Business

China's Donghai Airlines to Purchase 30 Boeing Airplanes for $4 Billion

Charissa Echavez   | Jul 12, 2016 03:49 PM EDT

China's Donghai Airlines has announced that it plans to purchase 30 Boeing aircraft worth over $4 billion at list prices, the plane manufacturer said on Monday. read more

Boeing Boosts 20-Year Forecast for New Aircrafts Following Deal With China's Xiamen Airlines

Charissa Echavez   | Jul 12, 2016 03:11 PM EDT

American aircraft manufacturer Boeing boosted its 20-year forecast for the global aircraft market on Monday, as it announced its multi-billion dollar deal to sell aircrafts in China. read more

Guy Hands' Terra Firma In Talks to Sell Odeon to Wanda-Backed AMC for $1.31B: Report

Charissa Echavez   | Jul 12, 2016 10:58 AM EDT

Private equity firm Terra Firma founded by Guy Hands is reportedly in talks with Wanda-backed AMC Entertainment Holdings to sell the Odeon cinema chain for £1 billion ($1.31 billion). read more

Michigan-China Innovation Center Opens in Downtown Detroit

Charissa Echavez   | Jul 11, 2016 10:59 AM EDT

The Michigan-China Innovation Center has opened a new office in the 1001 Woodward Building in downtown Detroit on Monday, July 11. read more

LeEco to Expand Operation in the U.S. Market

Ellie Froilan   | Jul 11, 2016 10:53 AM EDT

LeEco plans to sell its smartphones and TVs in the United States as it seeks to expand from China and India. read more

China's BAIC Enters the Mexican Market

Charissa Echavez   | Jul 11, 2016 10:31 AM EDT

China's BAIC has established a sales division in Mexico and started selling cars imported from China, a senior company executive said. read more

Temasek Raises Stake in JD.com

Charissa Echavez   | Jul 11, 2016 10:14 AM EDT

Investment firm Temasek Holdings has increased its stake in China's JD.com by 19.84 percent, according to a latest regulatory filing with the Securities Exchange Commission (SEC). read more

Telefonica Sells 1.51% Stake to China Unicom for $356M

Charissa Echavez   | Jul 11, 2016 08:42 AM EDT

Spanish telecommunication provider Telefonica has raised around $356 million by selling 1.51 percent of its shares to China Unicom, the company said in a statement on Monday, July 11. read more

China's Changan Automobile to Enter Indian Market in 2017: Rumors

Charissa Echavez   | Jul 09, 2016 04:10 PM EDT

China's Changan Automobile Company is reportedly planning to establish a factory in India in the next financial year, according to reports. read more

SUVs, Electric Vehicles Accelerate Gains in China Auto Sales

Charissa Echavez   | Jul 09, 2016 04:41 PM EDT

The sales of passenger-vehicles in China increased in the first half of the year, driven by the demand for sport-utility vehicles (SUVs), crossovers, and new-energy vehicles. read more

Wal-Mart China Employees Report to Work After Wildcat Labor Strike

Charissa Echavez   | Jul 09, 2016 04:33 PM EDT

Workers who staged a protest at Wal-Mart Stores Inc. outlets in China have allegedly reported back to work after the company agreed to consider their protests against a new work scheduling system. read more

Ford, GM See Sale Growth in China in June and First Half of 2016

Charissa Echavez   | Jul 09, 2016 07:50 AM EDT

U.S. premium brands Ford, General Motors and their joint venture partners saw an increase in their sales in June 2016 as well as a strong first half of the year in China. read more

Chinese Firms Go on a Shopping Spree to Diversify Global Health Assets: Report

Charissa Echavez   | Jul 09, 2016 07:34 AM EDT

China's health care companies are on a shopping spree, with over $3.9 billion overseas acquisitions in the fields of pharmaceutical, biotechnology, and health care so far, according to data compiled by Bloomberg. read more

China Cosco to Allocate $552M for Investment in Greek Port of Piraeus

Charissa Echavez   | Jul 08, 2016 08:51 AM EDT

China Cosco Holdings is anticipated to invest $552 million in the Greek Port of Piraeus over the next five years, with a focus on its cruise market and shipping container business, the firm's president announced on Wednesday. read more

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