China has set a lower economic target this year to enable government to focus more on resolving the country’s economic problems, economists said.
Colisee Group, a French nursing home operator, ventures into China’s elderly care industry by opening its first complex in the country. The nursing home, located in Guangdong Province, is slated to open its doors to the public January next year.
Aldi, a German discount supermarket chain, is planning to start online sales in China this March. The company is hoping to appeal to Chinese consumers with their selection of wine, snack and breakfast products.
A settlement deal is about to be signed by Chinese telecom maker ZTE Corp with the U.S. Department of Commerce, the U.S. Department of Justice and the U.S. Treasury, over charges that the Chinese firm sold technology to Iran, which is restricted by U.S. laws.
Merging both online and offline retail, not dividing retail into smaller channels, could be the key to the future growth in retail business, an Alibaba executive said, according to an article by wwd.com.
A new online finance company is set to challenge Alibaba’s Ant Finance as JD.com announced plans on Thursday, March 2, that it would spin off its finance business for $2.1 billion, as part of its expansion efforts into the online finance market.
According to a report from Hurun, China's 200 richest lawmakers have a combined fortunes worth over $500 billion. The list includes first-generation Chinese billionaires.
Daraz, an online store that operates in Pakistan, Bangladesh, Myanmar and Sri Lanka, is seen as a likely target for Jack Ma’s expansion, following the $1 billion deal to acquire Lazada last year.
China Lodging Group Ltd. one of the nation's top hotel companies, agreed in acquiring Crystal Orange, a boutique hotel operator for 3.65 billion yuan. This is the latest sign of consolidation in the fragmented hotel industry.
Ofo, a bike-sharing startup at China, announced that it has completed a 3.1 billion yuan D-round financing that is led by global investment institution Digital Sky Technology.
Big Chinese companies are on a billion-dollar U.S. buying spree, but avoids Hollywood altogether in order to prove regulators that money is not being transferred to safer assets abroad, CNBC reported.
The expansion of manufacturing in China for the seven consecutive months shows that Chinese economy is moving steadily as government data show, the Xinhua News Agency reported.
Since Donald Trump took over the White House, the United States has pivoted from its role of an economic global leader and turned toward economic nationalism. Meanwhile, China expresses its interest in assuming the role, an article by USA Today reported.
Reports from the American Chamber of Commerce noted that businessmen from the United States show positivity towards investing in South China. Many consider that the business environment in the region as either "good" or "very good."
China’s supply of baby formula from Bellamy’s Australia may face delay as trouble in the company’s board has stalled its registration with China Food and Drug Administration (CFDA), the Sydney Morning Herald reported.
