A list released by Forbes magazine on Monday, Oct. 26, has placed Wang Jianlin, chairman of conglomerate Dalian Wanda Group, on top of the 2015 Forbes China Rich List, followed by Alibaba chairman Jack Ma Yun in second place, the Global Times reported.
Wishu, a small company founded by French businessmen, is slowly succeeding in making tampons a profitable business in China. However, they still face China's negative attitude toward tampons.
An alliance of 12 companies has been formed to promote the Chinese e-sports industry. The alliance plans to introduce better games, as well as a diverse range of e-sports events.
Several high-end car brands are planning to invest in the development of autonomous vehicles (AVs), or self-driving cars, and to start selling them next year, according to the Economic Observer.
Online travel company Ctrip.com International Ltd. and its rival Qunar Cayman Islands Ltd. have agreed to form a share-swap partnership to create China's biggest online travel service, the China Daily reported.
Apple has announced plans to invest in solar power generators and help its manufacturing partners to become more environment-friendly, as part of efforts to boost its green credentials in China, the Xinhua News Agency reported.
Japanese consumer electronics maker, Sony, is looking to acquire the image sensor business of Toshiba for 20 billion yen ($165 million), according to sources close to the deal. Sony's President Kazuo Hirai has been looking to buy the business in order to solidify his company's dominant position for producing chips used for capturing smartphone pictures.
Businesses based in the U.K. will be getting the assistance of Chinese e-commerce giant Alibaba Group Holding Ltd. to help them operate and sell products on Alibaba’s B2B e-marketplace platform, following the signing of a Memorandum of Understanding (MOU) with U.K. Trade and Investment (UKTI) on Friday, Oct. 23, the China Daily reported.
A dozen of experts are urging the government to amend the draft regulation on online car-hailing services. They have expressed disapproval on the recently published rules as they saw serious flaws on it.
A growing number of tourists are going to northwestern China, attracted by the rich and ancient cultures of the region as local officials find ways to finance the expansion of the budding tourism industry, the China Daily reported.
In response to public outrage over Turing Pharmaceuticals' recent 5,000 percent price hike of the generic cancer and HIV/AIDS drug Daraprim to $750 per-capsule, a California-based company that fills individual patient prescriptions announced on October 22, Thursday that it would offer a $1-per-pill low-cost alternative medication that contains the same active ingredients as the original 62-year-old medicine.
Electric car and battery maker BYD and Tesla Motors have stepped up efforts to seize market share in Guangzhou's electric vehicle market, according to Yicai.com.
The State Council has decided to launch a pilot trial that will let individuals make overseas investments. This is part of the government's move to internationalize the yuan.
Merlin Entertainments, in partnership with China Media Capital, is set to open a Legoland theme park in Shanghai. The deal was announced in London during President Xi Jinping's visit to the U.K.
