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Media center
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Biz updates
  • For every 1,000 Chinese, there's a multimillionaire

    2016-11-08It's not as hard as you might think to bump into a multimillionaire in China these days.

  • China's October exports down 3.2%, imports up 3.2%

    2016-11-08China's exports in yuan-denominated terms narrowed previous drops to fall 3.2 percent year on year in October, while imports picked up steam by increasing 3.2 percent, customs data showed on Tuesday.

  • Minmetals unit offers sponge city solutions for rainfall usage

    2016-11-08WISDRI Engineering and Research Incorporation Ltd, a subsidiary of China Minmetals Corp, the country's biggest metals trader by revenue, said it will provide so-called sponge city solutions-the technology being rolled out in China to counter flooding-to more than 10 major cities including Nanning, Chongqing and Jinan in 2017.

  • Baidu 'to raise up to $500m' for Waimai

    2016-11-08Baidu Inc is seeking to raise as much as $500 million for its Waimai food delivery unit amid a costly battle with other Chinese internet giants for customers, according to people familiar with the matter.

  • Leshi stock plunges to 13-month trading low

    2016-11-08Leshi Internet Information and Technology Corp's shares hit a 13-month low on Monday, as its parent company LeEco is facing mounting doubts about its cash flow and over-expansion efforts which could drag down its growth.

  • Chinese share of global luxury market drops to 30%

    2016-11-07After two years of recession, China’s luxury market growth is again moving into positive territory, but 2016 marks the first time that Chinese consumers contributed less to global luxury sales than the year before, according to a report by Bain & Company.

  • LeEco admits to problems in suppy chain and cash

    2016-11-07Chinese technology company LeEco founder Jia Yueting released an internal letter to his employees, indirectly admitting some of the rumors about supply chain and capital issues drove shares of the company to plummet.

  • Rise in bad loans unlikely to trigger financial crisis: Chinese banking regulator

    2016-11-07Chinese commercial banks' bad loan rate is not so high that it would have the potential to trigger a systemic financial risk.

  • China to have 58 mln kw nuclear power by 2020

    2016-11-07China will have 58 million kilowatts of installed nuclear power by 2020 as it expands its clean energy network and pursues green growth, the country's energy regulator announced Monday.

  • How to dispose of Nov 11 shopping day waste?

    2016-11-07Are you ready to loosen your purse strings on online shopping gala on Nov 11 to avail yourself of the many discounts on offer?

  • Sports demand climbing higher

    2016-11-07China's sports market is projected to increase by leaps and bounds in the long term, as the country ramps up its resources to facilitate the development of physical activities, sports sector insiders believe.

  • Top 5 smartphone vendors in Q3 in China

    2016-11-07The third quarter of this year has witnessed a big change in China's smartphone battlefield, as a player expanding the earliest in lower- tier cities, took the crown away from Huawei.

  • Top 5 smartphone vendors in Q3 in China

    2016-11-07The third quarter of this year has witnessed a big change in China's smartphone battlefield, as a player expanding the earliest in lower- tier cities, took the crown away from Huawei.

  • Companies on the lookout for 'blue ocean'

    2016-11-06Chinese companies should make structural reforms and innovate to find "blue ocean" - untapped markets - and produce products that are different and low-cost, rather than compete in the "red ocean", or saturated markets, says W. Chan Kim, co-author of Blue Ocean Strategy.

  • Video company joins hands with travel agency to boost tourism

    2016-11-06China CYTS Tours Holding Co will work with Yixia.com to launch a tourism video alliance.

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