An Italian economics expert has stressed the importance of China’s role in promoting global economic growth in view of the upcoming G20 summit to be hosted by China for the first time, from Sept. 4 to 5, in Hangzhou, the Xinhua News Agency reported.
Many shoppers fell in line an hour earlier than the opening hour of a new duty-free shop in Shanghai.
President Xi Jinping led the annual meeting of leaders in the coastal area of Beidaihe to discuss crucial issues on technological innovations and the Communist Party overhaul in the coming year.
China’s e-commerce titan Alibaba aims to spread its presence in a wide range of businesses and technologies, its chief technology officer, Jianfeng “Jeff” Zhang, told participants at the Alibaba Technology Forum in Bellevue on Saturday, Aug. 6, Seattle Times reported.
The government in Germany has been considering creating a law for the country that would enforce social media websites such as Facebook to disclose and release user data immediately upon the request of their security services.
After months of receiving regulatory sanctions from the U.S., Alibaba and Baidu agreed to be audited by the Public Company Accounting Oversight Board (PCAOB).
Shanghai Disney Resort is experiencing a waning of its consumers' enthusiasm. Nonetheless, experts said that the current level of visitors of the park only accurately reflects the market demand.
Apple Inc. has bought artificial intelligence (AI) startup Turi for around $200 million. The tech giant's purchase of the Seattle-based company specializing in machine learning is likely to improve its AI technologies including digital assistant Siri. The Silicon Valley company has confirmed buying the company through an official statement, but has not provided new details about the acquisition.
Hainan Airlines Co Ltd, China’s largest airline and a subsidiary of conglomerate HNA Group, has completed the purchase of nearly a quarter stake in Azul SA, Brazil’s third-largest airline, for $450 million, in a series of overseas acquisitions by the company.
Representatives of the Polish government are currently holding talks with Chinese investors for the possible sale of some stake in the state airline LOT, Deputy Prime Minister Mateusz Morawiecki announced on Wednesday, Aug. 3.
A new hedge fund is being planned by the former Asia head of Balyasny Asset Management, who is currently negotiating for support from Blue Pool Capital, a firm that invests billions of dollars for rich clients that include two executives of Alibaba Group Holding Ltd., according to a report by Bloomberg.
Stadium Goods, an American distributor of athletic wear based in New York, is taking its line of merchandise to China through Alibaba.
The European Union (EU) announced that it will impose duties to steel being dumped into the European market, according to a statement by the Ministry of Commerce (MOFCOM).
China is inching closer to implementing credit-default swaps (CDS) that could protect investors from defaults as the state interbank market bonds regulator seek the opinions of brokerage firms and financial banks on the matter.
The relationship between companies in China and the United States dictates whether or not the world will become richer or poorer and certain ‘whisperers’ are in control of what happens next.
