Chinese e-commerce giants Alibaba and JD.com laughed all the way to the bank on Wednesday, Nov. 11, as sales records were broken as unattached people celebrated Single's Day.
70,000 Chinese retailers linked up with e-commerce giant Alibaba Group Holding Ltd. in hopes of increasing their overseas revenues during the recently held Singles' Day sale, according to a report by China Daily. The sale, which took place on Wednesday, Nov. 11, is the biggest shopping sales of the year.
Danish shipping and oil giant Maersk Group is interested to work with Chinese firms in overseas investments as it seeks opportunities in the country’s Belt and Road initiative, a company official said during a press briefing on Tuesday, Nov. 10.
Anbang Insurance Group Co. is set to buy Fidelity & Guaranty Life Co., a U.S.-based life insurer, for about $1.57 billion as part of its overseas expansion scheme, the China Daily reported.
The Chinese government has pledged to take decisive measures to prevent the export of counterfeits and poor-quality products to Africa, the Middle East, Latin America and countries along the Belt and Road Initiative regions to preserve the good reputation of national brands, top officials said on Monday, Nov. 9.
When it comes to shopping, the consensus is that women are more adept and are generally more interested in the matter. But a recent survey said that men have overtaken women at least as far as online shopping is concerned.
Car manufacturer Volkswagen AG announced that owners of the cars affected by the recently discovered diesel-emission scandal will receive $1,000 worth of gift cards as part of the company’s gesture of goodwill.
World stock market indexes dropped on Nov. 9 following a disappointing trade data from China that raised concerns about the decline of global trade growth. Three major United States stock indexes fell by one percent while shares in Europe fell by 1.1 percent.
Microsoft has bought Israel-based security company Secure Islands for a reported $77.5 million that allows the American corporation to utilize IQProtector.
Yang Weimin, deputy director of the Office of the Central Leading Group on Financial and Economic Affairs, stated that the Chinese consumers would decide whether or not the country's economic targets in the next five years will be attained.
Starbucks' red holiday coffee cup has been a yearly tradition for almost two decades, but this year's plain version has caused controversy due to the lack of Christmas décor on past drink containers including snowflakes, string lights, reindeer, evergreen trees, stars, snowmen, and ribbons. It is unclear if the coffeehouse chain wanted to create online buzz, but it resulted in a big debate on social media.
China Eastern Airlines will be providing passengers on selected long-haul flights with 3G WiFi service starting Thursday, Nov. 12, becoming the first domestic airline in the country to offer such service, the Shanghai Daily reported.
China needs to streamline regulation, trade specialists have said, following a sharp decline in imports for the first 10 months of 2015.
Volkswagen admitted on Nov. 9, Sunday, that it had exaggerated fuel economy and played down carbon dioxide emissions for cars sold in Europe. This was after internal whistle-blowers provided information about the gas car cheating.
The China Securities Regulatory Commission (CSRC) announced that it will resume companies' initial public offerings (IPOs) in a bid to make and sustain a rebound after the dramatic market slide last summer.
