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Charissa Echavez

Xiaomi Launches New Sub-Brand Mi Ecosystem (Mijia), Introduces First Smart Rice Cooker

Apr 01, 2016 10:19 AM EDT

China's top smartphone maker Xiaomi has diversified its ecosystem and launched a new product line called Mijia, which explores the smart home sector, founder Lei Jun announced at a press conference in Beijing on Tuesday.

Here are some interesting facts about Shanghai Disneyland.

Five Interesting Facts About Shanghai Disneyland

Charissa Echavez |

Apr 01, 2016 10:08 AM EDT

As Shanghai Disneyland is set to open its magical doors this coming June 16, here's a glimpse of five interesting facts about the latest theme park.

China's Anbang Drops $14 Billion Bid Offer for Starwood Hotels

Charissa Echavez |

Apr 01, 2016 07:17 AM EDT

China's Anbang Insurance Group Co. dropped its $14 billion bid offer for Starwood Hotels & Resorts Worldwide Inc because of "market consideration," a surprise move just two days after the Chinese insurer raised its offer from $13.9 billion.

ADB predicts China's growth will decline by 6.5 and 6.3 percent in 2016 and 2017, respectively.

ADB Predicts China's Growth to Plummet by 6.5 Percent in 2016

Charissa Echavez |

Mar 31, 2016 08:34 AM EDT

China's growth will plummet by 6.5 percent in 2016 and further reduce to 6.3 percent in 2017, according to the annual economic outlook released by the Asian Development Bank (ADB) on Wednesday, further cautioning the country's huge industrial overcapacity.

Boeing Co. plans to cut up to 8,000 jobs as plane sales battle toughens

Boeing to Cut 8,000 Commercial Plane Jobs to Remain Competitive, Sources Reveal

Charissa Echavez |

Mar 31, 2016 08:32 AM EDT

Boeing Co. is reportedly planning to slash up to 8,000 jobs in its commercial plane section, according to two sources, a move that could cut a $1 billion cost and help against its sales battle with Europe's Airbus.

Starwood confirms it has received a sweetened $14 billion offer from China's Anbang Insurance Group

China's Anbang Raises Offer for Starwood Hotels at $14Billion

Charissa Echavez |

Mar 31, 2016 08:27 AM EDT

China's Anbang Insurance Group Co has raised its offer higher for Starwood Hotels & Resorts Worldwide Inc. to nearly $14 billion, Starwood confirmed on Monday, in its highly intense bidding war against Marriott International Inc.

China's Anbang says it has not reached overseas investment quota yet

China's Anbang Claims it has not Exceeded Overseas Investment Quota Yet

Charissa Echavez |

Mar 31, 2016 08:25 AM EDT

China's Anbang Insurance said that it has not exceeded its overseas investment quota yet following reports that it may be facing local policy barriers after raising its offer for Starwood Hotels & Resorts Worldwide at $14 billion, outbidding Marriott International's latest bid.

Disturbing A4 Waist Challenge is taking the Chinese social media by storm

Worrying A4 Waist Challenge is Taking China by Storm

Charissa Echavez |

Mar 27, 2016 04:05 PM EDT

A whole new body challenge is taking social media by storm where Chinese men and women are taking a "fitness" test to determine whether their waistlines are equal or thinner than an A4 paper.

Toymaker LEGO will open world's largest retail store in Shanghai in June 16

LEGO to Open Asia's Largest Retail Store in Shanghai

Charissa Echavez |

Mar 26, 2016 05:49 AM EDT

Added to the nearing grand opening of Shanghai Disney Resort on June 16, LEGO has announced it will also open the world's largest LEGO retail store on the same day.

Shanghai Disneyland will pre-selling its tickets on March 28, ahead of its June 16 grand opening.

Shanghai Disneyland to Start Selling Tickets Ahead of Grand Opening

Charissa Echavez |

Mar 26, 2016 05:48 AM EDT

Shanghai Disneyland will start pre-selling its tickets almost 11 weeks before the much anticipated date, to counter long line and fake tickets.

China's Yadea Group unveils new smart e-scooter

China's Yadea Technology Launches Smart e-Scooter

Charissa Echavez |

Mar 26, 2016 05:38 AM EDT

Local e-cycle manufacturer Yadea Technology Group rolled up its curtains for its latest electric scooter Z3 on Thursday, with the goal of taking a bite on the expanding market.

China implements tax reform, switches from business tax to value added taxes.

China to Apply VAT Program Across All Sectors

Charissa Echavez |

Mar 26, 2016 05:35 AM EDT

Financial and taxation authorities of China announced on Thursday that it will apply its value-added tax pilot program across all sectors to consolidate the fiscal and taxation reform in China.

Hyundai recalls nearly 600 imported units because of faulty wipers

Hyundai China Recalls Nearly 600 Vehicles

Charissa Echavez |

Mar 26, 2016 05:19 AM EDT

Hyundai Motor Group Ltd. China will recall 600 vehicles beginning May 1, according to a quality watchdog in China on Friday.

China and UK collaborate to build smart cities.

China, UK Collaborate to Build Smart Cities

Charissa Echavez |

Mar 26, 2016 05:17 AM EDT

China and the United Kingdom's partnership in establishing smart cities is anticipated to start working much more effectively following the signed memorandum of understanding (MOU) between China and Future Cities Catapult (FCC), one of the leading urban innovation platforms in the UK.

Hainan Airlines posted 15.88 percent net profit increase last year.

Hainan Airlines' Net Profit Jumps 15.88 Percent in 2015

Charissa Echavez |

Mar 26, 2016 05:09 AM EDT

China's fourth biggest carrier reported on Thursday a 15.88 percent year-on-year net profit increase in 2015 amid a highly competitive airline industry.