Business

Premier Li Kequiang Vows to Enhance China’s Investment Climate

Jenia Cane   | Jun 09, 2016 10:39 PM EDT

Premier Li Kequiang has committed to further enhance China's investment climate by establishing a fair, equal and transparent market for foreign business people. read more

Airbnb Promises to Fight Racism and Gender Discrimination by Hosts

Rina S.   | Jun 10, 2016 02:00 AM EDT

Airbnb is planning to take steps to curb discriminatory practices by hosts on the home sharing website. read more

Chinese Smartphones are a big hit in India, but Chinese Apps are not

Girish Shetti   | Jun 09, 2016 04:24 PM EDT

Chinese smartphone companies like Lenovo, Xiamo, Oppo and Huwaei have become a household name in the Indian smartphone market. They have given established homegrown companies like Micromax and global smart phone giant Samsung a run for their money. read more

Uber and Fiat Chrysler may Collaborate on Autonomous Cars

Rina S.   | Jun 09, 2016 03:20 PM EDT

Ride-sharing company Uber Technologies Inc. is reported to be in talks with Fiat Chrysler Automobiles NV for a potential collaboration on autonomous cars. According to the Wall Street Journal, the talks are still in the preliminary stage. Uber is also said to be holding talks with several other auto makers. read more

China’s Exports Declines for Second Straight Month Due to Weak Global Demand

Girish Shetti   | Jun 08, 2016 02:16 PM EDT

China's exports declined in May for the second straight month; imports also declined moderately as weak global demand continued to drag down the world's second largest economy. read more

Fosun Group Leads the Race to Acquire Indian Pharmaceutical Company Gland Pharma

Girish Shetti   | Jun 08, 2016 05:12 PM EDT

Shanghai Fosun Pharmaceutical (Group) has emerged as a top bidder for Indian pharmaceutical company, Gland Pharma. read more

Amazon Plans to Invest $3 Billion to Boosts Position in India

Rina S.   | Jun 08, 2016 07:40 PM EDT

Amazon is upping its game in India further by investing $3 billion in the emerging economy. The company's CEO Jeff Bezos announced the new initiative, which will take the e-commerce giant's total investment in India to $5 billion. read more

Yahoo Puts 3,000 Patents up for Sale

Rina S.   | Jun 08, 2016 02:55 PM EDT

Struggling web company Yahoo has put 3,000 of its patents up for an auction. The company expects to generate over $1 billion in proceeds from the sale. Yahoo has hired boutique investment bank Black Stone IP LLC for this purpose. The bank specializes in patent sales. read more

Jack Ma Buys Another French Chateau in Bordeaux

Christian George Acevedo   | Jun 08, 2016 03:19 PM EDT

Jack Ma has bought the Chateau Perenne in Blaye Cotes de Bordeaux, a move that expands his wine estates in the region. read more

Nick and Christian Candy: Billionaire Developers Get Zero Tax Deal and it was Completely Legal - Here's How!

Christian George Acevedo   | Jun 08, 2016 12:11 PM EDT

Nick and Christian Candy are two billionaire British property developers who can transform any property that comes into their hands into a prized real estate asset. read more

Baidu Joins Hands with China Pacific Insurance, to Start Online Auto Insurance Business

Rina S.   | Jun 08, 2016 02:30 AM EDT

Chinese online search behemoth Baidu Inc. announced a joint venture with China Pacific Property Insurance, a subsidiary of China Pacific Insurance Group Co. earlier this week. read more

China Draws Criticism over 'Increasingly Hostile' Business Environment for Foreign Companies

Rina S.   | Jun 08, 2016 02:09 AM EDT

The European Union Chamber of Commerce, which represents more than 1,600 European companies operating in China, expressed its growing concern over the "hostile" business environment for foreign companies in the country. read more

How Much Online Chinese Tutors Are Earning Will Surprise You!

Christian George Acevedo   | Jun 07, 2016 09:22 AM EDT

In China, innovative online tutors are raking in big bucks. read more

Bitauto Raises $300 Million in Funding Round: Baidu Invests $50 Million

Staff Reporter   | Jun 07, 2016 05:38 PM EDT

Bitauto Holdings Ltd., an online content and marketing services outfit, raised $300 million in its latest funding round. Leading technology companies such as JD.com, Tencent and Baidu participated, with each contributing $50 million. read more

New Owner of Playboy Mansion Named: How Much Money the House Costs Will Stun You!

Christian George Acevedo   | Jun 06, 2016 11:29 PM EDT

The Playboy Mansion owned by playboy publisher Hugh Hefner now has a buyer—and he’s willing to pay top price! read more

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