China’s e-commerce giants are getting into the online pharmacy business as government directed retail sales of prescription drugs away from hospitals, the Xinhua News Agency reported.
Experts call for improved domestic product quality as China’s finance ministry eases worries that the new tax imposed on imported goods on Friday would affect overseas travelers.
Huatai Securities Co. Ltd. is planning to acquire AssetMark Inc., a U.S. asset management software maker, in an $800-million deal, which could be the biggest Chinese investment in the U.S. financial district since Anbang Insurance Group Co. signed in November a $1.6-billion deal to acquire Fidelity & Guaranty Life, China Daily reported.
The cross-border delivery of goods bought on JD’s overseas online marketplace is expected to speed up as Chinese online retailer JD.com has announced its collaboration with Japanese logistics firm Yamato, the Xinhua News Agency reported.
China's e-commerce titan Alibaba said that it has elbowed out Wal-Mart as the "largest retail economy in the world as measured by annual gross merchandise volume (GMV) on its China retail marketplaces," based on official documents submitted on April 5.
Cutting off a falling streak since November last year, China's foreign exchange reserves saw an unexpected increase in March, the country's central bank revealed on Thursday.
A top-end electric rice cooker launched in April last year by Foshan-based home appliance maker Midea has created a wave of R&D electric cookers which are made in China and aimed at both domestic and overseas markets, China Daily reported.
China is one of the three countries specifically identified by McDonald’s Corporation as a strategic partner. In five years’ time, the company aims set up more than 1,500 restaurants in China, Hong Kong and South Korea.
Huawei's recent launch of its P9 4G phone had many analysts thinking that the Chinese smartphone giant is inching closer to being ripe and ready to go head-to-head with no less than Apple.
Chinese banks' big bosses are bearing the brunt of last year's pay reform as their 2015 salaries suffer a massive 50-percent deduction.
Hangzhou Yong Sheng Holdings now owns French lacemaker Desseilles after a commercial court in France chose its buying proposal. Yong Sheng will retain 60 original Desseilles employees and will invest 4 million euros in the next two years.
The Chinese government is pumping up efforts to impede the looming financial crisis amid a growing debt problem fueled by bad loans in its banks.
Hangzhou Wahaha Group Co. Ltd. is eyeing to build a new factory that will house its industrial robot production, which is part of its target to have about 2,000 industrial robots over the next four years.
Following the signing of the China-Australia Free Trade Agreement (ChAFTA), Australia’s “largest ever trade mission” composed of representatives from more than 1,000 Australian businesses will be arriving in China this month, the Xinhua News Agency reported.
Concerns over the health of the Chinese economy could trigger a “bloodbath” on financial markets if a hard landing materializes, the International Monetary Fund (IMF) has warned.
