Chinese appliance retailer Suning has launched a price war ahead of November online shopping promotions, aimed against its online rival JD.com (Jingdong Mall), the Beijing Business Today reported.
China's Internet search giant Baidu has confirmed a plan to freeze hiring new staff, becoming the country’s second major Internet company to change its personnel policy, the China Business News reported.
Experts have agreed that enhancing China’s gold reserves as well as the gold trading market would be helpful to the internationalization of China’s renminbi, the Xinhua News Agency reported.
LeTV will be acquiring a 70-percent stake in the Chinese car-hailing services provider, Yidao Yongche. This partnership marks the completion of LeTV’s electric car strategy.
Google Inc. is investing tens of millions of dollars to the Chinese search-and-smartwatch startup, Mobvoi Inc. The startup has developed a Chinese smartwatch, operating system and a Chinese voice search mobile app.
Online retailer Vipshop is investing in the French site Showroomprive.com. The deal is part of Vipshop’s “going global” initiative.
The People’s Bank of China (PBOC), China’s central bank, issued on Tuesday, Oct. 20, its first offshore renminbi bond in London, marking a milestone in China’s plans to bolster the offshore liquidity of the renminbi in the U.K., the China Daily Europe reported.
Owned by Walt Disney Co., sports cable network ESPN is ditching about 350 employees, and this could be made public by the company by early Wednesday. The reduction represents about 4.3% of ESPN’s workforce.
State-owned energy giant Sinopec Corp. is in advanced talks to acquire a controlling stake in independent petrochemical firm Dragon Aromatics, the operator of one of China’s biggest chemical plants, insider sources privy to the deal told Reuters on Tuesday.
British Prime Minister David Cameron has appointed Jack Ma, executive chairman of Chinese e-commerce giant Alibaba, as a non-remunerated member of his Business Advisory Group, according to Agence France-Presse (AFP).
The Chinese government eyes to commence the nationwide “negative list” system for investment access in 2018. This move is expected to help drive economic growth.
The oil and gas giant BP Plc will sign a number of energy deals with Chinese companies. The partnerships are regarded as a great potential for enhanced cooperation between China and the United Kingdom.
Courier companies have been preparing for the annual online sale on Nov. 11. Single people in the country are expected to make purchases as the indicated day is referred to as a shopping festival and a “Singles’ Day.”
China Vanke Co. Ltd., a real-estate company, has purchased a 20-percent stake in a London property development project, marking their first venture in the U.K. commercial realty sector.
Nadella is said to have earned 120% of his targeted annual cash reward - a $4.3 million bonus, and this is apart from his $1.2 million salary for the year and the $12.8 million he owns in stocks.
