China’s Beidou satellite has created $31.5 billion revenue for major companies in the country, 15 years since the satellite system was launched, China Daily reported.
Economists are claiming that in the coming years, more central banks across the globe will likely hold assets in Chinese currency in a bid to diversify their foreign exchange reserves.
Amid clamor that some drivers left "Didi Zhuanche," domestic car-hailing firm Didi Kuaidi recently reported that the total number of the platform's registered drivers has continued to increase.
Foton Motor is constructing an environmental industrial park at the Changsha National Economic and Technical Development Zone. For the local officials, the endeavor is in line with the city's green projects.
Amazon and Walmart are set to offer huge discounts and promos on Nov. 27, Black Friday while Best Buy will focus on selling televisions and Apple gadgets.
The Chinese economy is expected to grow about 7 percent this year as the country is seen to continue to contribute as high as about one-third to the global growth, President Xi Jinping had predicted on Sunday, Nov. 15.
In the aftermath of the Friday attack, closing of borders and fear among tourists, Paris businesses are expecting a bleak Christmas as tourists cancel trips to Paris.
The People's Bank of China said that it has been transporting increasing quantities of renminbi (RMB) overseas in order to meet increasing demands for the currency, according to a report by China Daily.
Taiwan recently held its own version of "Singles' Day," an annual online shopping spectacle in China that started in the 1990s. The event was participated in by leading e-commerce giants such as Yahoo, Rakuten and GOMAJI.
Several online food delivery platforms in China are currently in hot water after it was discovered that more than 80 percent of their advertised eateries were in violation of industry regulations, the country’s food safety regulators said on Thursday, Nov. 12.
A Hong Kong billionaire has spent a record $48.4 million to purchase a 12.03-carat diamond dubbed “Blue Moon” for his auction in Geneva, Switzerland.
Alibaba set another jaw-dropping sales record on China’s Singles' Day, the world’s biggest shopping event, with the e-commerce giant reporting that around 91.22 billion yuan ($14.33 billion) worth of sales were made in 24 hours on Wednesday.
Danish toymaker Lego stressed its long-standing apolitical policy of not endorsing the use of the iconic blocks for political purposes on Tuesday, after Chinese artist Ai Weiwei posted photos on his Instagram account depicting 43 political activists made from Lego bricks, according to a Global Times report.
Tencent has posted strong third-quarter results, showing a whopping increase in its net profit. The firm particularly garnered sharp increases in its mobile games and advertising revenues.
Alibaba Group Holding Ltd. would have to face up to issues of counterfeit goods that could upset its plan to expand worldwide within a decade, the Wall Street Journal reported.
