Hong Kong property mogul Li Ka-shing recently made the rounds as he placed a whopping total of HK$342 million (roughly $44.1 million) on a minor stake in FDG Electric Vehicles Limited, an automobile company based in Hong Kong.
Aside from convenience, the development and popularity of takeaway food delivery apps have also drastically changed the eating habits of Chinese people living in the cities.
China's three Internet giants--Baidu, Alibaba and Tencent (BAT)--have failed to get a large share of the burgeoning online travel business, as online travel websites Ctrip and Qunar continue to lead the sector after embracing the online-to-offline (O2O) model, the Economic Observer reported.
The blasts that happened in Tianjin on Aug. 12 may result in a total of $1 billion worth of insurance claims. The massive warehouse explosions in the port city killed at least 122 people and injured over 720.
Internet lending industry experts said that China has seen a surge in such transactions for the first half of 2015. The transaction volumes have tallied up to 300.6 billion yuan.
TCL Corp. plans on accelerating its process toward globalization to give a better focus on emerging markets.
The new trend of private cinemas is becoming more and more popular among young people. Many prefer the private setting and its broad selection of films.
Car dealers are offering discounts of at least 30 percent to incentivize buyers and boost sales. But with prices getting even lower, many are choosing to wait.
Toyota has stopped manufacturing operations in three lines near the Tianjin blast area "due to ongoing evacuation advisories." Many automakers are still struggling to assess the damage to their cars.
Online shopping website Zulily will be acquired by Liberty Interactive Corporation for around $2.4 billion. Liberty Interactive Corporation is the owner of TV shopping network QVC and the company aims to create an e-commerce platform worthy to rival the current powerhouse Amazon.
Online retailer Amazon was the subject of a recent controversy that exposed the company’s severe culture within its workspace. The report describe Amazon’s brutal workplace culture as a jungle.
Taxi-hailing services provider Didi Kuaidi has announced on Monday, Aug. 17, that it is planning to offer designated driver services in 55 more cities in mainland China, as part of its service portfolio expansion, the Global Times reported.
The Chinese government is set to make major repayments of the loans it had incurred for the construction of over 70,000 kilometers of highways in the past decade, the Southern Weekly reported.
A naked woman in trenchcoat, a tiger, two wolves and a bobcat were spotted by people who were in the vicinity of the Detroit Packard Plant, according to Detroit resident Andy Didorosi. He got a call on Monday from a friend requesting help to contain the tiger.
With the help of social media sharing and the recent win in the 2022 Winter Olympics bid, China has seen a boom in fitness training. This has led the country's sports industry to start joining the trend of working out at gyms.
