A report by the Want China Times citing the China e-Business Research Center stated that China’s e-commerce sector is set to enter a prosperous phase as more and more online consumers fix their focus on quality goods and services.
Beverage companies in China are hoping to attract women customers to boost their sales, following the sales drop that affected the luxury goods industry including the alcoholic drinks sector, the China Daily reported.
China’s economic restructuring espoused by "Made in China 2025," or China's version of "Industry 4.0," a 10-year plan for manufacturers to shift into greener, more intelligent processes that emphasize quality over costs, can be done by integrating new technologies with old industries, Wang Haizhong, head of China Brand Strategy Research Center, said.
Electric carmaker Fisker has changed its name to Karma and received financial backing from Chinese billionaire Lu Guanqiu, as it now plans to launch its $115,000 (731,000 yuan) plug-in hybrid coupe with its own name, according to Bloomberg News.
U.S. Attorney General Loretta Lynch ordered British Petroleum (BP) on Monday to pay a record $20.8 billion for damage it caused in the 2010 Gulf of Mexico oil spill.
Disneyland recently announced that it is hiking the price of its annual passes to more than $1,000. Analysts said that Disneyland parent company Walt Disney wants to cash in on the influx of demands during peak seasons, hence the price hike.
BYD Co. has launched two more electric bus models, the C6 and C8, giving it a total of four electrified bus models in its lineup.
Shanghai has started efforts to attract investors in the robotics manufacturing sector with the aim to develop the industry and make the city as the hub of the country’s robotics industry, the Want China Times reported.
Soft drink manufacturer Pepsi announced that it will release a limited edition bottle using the theme from “Back To The Future” movie franchise. The new limited edition product will be marketed under a new brand name “Pepsi Perfect.”
When American entrepreneur Kevin Systrom and Brazilian software engineer Mike Krieger went out on a limb to develop a photo-sharing app that they called Instagram, little did they realize they had hit something big. That was five years ago.
ASE is eyeing to block a stock swap deal between Siliconware and Hon Hai. ASE is currently the largest shareholder of Siliconware.
Recent foreign exchange reforms implemented by China’s central bank have been credited for the narrowing gap between the renminbi's price in onshore and offshore markets, after its exchange rate against the U.S. dollar became stronger offshore than onshore on Sept. 29, the China Business News reported.
Even if the emission crisis had wiped out $34 billion from Volkswagen's value as shares plunged up to 30 percent, Hans Dieter Poetsch, finance chief of the German carmaker, believes that Volkswagen can overcome the crisis.
Google officially became a subsidiary of the holding company Alphabet at the close of business on October 2, Friday, due to reorganization. The umbrella company also includes Google Fiber, Life Sciences (contact lenses and blood sugar-monitoring devices), Nest, Google Capital, and Google X (drone deliveries, city-wide Wi-Fi, and self-driving cars); and the products Search, Android, Ads, YouTube, and Maps. The business change will make Sundar Pichai the new CEO in charge of daily operations, and help co-founders Larry Page and Sergey Brin invest in new ventures and markets.
China seeks to enforce stricter measures on overseas cash withdrawals by UnionPay bank cardholders as part of its efforts to stop money laundering. Authorities have advised cardholders to refrain from withdrawing large amounts of money overseas, said the State Administration of Foreign Exchange (SAFE), China’s foreign exchange regulator, during a news briefing.
