A regulatory filing by sports carmaker Ferrari with the U.S. Securities and Exchange Commission said that the company would offer 17.2 million shares valued at $48 to $52 each for its initial public offering (IPO).
A businessman and his company have made it their project to export traditional Chinese medicine to the world. He hopes to take advantage of the Belt and Road Initiative the government is promoting.
The closure of online-to-offline businesses in China is not an unusual situation, Liu Kuang, an Internet company founder, said. He noted that relying on burning money to build businesses is really an unsustainable approach.
The first stage of the China International Payment System (CIPS) was officially launched Thursday in Shanghai, marking a milestone in the government’s efforts to make the yuan a global currency.
China’s Aviation Industry Corporation (AVIC) revealed the technical specifications of the J-31 Gyrfalcon during the four-day Aviation Expo China 2015 despite a lack of flight testing, according to a report by China Daily.
Pandora Media Inc. acquired Ticketfly Inc. to fight against big music competitors like Apple Music and Spotify. The internet radio company announced the acquisition on Oct. 7, Wednesday, and the deal was worth $450 million.
Reddit has become one of the largest community forums nowadays. With its success, Reddit co-founder Alexis Ohanian admitted that building the business, or any other business, is not "fun."
China is seeing a rise in the number of online deals for luxury goods, according to a study reported by KPMG. The news comes amid the concern that such goods are experiencing dwindling sales in the country.
Taiwan is among the world's top three nations with the largest e-commerce penetration rate. The other two are South Korea and the United Kingdom.
The $248-million initial public offering (IPO) of IMAX China Holding Inc. in Hong Kong saw a relatively weak demand from retail investors, according to a filing on Wednesday.
Experts have agreed that the Chinese government's call for a greener economy--the advancement of a low-carbon economy and the establishment of a global energy network--will bring massive business opportunities to the country, outnumbering the possible risks the nation could face.
As part of an overseas manufacturing deal, Taiwan's contract laptop maker Inventec is partnering with China's top domestic smartphone maker Xiaomi for the latter's Indonesian and Indian productions.
Small Chinese consumer apps such as Car8 have gone out of business due to the lack of funds to finance continued operations, according to reports by the Wall Street Journal.
