Steel and coal companies that are not performing well can no longer take loans after Beijing ordered banks in the country to stop lending money to those that cannot compete in the global market.
Alphabet is the proud owner Google, but its parentship over its other assets is not working so well as the moonshot projects are on a constant decline in terms of profit and success. A recent roundup by business analyst points out that Alphabet is losing the money, but it will not give up.
The Xfinity app by Comcast will now be available on smart TVs and third-party set-top boxes without having the requirement of a cable box. Roku and Samsung Smart TVs will be the first devices to have the app this year.
Japanese automaker Mitsubishi Motors Corporation admitted recently that their staff had intentionally cheated on fuel consumption tests for different vehicle models. Minicars with tiny engines were the ones that have falsified fuel consumption data.
The U.S. government, Volkswagen and private lawyers agreed on a deal for the automaker to spend more than a billion dollars to pay owners of diesel-powered vehicles which cheated on emission tests as part of the settlement fund required by the Environmental Protection Agency.
Apple Inc. has reportedly hired Chris Porritt, who previously worked for Aston Martin as chief engineer and Tesla as vice president of vehicle engineering.
A new plant of Fiat Chrysler Automobiles located in Guangzhou, China, has started producing the Jeep Renegade, the second vehicle sold by the company in China without import duties, according to an article published in www. freep.com.
For years, foreign infant formula makers such as Danone and A2 Baby Milk have been benefiting from the China's gray e-commerce market. This situation could now be changed, thanks to the government's recent tightening of a tax loophole that previously made goods sold via websites operating outside the country to sell cheaper.
The startup scene in Chengdu, Sichuan’s capital city, is throbbing with life. Government support is evident through generous funding and encourages new businesses to tap opportunities in health, biotech and telecommunication industries.
A consortium made up of Autohome’s own CEO and some private equity firms has taken up Autohome Inc.’s buyout offer on Friday, April 15, in a deal that placed the Chinese car trading website operator’s value at $3.57 billion, Reuters reported.
After experiencing a major slowdown in 2015, China's economy is reportedly starting to bounce back, with this year's first-quarter figures showing positive growth.
Apple might be planning to buy OLED displays from Samsung to use it in iPhone to be rolled out in 2017. The new decision is emerging against the all the competition odds because iPhones' LCD displays are both cheaper and less impressive compared to OLED technology.
As more people forego private ownership of vehicles, experts are now foreseeing new opportunities emerging from the ride-sharing sector, China Daily reported.
Chinese Finance Minister Lou Jiwei has complained against international credit-rating companies for their “bias” against the country following the lowered outlooks on China from Standard & Poor’s Rating Services and Moody’s Investors Service, according to a report by Bloomberg.
