Alibaba Group Holding Ltd. top executives Chairman Jack Ma and Vice Chairman Joseph Tsai have been reportedly planning to raise more than $2 billion through a margin loan pledged against the company's stock, sources familiar with the matter said.
A recent report reveal that Apple is ramping up its AI division by hiring more artificial intelligence experts into its pool of employees. Apple was reported to be hiring from PhD programs in order to fill its current job listings.
The National Bureau of Statistics announced that it has revised the 2014 GDP growth from 7.4 to 7.3 percent. The government is not planning to make any major changes.
The Development Research Center of the State Council, together with the Society of Automotive Engineers of China and Volkswagen Group China, has released this year’s China Automotive Industry Development report on Aug. 31, the China Daily reported.
A microbiologist sent by travel website Travelmath.com took 26 samples from items found in five U.S. airports and four jets of two major airlines. Tests conducted discovered that the item with the most colony-forming units (CFU) per square inch was the food tray.
Officials are shutting down 153 heavy polluting businesses near the Shanghai Disney Resort. The government is promoting more eco-friendly sectors near the theme park.
In a place near the main office of Alibaba Group Holding Ltd. in Hangzhou, a swarm of activity is taking place. Popularly known as Dream Town, the place promises wonders for Internet startups based in the capital of Zhejiang Province. These perks include free office space and infrastructure facilities for a minimum of three years.
Facebook holds the two top positions on the list of the most popular apps in the US.
The Chinese government, through the Ministry of Finance, has presented public private partnership (PPP) funds worth 100 billion yuan ($15.7 billion) for local governments, in a bid to attract investment and boost the economic growth of the country, the Want China Times reported.
China’s third-party payment service sector faces a major setback after one of the first companies to obtain a license in the business was shut down by the country’s central bank last week.
Brand Finance attributes the estimated $5 billion that tiny Princess Charlotte has contributed to the British economy to the Charlotte Effect.
State-owned China Railway Rolling Stock Corporation (CRRC) has inaugurated a new $95-million manufacturing plant on Thursday, Sept. 3, in Springfield, Massachusetts, the China Daily USA reported.
WhatsApp instant messaging service's CEO and co-founder Jan Koum announced on September 3, Thursday that the company has reached the milestone of 900 million monthly active users (MAUs), passing services including Facebook Messenger. While the company lacks a business model, it has recently made wholesale changes since Facebook bought it last year.
The manufacture and sales of firearms are on the rise in China as more sellers turn to the Internet for potential customers.
The economic growth and development of Shanxi Province, a main coal producer, remains slow, said Governor Li Xiaopeng, the son of former premier Li Peng, during a meeting with a group of state-owned enterprise (SOE) representatives who visited the province for investment talks on Aug. 29, the Want China Times reported.
