Tuesday, 20th, 2018 | 12:10AM Updated

LeEco has been facing financial hurdles as a result of the firm's rapid pace of business growth.
LeEco's New Funding Worth $2.2 Billion to Be Used for Firm's Smart Internet TV, Film Production Subsidiaries

Tech conglomerate LeEco has secured an investment fund worth $2.2 billion. This will be used for the firm's smart Internet TV and film production subsidiaries.

ICBC Chairman Jiang Jianqing (left) and Secretary Hu Hao
China’s Biggest Banks Show Signs of Stabilizing on Bad Loans

After about half a decade of struggling with bad loans, China’s biggest banks have shown signs that their risk-control measures for bad loans are efficient, which allowed them to earn higher-than-expected profits, according to the earnings report filed by the three banks.

China's Carrier Air China Ltd
China's Big 3 Carriers Post Biggest Profit Since 2010 as Market Expansion Continues

China’s “big three” carriers - Air China Ltd., China Eastern Airlines Corp. and China Southern Airlines Co. – reported a combined profit of 16.3 billion yuan ($2.4 billion), the biggest since 2010, according to filings submitted to the exchange on Thursday, March 27, China Daily reported.

China’s Pet Fashion Industry
China’s Pet Fashion Industry Continues to Grow with $17 Million Annual Sales

The pet fashion industry in China continues to grow, looking at annual sales of about $17 million.

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Chinese Premier Li Keqiang with Australian PM Turnbull
China-Australia Trade Finds Common Ground After Premier Li’s Successful 5-Day Visit to Australia

Chinese Premier Li Keqiang’s five-day visit to Australia is considered by many to be successful as China and Australia have agreed to reject U.S. protectionist policies and reaffirm both their commitment to global free trade, Reuters reported.

Visitors wait for the casino hotel Crown Macau official opening May 12, 2007 in Macau, China.
Casino, Online Gambling: Everything you need to know about the gaming industry

Casino, which is a place that houses several gambling games, can be easily spotted near hotels, shopping places, restaurants, cruise ships and places where you can find tons of tourists lurking. Some casinos have live bands, host live entertainment events like concerts, stand-up comedians and many more.

CPEC's Gwadar Port
Pakistani Power Firms Complain of Being Sidelined in CPEC Projects

Some Pakistani power firms are complaining that they are being shelved in the $57 billion China-Pakistan Economic Corridor (CPEC) projects and were not given the same advantage as other local and Chinese companies.

The Cowen Group logo.
China Energy to Buy 20% Stake in Cowen Group for $100 Million

China Energy Company has agreed to acquire 20 percent of U.S. financial services firm Cowen Group for $100 million and loan out an additional $175 million in what the two groups called a “long-term strategic investment,” according to a report from the Financial Times.

Blockchain Technology
Blockchain Technology to Be Used to Fight Counterfeit Food on Alibaba

Companies have joined up in using Blockchain technology to fight counterfeit food on Alibaba.

China Dairy Company
Chinese Govt Saves Huishan Dairy to Avert Credit Fallout on Banks

The Chinese government came to the rescue of China Huishan Dairy after shares of the Liaoning-based dairy company dipped 85 percent in just an hour on March 24, which wiped out more than $4 billion from its market value.

This photo shows fresh fish on sale in traditional old Chinese Soho food market on Graham Street, Central Hong Kong, China.
Ningbo Tech-Bank Buys Great Seven to Expand in China’s Coldwater Fish Feed Market

Ningbo Tech-Bank buys Great Seven for about $11 million to expand its business in China’s cold fish feed market.

Tata's Tetley Tea
Tata-Alibaba Tie-Up: Can the Partnership Help Sell Tea in the Country Where Tea Originated?

Tata Global Beverages has admitted that it would be a big challenge to sell tea to China, the country where drinking tea originated.

Chinese Consumers Buying Imported Goods
US Firms in China Using Influencers to Boost Their E-Commerce Retail Sales

A growing number of U.S. and foreign retailers in China are getting the services of key opinion leaders (KOLs) to attract Chinese consumers to buy their products as well as to promote their brands, according to an article in retailtouchpoints.com.

More Jobs in China's Digital Economy
Alibaba to Create 122 Million Jobs in China’s Digital Economy in 2035: Report

At least 122 million out of the total 415 million jobs, or nearly 30 percent of jobs available in China’s digital economy in 2035, will be produced by Alibaba, according to a new report from management advisory firm Boston Consulting Group (BCG).

Chinese Business in Singapore
Singapore Offers to Serve as Launch Pad for Chinese Businesses Planning to Expand Abroad

Singapore is interested to become the launch pad for Chinese businesses that want to expand overseas by leveraging on the city-state’s reputation in Southeast Asia and its familiarity with business in the region.

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