According to Shanghai's market watchdog, over 30 percent of online items--clothing, children's furniture, shoes, and even products from Marks and Spencer and Jack & Jones--have failed the quality control tests it has conducted.
Toyota will invest $1 billion in a California artificial intelligence (AI) research center, where it will develop self-driving car and robotics technology. Some of the research and development (R&D) facility's goals will be to develop products to build accident-free vehicles, and robot tech to make older people safe at home.
The country’s Internet titan Alibaba Group Holding is planning to acquire Sina Corp., the leading local Internet media firm, as the two companies were reportedly negotiating the terms of the acquisition.
Facebook's $306 billion market value is now higher than General Electric (GE), whose long history can be traced back to Thomas Edison and the first long-lasting electric light bulb. The oil giant Exxon Mobil and Warren Buffet's Berkshire Hathaway are the United States' only two industrial blue chips worth over $300 billion. Apple, Google, and Microsoft hold the nation's top market values, representing Wall Street's shift in the Digital Age. Mark Zuckerberg's social network is on the heels of Amazon, valued at $307 billion.
Xie Yanxi, a 27-year-old graduate of mathematics, is using her degree and her business sense to success in the volatile stock market. She recalls how she got to her current occupation as a full-time stock market investor.
The Zhongguancun Administrative Commission has launched China’s first fund for Angel Investment--the Zhongguancun Angel Fund of Funds--on Oct. 21, coinciding with the National Week of Mass Entrepreneurship and Innovation, the China Daily reported.
U.K.-based Vertu, maker of luxury mobile phones, will soon join the quickly growing Chinese smartphone market. Vertu Co. Ltd. has been sold to Hong Kong’s Godin Holdings.
Beijing's Zhongguancun Industrial Park in Haidian District was toured by a delegation of European leaders. The group, comprising mainly of young political figures from Central and Eastern Europe, was in China in time for the Young Political Leaders Forum of China and Central and Eastern European Countries. The visitors were pleased and impressed by how China treats budding entrepreneurs.
AT&S Group, a producer of high-end printed circuit board (PCB) based in Austria, announced on Tuesday, Nov. 3, that its plant in Chongqing Municipality is "under construction" and will start its operation at the beginning of 2016.
The controversial dating website SeekingArrangement.com is launching a version in China. The website connects successful people with attractive people to create "mutually beneficial relationships."
According to a recent report from China's top legislative body, Chinese consumers have mostly complained about online shopping in 2014.
China has announced plans to initiate research and development (R&D) into the technology of precision medicine, or personalized therapy, which will begin when the government's 13th Five-Year Plan is implemented for the 2016-2020 period, the China Business News reported.
South Korean battery manufacturer Samsung SDI has announced the start of operations at its first electronic vehicle (EV) battery factory in Xi'an, the 21st Century Business Herald reported.
China’s Internet search giant Baidu is likely to pursue plans to transform amid the rapid growth of its heavily invested online-to-offline (O2O) business, the China Daily reported.
Wealthy Chinese are still the top buyers of luxury products across the world, unmindful of the country’s economic slowdown as they travel around in search of deals, a poll released on Oct. 29 showed.
