New elements were used in the new bike introduced by Chinese bike-sharing startup Ofo, together with a new scheme called the City Sharing plan, which were launched on Nov. 17 in Beijing and Shanghai, the Global Times reported.
The death of revolutionary and Cuban leader Fidel Castro on Friday, Nov. 25, will likely affect Chinese businesses in the Caribbean island-nation as relationship between the U.S. and Cuba is expected to normalize in the future, experts said.
The demand for Bitcoin is expected to surge as a result of China’s new capital control regulations that restrict overseas investment by Chinese firms, similar to the one that the Chinese government had imposed on wealth management products (WMPs) in October, analysts said.
When several Australian banks submitted an application to The Australian Competition and Consumer Commission (ACCC), it rejected the application to collectively negotiate with Apple over Apple Pay.
Cash-strapped LeEco is suffering another blow as China handset maker Coolpad, in which it is the biggest shareholder, announces a surprising sales slump.
Despite the fact that China is the second largest economy in the world after the United States, it still lags behind when it comes to entrepreneurship--which might not be as bad as it first seems.
Despite reassurances by the People's Bank of China (PBOC) regarding the stability of the yuan, the currency and its status on the world stage continues to be the subject of controversial discussions by financial professionals, policymakers and academics the world over.
New methods of gleaning information from big data could bring to the fore important economic data and shed light on the doubts that have been clouding official Chinese government statistics for many years.
News aggregator Digg will be losing its CEO to the South China Morning Post, which was acquired by e-commerce giant Alibaba earlier this year.
Chinese firms trying to gain presence in the U.S. venture capital sector are facing difficulties but despite this, Chinese investments in tech deals continue to increase in the last five years.
Alibaba has recently announced plans to invest about $305 million in a discount supermarket in China, the Sanjang Shopping Club Ltd, which gives China’s e-commerce giant a 32-percent share in the offline retailer.
As many turn to Internet for holiday shopping, Thanksgiving Day is in full swing. Adobe stated that nearly $1.15 billion e-commerce transactions as sales were recorded by 5pm Eastern time. This is up by 13.6 percent from previous year. The breakup of sales can be described as - $449 million was spent on mobile devices ($322 million smartphones; $127 million tablets), which is a staggering amount which is up by 58.6 percent as compared to 2015. Surprisingly, $702 million purchases were done via desktop sites.
If Amazon has its Amazon Echo, Beijing LingLong Co. has its LingLong DingDong.
U.S. President-elect Donald Trump said with finality on Tuesday, Nov. 22, that he would drop the Asia-Pacific trade pact that links U.S. and 11 countries when he assumes office on Jan. 20, calling it “a potential disaster for our country.”
