Luxury goods retailers in China can expect sales to rebound this year, as Chinese consumers begin to revive their penchant for purchasing expensive fare in time for the Lunar Year holiday. This time, however, they should expect a different growth trend among Chinese consumers.
Blockchain infrastructure provider BitFury Group received $30 million as investment from Hong Kong-listed fintech company Credit China Fintech Holdings which also includes the setting up of a joint venture that will promote blockchain technology in China, CNBC reported.
The shares of Zhejiang Jinke Entertainment Culture Co. dropped in the Shenzhen market after the company announced plans that it will buy Outfit7, the maker of Talking Tom, in a deal worth at least $1 billion, a Bloomberg report said.
Chinese ride-hailing company Didi Chuxing was ordered to remove the price-hiking function in its platform, following a meeting with the Shanghai Municipal Transportation Commission, China Daily reported.
Alipay, the electronic payments service of China's Ant Financial Services Group, has announced that it will now be accepted at over 13,000 Lawson convenience stores throughout Japan starting Jan. 24.
The People's Bank of China has just successfully completed its trial run of a digital bank acceptance exchange. This makes PBOC the first central bank in the world to issue its own digital currency.
Finland's flag carrier Finnair will be using Alibaba's online payment platform Alipay to allow travelers to purchase in-flight products and services.
Apple Inc. has filed two lawsuits against Qualcomm Inc. in a Beijing court on Monday, and is seeking $1 billion yuan in damages.
HNA Group and RON Transatlantic EG have signed an agreement to purchase a majority stake in SkyBridge Capital, a New York-based alternative investment company founded by staunch Donald Trump supporter and now adviser to the White House Anthony Scaramucci.
In a press conference held in Beijing on Thursday, European Ambassador to China Hans Dietmar Schweisgut said that China's efforts in keeping an open economy are not sufficient.
China’s stimulus programs may have helped the country meet its growth target but it created stability risks in return, international ratings agency Fitch said a report on Monday, Jan. 23, CNBC reported.
Some Chinese brands might not be spared by the ire of newly elected Donald Trump, a vocal critic of China particularly when it comes to its trade relations with the U.S.
Among 31 provinces and municipalities in mainland China, Guangdong Province in South China is the largest and fastest-growing economy in terms of GDP, which was driven by government efforts to stabilize the economy and the rising housing prices.
China’s three largest bitcoin exchanges have started charging 0.2 percent for every transaction starting noon on Tuesday, Jan. 24, amid pressure from China’s central bank to control speculation in the virtual currency trading.
