Business

Apple Struggles to Make Profit in China

Ellie Froilan   | Jul 08, 2016 08:33 AM EDT

Apple's iPhone profit in China declined in May, falling to the fifth place behind local Chinese brands. read more

China State Shipbuilding Corporation to Partner with Italian Firm to Build World-Class Cruise Ships

Jenia Cane   | Jul 07, 2016 09:22 AM EDT

The future looks bright for the China State Shipbuilding Corporation (CSSC), as the company gears up to enter the highly lucrative cruise liner market. read more

Alibaba and SAIC to Mass Produce China’s First Internet-Enabled Car Soon

Jenia Cane   | Jul 07, 2016 08:55 AM EDT

Alibaba has taken innovation to a different level with the unveiling of its first internet-enabled car on Wednesday. read more

LeEco: Chinese Tech Giant to Make US Debut in Three Months

Manthan Chheda   | Jul 07, 2016 02:23 AM EDT

After thriving in markets like China as well as India, Chinese tech and media company LeEco will now cater to customers in the United States. read more

China Resources Beer to Raise $1.2 Billion Through Rights Shares, Plans to buy Remaining Stake in Snow Beer Joint Venture

Som Patidar   | Jul 06, 2016 09:05 AM EDT

China Resources Beer is looking to raise $1.2 billion by issuing rights shares. read more

Samsung Slashed Thousands of Job in China, Other Countries in 2015

Charissa Echavez   | Jul 06, 2016 11:43 AM EDT

South Korean smartphone giant Samsung has revealed it cut thousands of jobs in China, Europe, Latin America, and Korea in 2015. However, the company continued to recruit for its research and development centers based in the Southeast Asia and Japan regions. read more

Chinese Consumers Want Ikea to Recall Dressers After Incidents in North America

Kat De Guzman   | Jul 06, 2016 10:28 AM EDT

Chinese consumers are calling on Swedish furniture maker, Ikea, to recall its dressers and chests shipped to the country after the company announced a recall of the same products in the United States and Canada. read more

Berlusconi Sells AC Milan to Chinese Company "With Public Capital"

Charissa Echavez   | Jul 06, 2016 10:15 AM EDT

Former Italian Prime Minister Silvio Berlusconi has sold club AC Milan to a Chinese consortium, he told the press on Tuesday. read more

SMRT to Ship Back 26 Trains to Chinese Manufacturer: Report

Charissa Echavez   | Jul 06, 2016 10:06 AM EDT

Public transport operator SMRT Corporation is allegedly shipping back 26 out of the 35 China-made trains it is using due to structural defects. read more

China Will Soon Taste More Blueberries From British Columbia

Charissa Echavez   | Jul 05, 2016 03:56 PM EDT

China will soon get to taste more of British Columbia's blueberries as it ramps up into large-scale exporting. read more

Bank of China Provide Loan for Chinese Paper Firm in Ho Chi Minh City

Kat De Guzman   | Jul 05, 2016 02:14 PM EDT

The Bank of China has signed the loan for Cheng Yang Paper Mill Company on Monday amounting to $168 million dollars. read more

CICC, China Investment Securites in Preliminary Stages of Strategic Cooperation Discussion

Charissa Echavez   | Jul 05, 2016 06:54 AM EDT

China International Capital Corporation (CICC) and brokerage firm China Investment Securities Co. are reportedly in preliminary talks over a potential strategic cooperation and other business opportunities, CICC said in a stock exchange filing on Monday. read more

China's State Grid to buy Camargo Correa's CPFL Energia Stake for $1.8B

Charissa Echavez   | Jul 04, 2016 08:29 AM EDT

China's State Grid International Development Ltd. is set to acquire a controlling stake worth $1.8 billion in CPFL Energia SA, Brazil's biggest power distributor announced on Friday. read more

Chinese Students Selling Australian Products in China Enjoy High Revenues

Jenia Cane   | Jul 04, 2016 02:50 AM EDT

Selling Australian products to people in China has become a lucrative business for Chinese students who are studying in the Land Down Under. read more

China Vanke Refuses Baoneng's Call for Shareholder's Meeting

Charissa Echavez   | Jul 04, 2016 07:41 AM EDT

Property developer China Vanke has refused to call an extraordinary shareholder meeting (EGM) as requested by its largest stakeholder Baoneng, the company announced on Sunday. Baoneng is seeking to oust the CEO and members of the board of China Vanke. read more

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