Financial experts see the rising interest rates in the United States to have a drastic effect on China’s economy, especially in managing its debt problem, increasingly relying on borrowing to maintain growth while trying to prevent capital from leaving the country, according to CNBC.
Southeast Asia’s largest e-commerce site Lazada Group SA, a company bought by Alibaba for $1 billion this year, is enhancing its logistics control over Southeast Asia in anticipation of Amazon’s entry in the region next year.
Prime Video, Amazon.com's video-on-demand service, made a global debut on Wednesday in a bid to cement its rivalry against Netflix. However, Amazon skipped the country that is known to be the world's second-largest entertainment market: China.
As the Chinese government moves to curb speculative stock investments done by several Chinese big insurance companies, Chinese shares fell to its biggest daily drop in six months.
As Chief Executive Officer Brendan Iribe is stepping down from the role to lead a new division of the virtual reality headset maker, Facebook Inc.'s Oculus Rift is reorganizing.
The "Community Commerce" takes root during Taobao's annual shopping extravaganza this year. The "Community Commerce" is regarded as the secondary transaction value for video bloggers and news feeds.
A day after the WTO deadline on Dec. 11, China launched legal action against the EU and the U.S. for failing to designate the country a market economy status and for not changing the anti-dumping methodology in time, a decision that could increase the possibility of a trade war.
Chinese tycoon Wang Jianlin has revealed that he is looking for a successor to run his 634 billion yuan ($91.8 billion) business empire--which includes shopping malls, theme parks, sports teams, and cinemas--after his only son said he did not want to take over the reins.
Analysts see the coming year, 2017, as a breakout year for Alibaba, with predictions that the e-commerce giant’s stocks may rise about 40 percent amid a minimal increase in the overall stock markets based on expectations of banks.
After receiving flak from consumers who claimed their purchased cars did not performed as advertised, electric car giant Tesla Motors Inc. has reportedly come to an out-of-court settlement with 126 Norwegian consumers who were unsatisfied with the cars they bought.
A rising number of middle-class Chinese investors are moving money to invest overseas as international financiers of small projects, the New York Times reported.
Within one year, Alibaba Holdings, one of the eCommerce giants of China, has managed to build a footprint all over Southeast Asian countries. The company is eyeing the region’s approximately 620 million population, 250 million of which are smartphone users and technology-savvy.
November car sales in China hit a monthly record high as consumers rushed to purchase so that they can benefit from a tax break before its scheduled expiration. According to the China Association of Automobile Manufacturers, it is reported that foreign and domestic cars delivered approximately 2.59 million cars, which includes minivans, crossovers and sedans.
As China marks its 15th year as a member of the World Trade Organization, its will continue to push for globalization and trade promotion, experts said.
