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Two Chinese firms formed a consortium to acquire all shares and ADSs of Chinese e-commerce Dangdang

Huaxi Group, iMeigu Jointly Post Bid to Acquire Chinese e-Commerce Dangdang

Apr 09, 2016 08:57 AM EDT

Two Chinese companies formed a consortium to acquire all outstanding shares and American depository shares (ADS) of Chinese e-commerce firm Dangdang.

Amazon Kindle unveils new read-all-you-can service for only 12 yuan in China

Amazon Kindle Rolls Out New Read-All-You-Can Service in China

Charissa Echavez |

Feb 25, 2016 04:44 AM EST

Amazon Kindle officially rolled out a new subscription service in China on Tuesday, offering clients all-you-can-read e-books for a monthly subscription fee of only 12 yuan ($1.84). The company said the move follows its observation that there is a growing interest in China for paid content.

A freighter waits goods for exporting at a container terminal

Amazon China Granted License to Become Ocean Freight Forwarder

Alexis Villarias |

Jan 19, 2016 08:36 AM EST

Amazon would not stop at drones to improve its delivery system as the Chinese arm of the company has been granted a license by Federal Maritime Commission to become an ocean freight forwarder.