A number of malls had to evacuate its patrons after fights broke out in their various establishments.
China’s express delivery business will continue to grow strong in 2017, an industry expert said on Sunday, Dec. 25, after the nation’s postal authority announced that the sector has handled about 30 billion express delivery parcels as of Dec. 20.
U.S. aviation giant Boeing is expecting China to become its first trillion-dollar market, as more than 6,000 new commercial planes will be needed by the country for its aviation expansion in the next two decades.
Following a key economic meeting held this month, Chinese leaders called for a “prudent and neutral” monetary policy for 2017, with the aim to prevent financial risk and maintain the path towards the stable and robust growth of the country’s economy, Reuters reported.
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An estimated $360 million (RMB2.5 billion) was raised in the latest funding round, led by China’s two tech giants, Alibaba and Tencent, for Bona Film Group, a leading Chinese distribution and film production company.
Though blocked in China, the parent company of U.S. messaging app Snapchat is trying to establish its presence in China as Snapchat Inc. opened a technology office in Shenzhen and announced hiring of new workers, a CNN report said.
The demand for industrial metals is expected to surge next year, with China maintaining its role in defining the prices, an article by the Australian Financial Review said.
Like Alibaba which broke IPO records when it listed in the U.S., iQiyi, the video-streaming site of Chinese internet giant Baidu, plans to go public to raise fresh funds. The video streaming site was the one that broadcast Korean drama “Descendants of the Sun” which reached more than 1 billion views in China.
The financial shifts across the world has affected China’s bond market, with the threat of further slump, as prices for government and corporate bonds dropped last week and continued until Tuesday, Dec. 20, forcing the government to limit some trading and extend emergency loans to distressed financial institutions.
In a puzzling turn, Vine declared that the app's greatly mourned death has been mostly exaggerated. Instead of shutting down completely, next January the Vine app will become Vine Camera that allows users to make the six-second looping videos that has made Vine a hit. Users will be able to either add the videos to Twitter or save these to own phone. Vines will loop on Twitter just as it did on the Vine app. Vine Camera will also direct Vine users to follow each other on Twitter.
As Microsoft has made it official to absorb LinkedIn, it is expected to have one goal: Make this acquisition unique. The company has a track record of giant buys gone south and write downs have capped $13 billion since 2012. The buying of Nokia's handset unit appears to have doomed from the beginning, while buying aQuantive, which made software for selling display ads on the web, suggests like a good idea - yet it winded up being a pricey mistake.
Verizon and AT&T have replied to letters from the Federal Communications Commission (FCC) that disputed the companies' sponsored data plans are hurting consumers and the open market.
Multinational companies operating in China are finding it hard to take money out of the country as Chinese regulators have imposed tougher restrictions on the flow of capital out of the China in a bid to slow the devaluation of the yuan.
After a strong public backlash against privacy updates, Evernote decides not to push through with it.
