International agribusiness companies in the country have taken to social media platforms to ease public fears over genetically modified products and inform the public about GM science.
JD.com Inc, China’s second largest e-commerce company in terms of sales, will buy a 10-percent stake in Chinese supermarket chain Yonghui Superstores Co. Ltd. for 4.3 billion yuan ($700 million), the company revealed in a second quarterly financial report on Friday.
Dropping sales in the tablet market worldwide led many manufacturers in China to diversify their products by expanding offerings to include smartphones, wearable devices and vehicle navigation systems, specifically unmanned aerial verhicles (UAVs) or drones, during the first half of 2015, according to China Business News.
The country’s new-energy car vehicle sector is attracting several automakers in China to make inroads into the industry amid the sluggish market sales and major issues that include local protectionist policies and lack of charging facilities.
A study conducted and released by the overseas affiliate of online shopping site Taobao has revealed that Chinese Internet shoppers have expanded their overseas shopping options to more than 100 countries and regions in the past decade, with the total number of products reaching more than two million, according to a report by the overseas edition of the People's Daily.
China struggles with declining sales in luxury brands, as customers are now more conscious of price tags, allowing luxury brand startups together with international e-commerce and cross-country purchases to make their way through the Chinese market.
While other luxury car makers were enjoying good sales that translates into profits for the company, it was the opposite for Elon Musk's Tesla Motors. It reported a $359 million operating loss for the second quarter.
There would no longer be "Boys" and "Girls" signs in the toy, bedding and entertainment sections of Target. The department store giant said on Friday that it would begin to remove the gender-based labeling in several sections.
Employees who want to know how miniscule their pay is compared to what their CEO gets would soon find the bitter truth following the Wednesday vote by Securities and Exchange Commission on the issue. In a 3-2 vote, the regulator agreed to adopt regulations that makes it mandatory for companies to disclose the huge pay gap between the CEO and workers' salaries.
China aims to establish a national property information platform by 2017. The move is regarded as a way to introduce a new property tax, the Ministry of Land and Resources said.
Is investment guru Warren Buffet losing his touch? That would be the question observers of his career and company Berkshire Hathaway would ask on reading the second quarter report of the company released on Friday.
Chinese e-commerce titan Alibaba has teamed up with Yongda, a leading car dealer, in a bid to attract buyers from car showrooms to an online marketplace, as the two companies set up the first Internet car festival, according to an article published on CRIEnglish.com.
Chinese customers are complaining about Microsoft's after-sales service for the Surface tablet PC, with issues such as high repair costs and unavailability of parts.
A theme park in California has the documentary "Blackfish" to blame for the 84 percent drop in its net income for the second quarter. SeaWorld Entertainment reported Q2 net income of $5.8 million, down from the $37.4 million for the same quarter in 2014.
China’s top Internet search engine Baidu has made an investment in online laundry service provider Edaixi, Chen Jinghua, a director at Edaixi, revealed to the Global Times on Wednesday.
