McDonald’s Corp has agreed to sell majority of its China and Hong Kong-based business to state-owned conglomerate CITIC Ltd and private equity firm Carlyle Group. The fast food giant is seeking to expand its operations in the country without using much of its capital.
The music streaming site SoundCloud revealed that approximately $70 million dollars lost between 2013 and 2014. The issue is horrible enough for the company to gain more capital in the next 12 months.
China’s top leaders have set the plans for the country’s growth this year, with stability as a priority while growth goals and economic reforms are second in the agenda, Bloomberg reported.
Targeting to hire 2,000 full- and part-time workers in China, the Shanghai Disney Resort is teaming up with various educational institutions in the country to search for a fresh pool of talent.
China’s foreign currency holdings fell by $320 billion in December last year, following a six-month decline, while the yuan made its sharpest annual drop, Bloomberg reported.
A subsidiary of China’s top automaker SAIC Motor Corp plans to acquire General Motors (GM) manufacturing assets in India, a filing with the Indian competition watchdog showed on Friday.
What separates a successful and a happy person from the one who is not is his mindset; the way he thinks and approaches certain situations, the way he embraces the challenges that come his way, and how he is able to manage to be fine no matter what life throws at him.
Chinese telecom equipment maker ZTE, which is facing U.S. trade sanctions that could seriously disrupt its supply chain, is cutting around 3,000 jobs, including a fifth of positions in its struggling handset business in China, according to company sources.
Baijiu, a highly valuable Chinese alcoholic drink, has become a key driver to China’s stock fortunes in 2016.
Facebook has invited fire over the past year for its participation in the propagation of 'fake news' - a perspective that is confided by some that it may have helped Donald Trump towards victory in president election - and its hesitancy to address some of its responsibilities as a giant media platform. Still it appears that the company's newly employed 'Head of News' won't be contributing to any of the actual decisions about such things.
