Four years ago, Alibaba set up a money market fund called Yu’e Bao, where leftover cash from online spending can be stored. Now it has grown to become the world’s biggest money market fund with more than $165.6 billion under management, the Financial Times reported.
Tesco, a British supermarket, will be selling Chinese wine to connoisseurs in the U.K.
Although China’s C919, the country’s first homemade large commercial aircraft, passed the final test to be ready for its maiden flight, some analysts believed it would still take time for China’s C919 fleet to be exported and used in other countries, according to a Forbes article.
Many U.S. businesses will have the chance to break into China’s fast-growing market and sell their products to consumers in the world’s second largest economy, as Alibaba is set to host the Gateway 17 Summit in Detroit on June 20 and 21, according to Forbes.
Canadian International Trade Minister Francois-Philippe Champagne, along with representatives of its softwood lumber industry, arrived in Beijing on Tuesday, April 25, to find a new market for Canadian softwood, the Calgary Herald reported.
China’s Shenzhen stock exchange is set to create a new platform which will give Indian tech startups and fintech companies access to Chinese capital, according to an article by livemint.com.
The continuing efforts of Chinese regulators to curb shadow banking and speculative trading have triggered the drop of more than 1 percent in China stocks on Monday, April 24, amid signs that the government would allow further volatility in the market, CNBC reported.
Swiss seed-maker Syngenta AG has denied claims by U.S. farmers that it was responsible for the decline in corn prices in 2013 that resulted in their losses.
Asian Infrastructure Investment Bank and the World Bank have recently signed a memorandum of understanding. The deal creates a cooperation framework that lays out how the two will team up in terms of knowledge sharing and staff exchanges.
As U.S. consumption weakens, economists are putting hope in China to raise the global economic growth outlook, expecting the country to use its economic muscle to drive spending and implement monetary policies that will sustain growth.
Chinese manufacturers who export their products to the international market are seen as good role models for globalization, according to a report by the Australian Financial Review.
Alibaba founder Jack Ma sees more pain than happiness for the coming decades as the Internet topples the economy.
The national carrier of China has been granted permission to expand to freight logistics and to open the airline to foreign investment.
Chinese e-commerce giant Alibaba Group is leveraging on China’s Belt and Road initiative to bring small and medium enterprises (SMEs) closer to global trade, enhancing the country’s ability to expand global trade for small businesses, China Daily reported.
U.S. retail giant Wal-Mart is expanding its business in Guangdong and is planning to build more than 40 stores in the province.
