Alibaba Group Holdings Ltd has given foreign businesses access to the Chinese market after it signed deals with Canada and Australia, allowing products made by small and medium enterprises from the two countries to be listed on TMall Global website.
A foreign asset management company can now do business in China after the country’s financial regulatory body approved its first business license, a statement released by the company said on Tuesday, Sept. 6.
The Volkswagen Group has entered formal talks with a state-run Chinese company that could lead to production of electric cars, a move seen by analysts as part of the German automaker’s push to electric vehicle sector and recover from its emissions cheating scandal.
Apple released its flagship smartphone on Wednesday Sept. 7 and it seems analysts are pessimistic about its upgrades and performance.
Yum! Brands Inc’s partnership with Alibaba’s Ant Financial has put pressure on McDonald’s Corp, which is in the verge of selling its business in China as both companies have realized that getting a Chinese business partner and franchising are the keys to growth in the country's fast food market, China Daily reported.
Google parent company Alphabet is partnering with fast casual chain Chipotle to test drone delivery for Virginia Tech students. The pilot program will mark a turning point for Alphabet's Project Wing division that will give the team enough room to test with airborne burrito deliveries in one of the first unique corporate programs to be green lit by the US Federal Aviation Authority.
Two Chinese companies are among the bidders competing to gain a major stake in Brazil’s fourth largest energy generator Santo Antonio Energia SA, China Daily reported.
McDonald’s is looking for a partner in China to keep its market share in the country.
Alibaba founder and CEO Jack Ma, who once got turned down when he applied for a job at KFC many years ago, has seen opportunities in China’s fast food business as Alibaba’s payment unit is investing in the sector to enable customers to use its mobile payment system at Yum! Brands Inc's 7,200 restaurants across the country, which also include Pizza Hut and Taco Bell.
China is hoping that Australia can provide foreign investors with a fair and transparent environment, President Xi Jinping expressed on Sunday, Sept. 4, during his meeting with Australian Prime Minister Malcolm Turnbull for the first time since Canberra blocked a major deal, according to an article by Fortune.
Tencent Holdings is now the largest company in Asia in terms of market value.
Multinational fast food brands are selling their businesses in China due to growing pressure from local competitors and shifting consumer trends, although domestic investors remain willing to invest in these operations in the belief that such chains still have good prospects.
NSO Group has introduced invisible spying tools to governments in combating terrorism. The tools are so sophisticated that these tools leave no back trail to be detected. Experts criticize for abuse of these tools since they are being applied for tracking down journalists and human rights activists.
Global automakers continue to present options for petrol-fueled cars as Chinese peers invest on electric cars to meet the government’s goal to cut air pollution in Chinese cities by 2020.
The historical and picturesque Leifeng Pagoda in Hangzhou attracts tourists and photographers.
