A number of China’s private manufacturers are experiencing growth as they reinvent themselves after years of struggle with rising wages and low foreign demand, Bloomberg reported.
Despite exceeding Wall Street’s predictions on both earnings and revenue, Alibaba stocks fell 2.4 percent as trading closed on Nov. 2, according to an article published by qz.com.
China’s economic rise is seen to burst soon.
The price of bitcoin dropped to nearly 6 percent on Friday, Nov. 4, after weeks of gains, following unverified reports that Chinese regulators may set limitations on bitcoin trading and exchange activities in the country.
China automaker Geely and Volvo Cars have unveiled on Wednesday, Nov. 2, the upgraded versions of S90 sedan range which will be entirely made in China, as the two companies boost efforts to sell and export cars to the world market, according to an article published in usnews.com.
RedMart Ltd’s presence in Southeast Asia is expected to expand after Lazada Group, an online shopping company backed by China e-commerce titan Alibaba Group Holding, agreed to buy the Singapore online grocer.
Car manufacturing giant Volvo will be starting production in China.
A number of China’s private manufacturers are experiencing growth as they reinvent themselves after years of struggle with rising wages and low foreign demand, Bloomberg reported.
Zhouheiya, a fast food chain based in Hubei Province and known for its spicy-braised duck neck and other ready-to-eat snacks, has opened in subscription in Hong Kong, following its initial public offering on Tuesday, Nov. 1, that is expected to raise up to HK$3.3 billion ($425.7 million).
China is faced with a series of asset bubbles as a result of the huge amount of money invested by speculators on stocks, bonds and commodities, while government tries to control each bubble as it arises.
Alibaba’s financial and mobile payment company Alipay signs a memorandum of agreement with Commonwealth Bank of Australia.
China’s potential to be the largest market for Amazon has been spoiled by Alibaba’s dominance and the rise of JD.com.
Chinese e-commerce giant Alibaba is expected to maintain its double-digit growth rates as it is scheduled to report its second quarter earnings before the opening of the biggest online shopping event of the year, the Singles Day, on Wednesday, Nov. 11.
China’s Internet technology giant Alibaba invests $1.48 billion for a new media company.
Chinese factories threaten a price increase.
