BAIC Group is seeking to raise about 3 billion yuan ($460 million) in a financing round, as well as sell shares on Shanghai's stock exchange for emerging companies to support its electric-car business, China Daily reported.
The world's largest vitamin maker, Royal DSM NV, is seeing a big potential for growth in China following announcement by its chairman and chief executive officer that it will continue to invest in life science business as the market for nutrition supplements in the country expands, China Daily reported.
Due to rising rents, competition for online book retailers, and the changing reading habits of the Chinese people, physical bookstores in the country have either closed down or relocated to remote locations. In 2015, however, brick-and-mortar bookstores have started to make a comeback, according to an article by China Daily.
Starbucks just issued a recall notice on breakfast sandwiches that are served in some 250 store outlets. The recall was made last week for fears of Listeria contamination. The said bacteria is known to be fatal for both the elderly and children.
Gree Electric Appliances Inc., China's leading home appliance maker, is set to buy a local electric car producer which controls a NASDAQ-listed U.S. battery firm, as part of its plan to branch into new-energy vehicles, China Daily reported.
Global brewers are taking advantage of the growing demand of cosmopolitan Chinese consumers for high-end beers, a trend which could give global brewing giants more profits in the world’s largest beer market, Shanghai Daily report.
A group of car owners in Beijing have taken matters into their own hands to provide a solution to the capital's increasing traffic woes, according to an article by China Daily. The answer? Carpooling.
The United States Department of Justice filed a case on Monday, March 7 requesting the court to overrule a ruling in an iPhone unlocking case in New York.
Canadian health products supplier Factors Group of Nutritional Companies Inc. has signed a licensing agreement with Chinese healthcare giant Tongrentang International (TRT) on Tuesday to distribute its flagship Natural Factors brand of natural health products in China.
Alibaba Group Holding Ltd. and its financial affiliate are buying a major stake in Hong Kong-listed lottery operator AGTech Holdings Ltd. for HK$2.39 billion ($308 million), China Daily reported.
India-based conglomerate Mahindra & Mahindra has shifted strategy and will manufacture cars in China, putting aside plans to expand to the U.S. following the loss of South Korean automaker Ssangyong Motor Co., according to a report by Reuters.
Chinese telecom giant ZTE suspended on Monday trading of its shares in Hong Kong and Shenzhen following the decision by the U.S. government to impose export restriction on ZTE’s American suppliers.
China is considering the creation of a mechanism that would use a band to guide its interest rates, which was aimed at giving the market a greater say in the financial system, a senior monetary official said at a news conference on Sunday, March 6, China Daily reported.
More parts of China are joining the fold when it comes to entrepreneurship and manufacturing innovations, according to an article by China Daily. One new up-and-coming technological center is located in Guangdong Province, in some parts of the Pearl River Delta.
In the minds of many hoops pundits, Stephen Curry has supplanted LeBron James as the best player in the NBA, at least for the season.
