Business

Alibaba-Owned Alipay in Talks to buy 25 Percent Stake in German Company Wirecard AG: Report

Girish Shetti   | Jun 27, 2016 05:04 AM EDT

Reports in German media are claiming that the German banking software company Wirecard AG is in talks with top representatives of China's financial services company Alipay. read more

China's Midea Group to Acquire 80 Percent of Italy's Clivet SpA

Charissa Echavez   | Jun 27, 2016 01:21 PM EDT

Electrical appliance maker Midea Group has agreed to buy an 80 percent stake in Italian air conditioner manufacturer Clivet SpA, Clivet Espana SA, and related real estate assets. read more

India's Flipkart to Source Cheaper Bulk Products in China

Charissa Echavez   | Jun 27, 2016 09:25 AM EDT

E-commerce company Flipkart has set its eyes on China to procure bulk products at lower prices to offer a wider range of items on its platform. read more

China-led AIIB Holds First Annual Meeting in Beijing, Brexit Dominates Discussions

Girish Shetti   | Jun 26, 2016 11:40 PM EDT

The China-led Asian Infrastructure Investment Bank (AIIB) held its first annual general meeting in Beijing on Saturday. The finance ministers of most of the 57 member states participated and a host of important financial issues were discussed. read more

China, Russia Strike US$50 Billion Investment Deal During Putin's Visit

Desiree Sison   | Jun 26, 2016 05:14 AM EDT

More than $50 billion worth of joint investments were agreed upon by China and Russia during Russian President Vladimir Putin's state visit to Beijing last Saturday. read more

Indian FM Arun Jaitley Visits China, Tries to woo Chinese Investors

Girish Shetti   | Jun 26, 2016 04:45 AM EDT

Indian Finance Minister Arun Jaitley on Saturday met his Chinese counterpart Lou Jiwei and discussed about range of bilateral economic issues as well as global macroeconomic issues. read more

China Airlines Managment, Cabin Crew Labor Union Reach Agreement

Charissa Echavez   | Jun 25, 2016 04:38 AM EDT

Following the unprecedented strike last Friday, the management of Taiwan's China Airlines and flight attendants' labor union have finally arrived to an agreement and will resume work on Monday. read more

Qualcomm Sues Alibaba-Backed Meizu Technology

Charissa Echavez   | Jun 25, 2016 04:08 AM EDT

Chipmaker Qualcomm Inc. is suing Chinese smartphone maker Meizu Technology Co. in the Beijing court over the tech company's violation of intellectual property. read more

Japan's Sharp Corp. Gives Green Light to Taiwan's Foxconn Acquisition

Charissa Echavez   | Jun 24, 2016 03:03 PM EDT

Japan's electronics giant Sharp Corp. became the first electronics manufacturer to be under foreign ownership after shareholders of the company gave a green light at a meeting in Osaka on Thursday to be taken over by Taiwan's Hon Hai Precision Industry Corp. read more

Chinese Court Rules Against U.S. Sportswear Company New Balance in Trademark Infringement Case

Girish Shetti   | Jun 24, 2016 05:11 AM EDT

A local court in Chinese city of Guangdong has upheld a previous ruling against U.S. sportswear giant New Balance in a trademark infringements case. read more

Why Microsoft, LinkedIn Merging A Potential Problem in China

Charissa Echavez   | Jun 24, 2016 05:41 AM EDT

Microsoft's plan to acquire business-oriented social networking service LinkedIn seems to face a problem in China because of the censorship law in the country. read more

Business Consultant McKinsey Estimates China's Economy Could Grow to $5.6 Trillion by 2030

Kat De Guzman   | Jun 24, 2016 04:15 AM EDT

The business consultancy called McKinsey Global Institute said in a statement on Thursday that China's economy could grow to $5.6 trillion via gross domestic product and $5.1 trillion of new income for households by the year 2030. read more

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