While baijiu is widely known as one of the expensive Chinese liquors in the market, prices for this drink have soared in some retail stores just before Chinese New Year. Industry insiders share that the sector is yet to fully recover.
Commercial law firm Yingke, considered as among China’s largest law firms, has embarked on a journey to take on international markets with its sharp expertise in providing legal advice. It has since made waves in both the U.K. and European markets through serving clients with vast commercial interests.
Chinese private equity firm Innotech Capitals purchased advertising automation specialist Ad-Juster. The Shanghai-based investment arm of Innotech International Group sees the takeover as a boost for its plans to go global.
Podcasting has long stood out as a popular means of entertainment in the West. But its failure to penetrate China’s more than 500-million-strong smartphone users presents a peculiar set of reasons--all of which point to fundamental differences between the two markets.
Capcom reveals that the "Resident Evil 7" game was able to get 2.5 million copies sold in less than a week after its release.
Blockchain infrastructure provider BitFury Group received $30 million as investment from Hong Kong-listed fintech company Credit China Fintech Holdings which also includes the setting up of a joint venture that will promote blockchain technology in China, CNBC reported.
The shares of Zhejiang Jinke Entertainment Culture Co. dropped in the Shenzhen market after the company announced plans that it will buy Outfit7, the maker of Talking Tom, in a deal worth at least $1 billion, a Bloomberg report said.
As several holidaymakers travel to their hometowns in time for the Lunar New Year celebrations, the need to have someone else take care of their pets have emerged as a growing concern. For many pet owners, sending their beloved buddies to a “pet hotel” stands out as a novel, if not entirely practical, solution.
Luxury goods retailers in China can expect sales to rebound this year, as Chinese consumers begin to revive their penchant for purchasing expensive fare in time for the Lunar Year holiday. This time, however, they should expect a different growth trend among Chinese consumers.
The People's Bank of China has just successfully completed its trial run of a digital bank acceptance exchange. This makes PBOC the first central bank in the world to issue its own digital currency.
Alipay, the electronic payments service of China's Ant Financial Services Group, has announced that it will now be accepted at over 13,000 Lawson convenience stores throughout Japan starting Jan. 24.
In a press conference held in Beijing on Thursday, European Ambassador to China Hans Dietmar Schweisgut said that China's efforts in keeping an open economy are not sufficient.
Chinese ride-hailing company Didi Chuxing was ordered to remove the price-hiking function in its platform, following a meeting with the Shanghai Municipal Transportation Commission, China Daily reported.
China’s stimulus programs may have helped the country meet its growth target but it created stability risks in return, international ratings agency Fitch said a report on Monday, Jan. 23, CNBC reported.
Among 31 provinces and municipalities in mainland China, Guangdong Province in South China is the largest and fastest-growing economy in terms of GDP, which was driven by government efforts to stabilize the economy and the rising housing prices.
Spring Festival 2017 has proven yet again how colorful Chinese culture is, and how devoted the Chinese people are to their own culture. Here are the various events that took place across the country during the Lunar New Year holiday.