Thursday, 28th, 2024 | 2:46AM Updated

Apple's San Francisco Flagship Store
Apple opens new California shop that reveals its futuristic retail stores

Apple's new futuristic store in San Francisco includes 42-foot-tall doors (12.8-meter) that require 10 minutes to open, living trees in the renamed Genius Bar, and $1.5 million video wall. The new store is located across the city's famous Union Square Park. It also features free Wi-Fi and a restored fountain from Bay Area sculptor Ruth Asawa.

Interesting Alipay data released by Ant Financial states that the financial arm of Alibaba has revealed Shanghai as the greediest city of China.
Samsung Pay Teams Up with Alipay to Expand Mobile Payment Services in China

Samsung Pay and Alipay can now be used together in China after the two companies signed a memorandum of understanding (MOU) in a bid to expand Samsung’s mobile payment services in the country, ZDNet.com reported.

International Monetary Fund (IMF) Deputy Managing Director Zhu Min speaks before an international financial forum.
China to Nominate PBOC’s Zhang Tao as Next IMF Deputy

Zhang Tao, a central bank veteran with experience at multilateral development banks, is being considered to become the next International Monetary Fund (IMF) deputy managing director as China plans to nominate Zhang to replace Zhu Min who holds the current post, according to a report by Caixin magazine.

Chinese tourists take pictures of themselves with the Sydney Opera House in the background.
China’s Tourism, E-commerce Boom Seen to Boost Canon Sales

The potential boom in tourism and e-commerce in China and other countries is expected to increase camera sales to $10 billion by 2020, Japanese camera and printer maker Canon Inc. said on Thursday, May 19.

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Overseas users of Chinese online payment service Alipay are facing a roadblock with the new rules set up by the Chinese central bank.
Foreign Alipay Users in a Tight Spot with New Central Bank Rules

Leading Chinese online payment provider Alipay may have hit a roadblock in its efforts to expand internationally after the Chinese central bank imposed a new set of rules on such services.

Visitors watch a Kuka robot perform precise movements at a technology trade fair on March 16, 2015 in Hanover, Germany.
China’s Midea Bids $5 Billion for German Robot Maker Kuka

Chinese home appliance maker Midea Group made an offer on Wednesday to buy German factory robot manufacturer Kuka AG, in the latest attempt by a Chinese investor to acquire cutting-edge industrial technology crucial for China’s ambitions to become a high-end manufacturing powerhouse.

Attendees inspect the Google Chromebook Pixel laptop during the Google I/O developers conference
Google Chromebook sales surpass Apple Macs for first quarter, IDC reports

More Google Chromebooks have been sold compared to Apple Macs in the first quarter of 2016 which is a first for the search engine giant.

'Super Mario' performs at the Nintendo exhibit during the Annual Gaming Industry Conference E3 at the Los Angeles Convention Center on June 16, 2015 in Los Angeles, California.
Nintendo new business may include health, restaurants and computer software

The creator of Super Mario Bros Nintendo is diversifying into other business ventures. In its recent announcement, Nintendo rectified its Articles of Incorporation to include new businesses, including IP licensing, medicine equipments and restaurants.

The new Apple Store in San Francisco can be seen in the image
New Apple Store in San Francisco to open on May 21, features 6K video screen

Apple is now rebranding their retail store in San Francisco to be opened on May 21 with a new structural design and motif that would hopefully attract more customers.

Fosun Chairman Guo Guangchang says Fosun International aims to be a global leaders in three emerging markets.
China’s Fosun Eyes Being World Leader and Plans to Reduce Debts

The largest private conglomerate of China, Fosun Group, intends to become a global leader in the fields of healthcare, tourism and insurance.

The Waldorf Astoria hotel was purchased by Chinese insurance group Anbang for about $2 billion.
Chinese Firms Set to Achieve Record-breaking Investments in the US

From the entertainment industry to semiconductors, Chinese companies have become more aggressive in forming investment deals in the United States this year.

PepsiCo aims to contribute to the national health goals of China.
PepsiCo Pushes for Good Nutrition in China

Food and beverage giant PepsiCo conducted a free professional nutrition counseling for Chinese consumers located across eight cities and provinces of China on May 15.

Nokia 5110
Microsoft sells Nokia feature phones business to Foxconn; startup buys rights for new Nokia devices

Microsoft reported on May 18, Wednesday that it is selling its Nokia branding rights to a Finland startup company. This gives HMD global Oy the legal rights to produce Nokia smartphones and tablets for the next decade. This business move will provide Microsoft-owned Nokia Technologies with royalties from Nokia mobile devices.

Insecticide is sprayed under an avocado tree to ward off Oriental fruit flies at a farm in Homestead, Florida, in this Sept. 9, 2015 photo.
USDA to Join US Panel Reviewing ChemChina’s Syngenta Deal

The U.S. Department of Agriculture (USA) has agreed to join the U.S. government panel reviewing state-owned ChemChina’s proposed $43 billion acquisition of Swiss seeds and pesticide manufacturer Syngenta AG, people familiar with the matter told Reuters in an exclusive report on Monday.

Didi is a car-hailing giant in China rivaled by Uber.
Chinese Car-hailing Didi Works Toward Its US IPO Plan in 2018

China’s car-hailing giant Didi Chuxing is planning an initial public offering in the United States. The company, which is the biggest competitor of Uber Technologies Inc. in China, is set to launch the IPO in 2018, according to an insider.

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