12/23/2024 07:23:24 pm
12/23/2024 07:23:24 pm
Charissa Echavez | May 26, 2016 03:42 PM EDT
American coffeehouse Starbucks announced on Thursday that it will establish its very first roaster in Shanghai, China, next year. This will be the first Starbucks Reserve Roastery & Tasting Room outside the United States. read more
Charissa Echavez | May 26, 2016 03:33 PM EDT
Ride-hailing food service app UberEATS landed in Singapore on Tuesday, May 25. This is the first country in Asia that the service is available in. read more
Girish Shetti | May 26, 2016 09:10 AM EDT
Wanda Group is set to open its first outdoor theme park dubbed "Nanchang Wanda City" in Jiangxi province on Saturday. The opening of Wanda Group's ambitious outdoor theme park is perfectly timed ahead of the inauguration of the much-anticipated Disney Resort in Shanghai. read more
Rina S. | May 26, 2016 08:16 AM EDT
U.S. regulators have initiated an inquiry into Alibaba's accounting practices following its annual blockbuster sales day last year. read more
Kat De Guzman | May 26, 2016 02:25 PM EDT
As reports of a minimum wage increase in the United States makes headlines, a former McDonald's CEO has warned that this move will guarantee massive job loss as robots will take over from human employees. read more
Rina S. | May 25, 2016 10:49 AM EDT
Billionaire Chinese tycoon Wang Jianlin has unveiled his plans to build a competing park to give stiff competition to the new Disneyland theme park in Shanghai. Disney will inaugurate its first theme park in mainland China on June 16 this year. Jianlin's Dalian Wanda Group also engages in the theme park business. read more
Charissa Echavez | May 25, 2016 01:19 PM EDT
Monsanto Co. has declined on Tuesday Germany's Bayer's $62 billion takeover offer; however, the biotech seed giant said it is open for further negotiations, which Bayer sees as an encouraging response. read more
Charissa Echavez | May 25, 2016 07:37 AM EDT
China Airlines announced on Tuesday that it will start selling Taoyuan-Tokyo tickets with no free checked baggage allowance. read more
Rina S. | May 24, 2016 11:47 AM EDT
Singapore-based Shanda Group has upped its stake in LendingClub, giving the beleaguered company's stock a healthy fillip. Shanda Group acquired an 11.7 percent share in the online lending company. The purchase, along with shares and options, makes Shanda one of the largest shareholder in LendingClub. read more
Charissa Echavez | May 24, 2016 07:00 AM EDT
China's Fujian Grand Chip Investment Fund (FGC) has made a takeover offer to the German semiconductor equipment maker Aixtron for 4.92 trillion yuan ($752 million), the two firms announced on Monday. read more
Charissa Echavez | May 24, 2016 11:33 AM EDT
Famous Italian luxury brand Versace has hired the former head of Alexander McQueen Jonathan Akeroyd as its new chief executive, replacing Gian Giacomo Ferraris. read more
Jenia Cane | May 23, 2016 08:23 PM EDT
American auto giant Tesla wants to see a more significant increase in its car sales in China before it decides to build a factory in the country. read more
Rina S. | May 23, 2016 06:51 AM EDT
China Mobile is planning to diversify its portfolio by entering insurance business. According to the online financial magazine, Caixin, the wireless carrier is planning to infuse 2 billion yuan ($305.6 million) for gaining foothold in the sector. read more
Julio Cachila | May 22, 2016 08:16 AM EDT
Shoe company Nike has teamed up with coffee giant Starbucks to create a coffee-inspired pair of sneakers that will surely be a hit among sneaker-loving coffee drinkers. read more
Girish Shetti | May 21, 2016 10:17 AM EDT
Despite the impressive success of the Tesla 3 in China, Tesla Motors is still hesitant to set-up a production unit in the world's second-largest economy. China recorded the largest pre-orders for the Tesla 3 outside of the United States. read more
Due to the coronavirus, people around the world have canceled their travel plans. Governments and health officials have warned the public to avoid boarding cruise ships and long flights. read more
