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Rina S.

Alibaba Invests in 'Star Trek' and 'Teenage Mutant Ninja Turtles'

Apr 20, 2016 08:24 AM EDT

Alibaba is on its way to become a global powerhouse, with interests in fields as diverse as e-commerce and entertainment. The company announced its two investments in Paramount Pictures, a major Hollywood studio. The investments have been made through Alibaba Pictures, which is a subsidiary of Alibaba. The company did not provide financial details of the deal.

China is accused of favoring domestic businesses

China Reports Surge in Housing Prices, Shakes off Slump

Rina S. |

Apr 19, 2016 03:20 PM EDT

Amidst China's economic slump, the country has released encouraging numbers for the housing sector as home prices rose during last month.

Chinese Finance Minister Takes aim at Donald Trump

Rina S. |

Apr 17, 2016 03:43 PM EDT

United States presidential aspirant Donald Trump may have a legion of followers, but China's Finance Minister Lou Jiwei is none too impressed.

China to Enhance Workers' Welfare, to Rehabilitate 1.8 Million Workers

Rina S. |

Apr 17, 2016 03:37 PM EDT

China is looking to rehabilitate millions of worker potentially to be laid off from steel and coal industries. Following global trends, Chinese steel and coal sector are likely to perform lukewarm. The country has drafted new policies to provide counseling including career guidance to the workers. These sectors are expected to shed off 1.8 million workers.

Coachella Music Festival: All You Need to Know

Rina S. |

Apr 16, 2016 05:07 PM EDT

One of the hottest music events in the world, Coachella Festival, is currently underway in Indio, California. The vast grounds are being flocked by celebrities and the masses alike. Among the attendees are Taylor Swift, Liam Hemsworth, Katy Perry, Miranda Kerr, Vanessa Hudgens among others.

Twitter Looks to Capture Chinese Market, Hires New Managing Director

Rina S. |

Apr 15, 2016 02:56 PM EDT

Despite being behind digital walls, the Chinese market is too lucrative to be ignored by bigwig Silicon Valley firms. The latest attempt comes from Twitter, which is banned in China. However, the company is not letting this technicality come in its way to acquire more advertising revenue from one of the most formidable economies in the world.

Chinese Officials Prosecute Hundreds of Officials in Vaccine Scandal

Rina S. |

Apr 14, 2016 10:03 AM EDT

China is facing one of the biggest health scandals as it looks into the mishandling of vaccines in the country. The case came into the limelight last month as Chinese authorities announced that they had found nine companies selling expired or mistreated vaccines. This means that a large number of children may have been injected with vaccines, offering no benefits and potentially causing some side effects.

Kobe Bows out in Stunning Style, Scores 60 Points

Rina S. |

Apr 14, 2016 09:21 AM EDT

Basketball legend Kobe Bryant played his final game with the Los Angeles Lakers and gave a delightful experience to his fans. Thanks to his 60 points on 50 shots, the Lakers beat Utah Jazz with a 101-96 score. Along with a trail of achievements, Kobe now also holds the record of scoring the highest points in his last game.

China Presents Buoyant Trade Data, Gives Boost to Dollar and Markets

Rina S. |

Apr 13, 2016 04:30 PM EDT

The world's second largest economy China presented a surprisingly optimistic trade data for the month of March, putting market concerns to a rest. The country showed an11.5 percent increase in its export, while its imports were down by 7.6 percent on dollar basis. The results were even better in CNY terms, where exports showed 18.7 percent increase and imports went down by 1.7 percent.

Beyonce Shares Pictures of Blue Ivy’s 4th Birthday Celebration

Rina S. |

Apr 13, 2016 04:10 PM EDT

Pop royalty Beyonce and Jay-Z threw a befitting party for their daughter Blue Ivy on her fourth birthday. While the real birthday was on January 7, the 'Single Ladies' singer chose now to share the pictures with her fans, giving them a chance to have a peek at her lavish lifestyle. The photos were posted on Beyonce's website.

Alibaba Celebrates South China Morning Post Acquisition by Dropping Paywall

Rina S. |

Apr 07, 2016 08:53 AM EDT

Alibaba is looking to dominate online newspaper arena with its aggressive strategy. The company recently acquired South China Morning Post along with the Hong Kong editions of Cosmopolitan, Elle and Esquire.

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