There is a secret group within Facebook where the privileged class members meet to figure out where to invest their wealth and what sort of luxury things to buy. The private club named T.N.R. 250, short for The Nouveau Rich 250, is formed by 250 of the company's privileged class members.
Zhu Chenhui, also known as Cherie, is set to earn more than Fan Bingbing this year. The earnings are from her clothing store on Taobao.
Around 90 percent of the microshops or “weidian” of individual sellers on social messaging app WeChat are likely to close or transform into online-to-offline (O2O) shops over the next three to five years, the Want Daily newspaper said in a report on Wednesday.
Global e-commerce giant Alibaba has expressed plans to further increase its presence in Latin America, as Michael Lee, head of Alibaba’s international marketing and business development, said during a conference held in Buenos Aires on Tuesday, Sept. 1, organized by the Latin American Institute for Electronic Commerce and Argentina Chamber for Electronic Commerce.
A growing number of enterprises in China’s financial sector are starting to make use of face-recognition technology, as pioneered by WeBank, the nation's first Internet bank, which already has face-recognition capabilities in its app, the Shanghai-based China Business News reported.
China will be putting up a national fund worth 60 billion yuan to aid the development of small firms. This is part of the decisions made during a State Council executive meeting on Tuesday.
Xinhua has reported that several suspects have confessed to police of wrongdoings involving the stock market. The charges against them include spreading false information, taking bribes and insider trading.
Global aircraft manufacturer Boeing predicted an upward trend in its market forecast for business aircraft deliveries in China over the next 20 years, despite the instability seen in China's equity markets, the Century Business Herald reported.
China's top legislature agreed over the weekend to remove the two-decade limit on the loan-to-deposit ratios (LDRs) of commercial banks, a new initiative toward sustaining the real economy amid downtrend in economic growth.
Premier Li Keqiang’s comments on Friday, Aug. 28, that China’s economy is within control and a continued depreciation of the yuan has no basis will provide encouragement and help restore confidence among investors, analysts said on Sunday.
Because of renminbi depreciation, the online sales performance of foreign items in China saw a recent decline. The currency value has dropped from 6.1174 to 6.4085 from Aug. 7-27.
China could have been experiencing downfall in its stock market, currency and economy, but U.S. media outlets are still affirmative with its ability to influence the next decade. One of those who echoed this thought is Time editor-at-large Ian Bremmer.
Ashley Madison's founder and CEO Noel Biderman announced his resignation on Aug. 28, Friday, following the hacking incident in the adultery website.
State-run defense firms in China are starting to shift their focus to commercial markets, taking advantage of the government’s “Made in China 2025” program meant to bolster the country’s slowing economy.
Gruesome video footage shot by animal rights activists undercover at a farm which supplies chicken to McDonald's has prompted the popular fast-food chain as well as Tyson Foods to cut ties with the farm where workers were seen clubbing and stabbing chickens.
