HNA Group, China's fourth largest airline group, and Accor SA, Europe's biggest hotel operator, are leading potential bidders in the possible takeover of Carlson Rezidor Hotel Group, owner of the Radisson and Park Plaza brands, China Daily reported.
Europe's largest aircraft manufacturer Airbus has begun construction on Wednesday, March 2, on a new facility to deliver wide-body planes in China, challenging U.S. rival Boeing for market share in the country, the Global Times reported.
In terms of using technology-enabled payment systems, China has the highest adoption rate in the world, according to a report released on Wednesday, March 2, by market research firm Nielsen, based on a survey of 13,000 respondents in 26 countries.
Even if Internet giants Alibaba and Tencent launched in early 2015 WeBank, an online-only bank and the first in China, the financial institution did not grew as fast as expected. Other Chinese banks too are attempting to convince more rural residents to transact with them.
Whole Foods, the Texas-based upscale American supermarket chain that is known to sell organic food, recently issued a notice of recall for some of the blue cheese products that are being sold in their stores. The announcement was publicized on Tuesday, March 1.
Aiming to expand overseas, state-owned GAC Automobile Group Co. may establish plants in Russia and Iran to assemble vehicles using kits from China, according to a Chinese media report.
During the Spring Festival break, Chinese consumers spent billions of yuan in overseas products, particularly household goods such as rice cookers, toilet lids, and even toiletries such as toothpaste and shampoo, according to an article by China Daily.
China’s luxury goods industry still holds big potential as it rides the momentum of double-digit growth despite two consecutive years of losses, according to consulting firm Bain & Co., China Daily reported.
HNA Group, a Chinese aviation and shipping conglomerate, and a consortium led by Ontario Teachers' Pension Plan Board and Borealis Infrastructure, led bidders interested to buy London City Airport from its United States owners, sources privy to the deal said.
For the first time, the number of Chinese billionaires has overtaken that of the U.S., according to the Hurun Global Rich List 2016 released on Wednesday, Feb. 24, the Global Times reported.
It's a little surprising, but French cosmetics brand L'Oreal SA sells more products in China than in its home country, according to an article by China Daily.
Chinese conglomerate Dalian Wanda Group Co. is planning to announce a “major transaction” sometime this week, the company’s chairman Wang Jianlin said on Tuesday.
The Chinese government has announced plans to increase the number of new energy vehicles (NEV) purchased by departments in a bid to move to "greener" modes of transport.
GAC Toyota Motor Co., a joint venture between Japanese auto giant Toyota and Chinese carmaker Guangzhou Automobile (GAC) Group, has released China’s first fleet of conventional hybrid taxicabs, Automotive News China reported on Tuesday.
With the Chinese government set to unveil the latest list of pilot free trade zones (FTZ), more inland provinces and autonomous regions are stepping efforts to boost their chances to be chosen as an FTZ.
