12/24/2024 08:41:27 am
12/24/2024 08:41:27 am
Ellie Froilan | Apr 28, 2016 03:16 AM EDT
Chinese e-commerce giant Alibaba’s affiliate Ant Financial Services Group announced it has completed a huge new fundraising round, which can be used for expanding access to financial services in China's rural areas and improving the company's globalization. read more
Girish Shetti | Apr 28, 2016 10:19 AM EDT
French automobile manufacturer PSA - formerly known as PSA Peugeot Citroën - said on Wednesday that its global revenue and sales during the first quarter of the year declined due to poor demand from the Chinese market and currency fluctuation across emerging markets. read more
Girish Shetti | Apr 27, 2016 07:53 AM EDT
US Steel Corporation filed a fresh trade complaint against China on Tuesday as the US steel giant announced another disappointing quarterly result, partly owing to cheap steel imports from China. read more
Rina S. | Apr 27, 2016 10:39 AM EDT
One of the world’s most prolific corporations, Apple is having a hard time in China. The tech giant reported 26% decline in its quarterly revenue from mainland China, Hong Kong and Taiwan. Its sales in the region stood at $12.5 billion for the three month period ending in March on Year-over-Year basis. read more
Jayson Boral | Apr 27, 2016 05:18 AM EDT
In a bid to stop photo piracy, US-based stock photo agency Getty Images filed a formal complaint to European Union’s antitrust commission, accusing Google of promoting piracy. It is said that the search engine giant is free-riding on photojournalism business, without even generating its own content. read more
Desiree Sison | Apr 27, 2016 07:35 AM EDT
China is at a higher risk of being penetrated by criminal activities in its financial sector such as money laundering and financing of terrorist groups as it comes closer to being integrated into global markets, a high-ranking bank official warned on Tuesday. read more
Ellie Froilan | Apr 28, 2016 01:54 AM EDT
Apple Inc. has experienced a 26 percent decline on its iPhone sales in China, highlighting the impact of the saturated Chinese smartphone market on global gadget makers. read more
Girish Shetti | Apr 27, 2016 07:59 AM EDT
Alipay's operating company Ant Financial announced on Tuesday that it has received a staggering $4.5 billion in series B funding. The latest funding has propelled valuation of Ant Financial, which is affiliated to E Commerce giant Alibaba, to $60 billion. read more
Charissa Echavez | Apr 26, 2016 05:34 PM EDT
Japanese car maker Mitsubishi Motors Corp. has acknowledged that it has been falsifying its fuel economy tests since 1991. read more
Charissa Echavez | Apr 26, 2016 10:31 AM EDT
Finnish firm Nokia announced that it will buy digital health firm Withings for 1.2 billion yuan ($191 million) in cash to concentrate on its digital health business venture. read more
Desiree Sison | Apr 26, 2016 08:21 AM EDT
The chairman of a Chinese business management company is funder investigation after disappearing for ten days. He is also accused of taking 1 billion yuan ($153 million) of investors' money. read more
Rina S. | Apr 26, 2016 10:42 AM EDT
If you are in China and waiting to get some Disney treat, then you need to hold on for a while. China has suspended partnership between Alibaba and Disney, affecting airing of on-demand service DisneyLife. The collaboration was intended to bring Disney characters to China via Disney movies and back catalogs. 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
