China’s biggest taxi and car booking service, Didi Chuxing and SoftBank, allocated $600 million to invest in Southeast Asian transport service Grab.
Experts predict that the dormant sales of McDonald’s and KFC will even go lower in the coming years.
In the last decade, foreign companies already had very limited penetration in the lucrative Chinese rail market, with them only being able to do business as sub-suppliers for domestic companies, or as minority stakeholders in joint ventures.
Chinese tech companies Baidu and Xiaomi will be aggressively exploring the Indian market and take advantage of the huge opportunity in the country.
China’s slowdown has greatly affected the northeastern province, causing its economy to drop 1 percent in the first half of 2016, Bloomberg reported.
The surprising retreat of Uber from China led to speculations that Apple is responsible.
Proctor and Gamble (P&G) revealed on Tuesday that sales of their consumer items are being squeezed by e-commerce and low demand.
French label Dior released its limited edition small Lady Dior bag that was released for the upcoming Chinese Valentine’s day on Aug. 9.
Alibaba's financial arm Ant Financial wants to improve the transparency of transactions involving charitable donations through the use of new blockchain technology.
A group of Chinese companies, led by Shanghai Giant Network Technology Co, has agreed to buy Playtika Ltd, an Israeli online gaming developer, from Caesars Entertainment Corp for $4.4 billion, China Daily reported.
India’s banking experts said that the looming unemployment crisis in the country can be solved by e-commerce and take lessons from the world’s largest online marketplace, China.
Scientists from the Sun Yat-sen University Centre of Vector Control for Tropical Diseases released 3 million infected mosquitoes to stop the spread of infectious diseases such as Zika, dengue and yellow fever.
The struggle continues for foreign companies looking to expand business in China as the country proves to be a difficult market for non-Chinese enterprises.
The ride-sharing big shot Uber left China this week and surrendered a majority of its stake to Didi Chuxing, the country’s largest taxi service.
Tesla Motors Inc. announced that it has entered into a stock merger deal with SolarCity. Under the agreement, the electric car maker will purchase the solar energy company for $2.6 billion, making it the biggest solar power transaction to date.
