Business

Alibaba Collaborates With Samsung for Mobile Payment

Rina S.   | May 20, 2016 04:37 PM EDT

Alibaba Group Holding Ltd. has inked a new deal with Samsung Electronics Co. to giving a boost to mobile payments. The collaboration will help Samsung to gain a foothold in the Chinese market, while assisting Alibaba in expanding its global outreach. read more

Tim Cook Visits India, Announces Apple Maps Centre In Hyderabad

Som Patidar   | May 19, 2016 12:47 PM EDT

Apple's Chief Executive Officer (CEO) Tim Cook has announced the opening of an Apple Maps centre in the southern Indian city of Hyderabad. Cook made the revelation during his first visit to India. read more

Tencent, Baidu to Lead China's Digital Ad Market

Charissa Echavez   | May 19, 2016 12:26 PM EDT

Tech giants Baidu and Tencent are expected to dominate China's digital advertising market, just like their American counterparts Google and Facebook, according to a report from Goldman Sachs. read more

Chinese Company Midea Makes $5 Billion Offer for German Robotics Firm Kuka

Rina S.   | May 19, 2016 11:30 AM EDT

China's leading home appliance manufacturing company Midea has disclosed its bid for German robot-making firm Kuka. The Chinese company has offered a proposal of $130 per share for a controlling stake in the robotics company. The bid values the German company at more than $5 billion. read more

Alibaba’s Jack Ma Cancels Talk at Anti-Counterfeiting Conference

Jenia Cane   | May 18, 2016 11:11 PM EDT

Alibaba Chairperson Jack Ma has decided to forego an anti-counterfeiting conference in the United States after the Chinese e-commerce giant's membership was suspended by the same group which organized the event. read more

China is US' Biggest Overseas Real Estate Buyer

Charissa Echavez   | May 19, 2016 06:03 PM EDT

Amid China's economic slowdown, Chinese investors have been named the biggest overseas buyers of US real estate, according to a report from the Asia Society and Rosen Consulting Group, which was released on Monday, May 16. read more

China's Huashi TV Secures Digital Rights to 71 Western Movies at Cannes

Charissa Echavez   | May 18, 2016 05:37 PM EDT

China's media firm Huashi TV has successfully secured digital rights to 71 US and European movies at the Cannes market. read more

China's Fosun Ambitiously Aims to Become a World Leader: Report

Charissa Echavez   | May 18, 2016 08:55 AM EDT

China's Fosun Group is aiming to become world leader in the fields of tourism, healthcare and insurance, Guo Guangchang, the company's chairman and cofounder, told Reuters in an exlusive interview on Tuesday. read more

China's Virtual Reality Market to be Worth $8.5 Billion by 2020

Charissa Echavez   | May 18, 2016 07:40 AM EDT

China's virtual reality market is expected to be worth $8.5 billion by 2020, and three tech giants are attempting to take advantage of the fast-growing market. read more

Microsoft to Sell Nokia Lumia Unit to Foxconn: Reports

Charissa Echavez   | May 18, 2016 01:41 PM EDT

Microsoft is planning to give up its Lumia business and sell Nokia to Foxconn. read more

Pres. Xi Jinping: China Needs to Aggressively Pursue Supply Side Structural Reforms

Jenia Cane   | May 17, 2016 09:03 PM EDT

President Xi Jinping wants China to aggressively carry out supply side structural reforms, as he called on local government officials to formulate policies that will help achieve the Central Government's economic strategy. read more

HBO Teams Up With China Movie Channel

Charissa Echavez   | May 17, 2016 02:32 PM EDT

American premium cable and satellite television provider HBO is reportedly collaborating with China Movie Channel to co-produce TV movies intended for Chinese audiences, according to The Hollywood Reporter. read more

China's ICBC Deals With Barclays for $90 Billion London Gold Vault

Ellie Froilan   | May 16, 2016 10:28 PM EDT

China’s ICBC Standard Bank will acquire Barclays' London precious metals vault, increasing the Chinese bank role in the market’s infrastructure. read more

Amazon to Launch New Private Label of Groceries

Ellie Froilan   | May 16, 2016 09:32 AM EDT

Amazon plans to launch its own-brand of food and baby products through a series of new private labels. read more

Tsinghua Holdings Reveals Unspecified Stake in Silicon Valley's Marvell Technology

Charissa Echavez   | May 15, 2016 10:15 AM EDT

China's Tsinghua Holdings Co. has revealed that it has acquired an unspecified stake in Silicon Valley's chip maker Marvell Technology. The revelation was made in a filing with the United States Federal Trade Commission (FTC) on May 6. read more

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