China's largest rail and road construction company - has expressed keen interest in investing in India's highway projects. This is in response to the Indian government's sustained effort to attract global investor's interest to its struggling infrastructure sector. read more

ChemChina Pushes Syngenta’s Acquisition Deadline to September 13: Report

Girish Shetti   | Jul 13, 2016 02:38 PM EDT

China National Chemical Corp, better known as ChemChina, has once again extended the deadline of its $43 billion acquisition of Swiss seed and pesticide company Syngenta Inc. read more

China's COMAC Wins $2.3B Deal for Home-Made ARJ21

Charissa Echavez   | Jul 13, 2016 02:19 PM EDT

China's Commercial Aircraft Corp. of China (COMAC) won a deal to sell 60 ARJ21 regional jets valuing up to $2.3 billion to China Aircraft Leasing Group. read more

IKEA Gives in to Chinese Pressure, Plans to Issue Recall for Problematic Malm Dressers in China

Girish Shetti   | Jul 13, 2016 01:07 PM EDT

After two weeks of unrelenting pressure from the Chinese government, Swedish furniture giant IKEA on Tuesday announced that it would recall its Malm series sets of drawers in China. read more

LeEco Recruits Qualcomm's Jaiteerth Patwari as R&D Head of LeMall

Ellie Froilan   | Jul 13, 2016 11:14 AM EDT

LeEco has appointed Qualcomm’s Jaiteerth Patwari to head its e-commerce platform LeMall in India. read more

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