In an effort to adapt to the changing market, Wanda Group has decided to close several department stores and all its karaoke bars, in favor of e-commerce.
The central bank of China is proposing a limit on the size of online payment transactions. According to a source from the People's Bank of China, the proposal is based on a 2014 survey.
Analysts' projections that "Star War: Episode VII - The Force Awakens" would gross $2.2 billion when shown globally in December has boosted the shareprices of Disney. The giant film company would likely increase revenue by 6 percent to $13.225 billion, increasing Disney's shareprice to almost 45 percent over the last 12 months.
Shanghai-based privately owned carriers Spring Airlines and Juneyao Airlines have recently announced plans to raise funds for new aircraft and expansion into online-to-offline (O2O) businesses, Guangzhou's Time Weekly reported.
It is not just Zimbabwe's legal system that is running after lion killers. At least one airline is doing its share to protest the killing of Cecil, the lion, by banning the global shipment of some big game trophies.
Some senior citizens might end up paying more for their Medicare starting in 2016. The Part B Medicare premiums are expected to rise to as much as 52 percent next year.
Bloodshed in Greece's financial markets continued on Monday when the country's stock exchange opened after five weeks of closure. Within minutes of opening, the Athex shed 22.8 percent to 615.16 points.
Apple, the world's top gadget maker partnered with the sophisticated automaker, BMW. The two companies reportedly have some talks about BMW's i3. BMW's feature that forgets how to crash and how to park, which may lead to jointly creating a vehicle.
Gravity Payments CEO Dan Price's uber generous act of slashing his $1 million pay drastically and paying a minimum $70,000 a year salary to his 120 employees seemed like a win-win situation when he announced it in April.
Social scrapbooking company Pinterest and “America’s Next Top Model” cycle 22 host Tyra Banks are singing the same tune when it comes to promoting diversity.
LinkedIn recently announced its revenue increase for the last quarter had beaten analysts' estimates. Yet, LinkedIn's latest quarterly report indicates the decelerating growth within the company, according to two analysts.
With a $51 billion valuation, ride-sharing company Uber has four times the combined value of two of the giant car rental companies. The newest investors in the latest round of fund-raising that brought in close to $1 billion include tech giant Microsoft.
Chinese taxi-hailing and ride-on-demand app developer Didi Kuaidi has announced on Wednesday, July 29, that it will invest 500 million yuan ($80.55 million) for its shuttle service, which is set to operate in more than 30 Chinese cities by year-end, the Xinhua News Agency reported.
At the end of the trading day on July 23, the stock market shows that the Dow Industry is down with 5.41 points or 17745.98, 0.06 point was added to S&P 500's 2108.63 while Nasdaq Composite Index improved by 0.3% adding 17.05 to its 5 128.78 points. The market also shows an increase in the US's GDP.
Baidu Inc., China’s leading Internet search provider, announced on Thursday that it will buy back shares worth $1 billion to pacify investors, after the company’s stock price plummeted following disappointing second-quarter earnings.
