Wednesday, 27th, 2024 | 9:45PM Updated

The Bund in Shanghai is home to the most luxurious hotels in China.
Former Hotel Bellboy Is Wanda Hotel’s General Manager, Wanda Reign’s Most Valuable Employee

The general manager of the most expensive hotel in China, Wanda Reign, was once a bellboy.

Crown Prince Mohammad Bin Salman is set to visit China next week.
Saudi Prince Mohammed Bin Salman to Visit China for Oil Exploratory Talks

The premier crown prince of Saudi is preparing to visit China on Monday to Wednesday.

Chinese consumers are encouraged to spend more by the Chinese government.
Chinese Premier Vows to Improve Quality of Chinese Consumer Products

Premier Li Keqiang promised that the quality of consumer goods will be improved to boost the image of the “Made in China” brand.

Uber has finally decided to call it quits for its China operations after a two-year struggle.
Massive Losses Blamed for Uber's China Exit

After finally raising the white flag and announcing its exit from China, new reports detail how much ride-sharing service provider Uber has lost in its effort to penetrate the market.

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Alibaba founder and CEO Jack Ma speaks before investors during Alibaba's Investor Day in June this year.
Forbes Asia's Fabulous 50 List Has Alibaba Group on Top with Highest Market Value

Forbes has released this year’s Asia’s Fabulous 50 List of the best publicly traded big companies in the region, with Alibaba Group making its debut at the top, for having the highest market value among thousands of other companies and surpassing them in a range of metrics.

Visitors look at a rocket carrying an Israeli Amos-3 telecommunications satellite on a launch pad at Kazakhstan's Baikonur cosmodrome.
Chinese Tycoon to Buy Israeli Satellite Firm for $285 Million

Beijing Xinwei Telecom Technology, a company owned by Chinese tycoon Wang Jing, is set to acquire and take over the operation of an Israeli satellite firm for $285 million, China Daily reported.

A customer looks at sneakers and sports shoes displayed in a sportswear store in Beijing.
Top US Reseller Store Partners with Tmall Global to Sell Sneakers to Chinese Consumers

A partnership between Tmall Global, an extension of Alibaba’s B2C operation, and New York-based retail and consignment store Stadium Goods is set to give Chinese consumers access to popular and hard-to-find sneakers in the country, according to an article published by businessinsider.com.

People line up outside the Postal Bank of China in Beijing to buy stamps for the Year of the Monkey celebration in January.
China’s Postal Savings Bank Closing in on $2 Billion Investment Deal for IPO

China’s Postal Saving Bank is close to getting the $2 billion worth of shares pledged by China State Shipbuilding Corp. in its planned $7 billion-plus initial public offering (IPO), considered to be the world’s biggest IPO this year, the Wall Street Journal reported.

People walk past the reception area of Baidu's headquarters in Beijing.
Baidu Urged to Diversify to Sustain Growth, Keep Up with Peers

Baidu Inc. has been advised by analysts on Monday, Aug. 23, to do more to expand its business as it is falling behind its domestic peers, Alibaba Group Holding Ltd and Tencent Holdings Ltd, in terms of revenue and profit, China Daily reported.

Jack Ma is Alibaba's chief executive.
Alibaba's Aliyun Cloud Computing Service Poses Biggest Threat to Amazon Web Services

Amazon’s biggest competitor is Chinese e-commerce giant Alibaba in the cloud computing business says Goldman Sachs as Amazon Web Services (AWS) is steadily pacing towards the $10-billion mark.

Alibaba founder Jack Ma wants to establish a new online free trade platform for small businesses.
Jack Ma Wants More Free Trade

Free trade has found a surprising ally in Alibaba founder Jack Ma, who expressed his support for the establishment of on online global trading platform free from bureaucratic interference.

A visitor looks at a CRRC train model during the International Urban Rail Exhibition (UrTran 2015) held in Beijing in June last year.
China's Top Train Maker Starts Operation, Opens First Assembly Plant in India

China has started the operation of its first joint venture plant in India with the opening of an assembly plant, China CRRC Corporation Ltd, the country's largest rail transportation equipment maker, announced Saturday, Aug. 20.

A worker polishing metal in a steel factory in Rizhao in Shandong Province.
$30 Billion Venture Fund Launched by Chinese Govt to Upgrade Technology, Boost Industrial Sector

A venture capital fund worth about $30 billion was launched by the Chinese government with the aim to upgrade technology and boost the country’s industrial sector.

Chinese are turning to shadow banking because of the financial crunch.
China’s Shadow Banking World Run by ‘Gangster Grannies’; Government Crackdown Ongoing

The Chinese government is locking down shadow banking and the culprits are old women.

Pan Shiyi (L) founded SOHO China with his wife, company CEO Zhang Xin (R), in 1995.
Office Space Giant SOHO China to Sell Properties in Shanghai

SOHO China Ltd, China’s biggest provider of shared office spaces, will be selling three properties in Shanghai, the chairman of the Hong Kong-listed company announced on Wednesday.

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