Alibaba Group Holding Ltd's (BABA.N) finance arm and smartphone maker Xiaomi Inc [XTC.UL] said on Thursday they will jointly develop mobile payment systems using wearable technology, a first for China's major tech firms.
China
Alibaba steps up China online finance network push with new index, bank
Alibaba Group Holding Ltd (BABA.N) and its finance affiliate accelerated a drive to be a full-fledged Chinese online financial network, with the launch on Thursday of an e-commerce tracking stock index and plans for a June start of an internet bank.
China to open 10 new air corridors to ease congestion -China Daily
China plans to open 10 new air corridors to help ease chronic air traffic congestion and address the problem of frequent flight delays, the official China Daily said on Wednesday, citing a senior aviation official.
China turns away more than half of carbon credit applicants to curb glut
China's top regulator has ruled that more than half of the 54 mitigation projects that recently sought to register for carbon credits are ineligible, it said on Friday, amid worries that a glut of permits is undermining its pilot carbon markets.
China charity law set to boost public trust in charities
China has prepared a draft law for charities to register directly with the government, making it easier for them to raise funds and gain tax exemptions, while allaying public concern over the way they are run, following some high-profile scandals.
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Treasury Secretary Jack Lew said on Monday he would discuss with the Chinese government recent technology policy moves that Washington has complained constitute unfair regulatory pressure on foreign firms.
Germany's BMG music rights company said on Monday it had signed a music digital distribution deal with China's Alibaba Group Holding Ltd, as the world's largest e-commerce firm firms up its bid to become a digital media empire.
Denmark has applied to join the Beijing-led Asian Infrastructure Bank (AIIB), China's Ministry of Finance said on Sunday, becoming the latest European power to join the institution despite misgivings of the United States.
The chairman of China National Chemical Corp (ChemChina) said on Sunday he hopes to re-list Italy's Pirelli (PECI.MI) on the Italian stock exchange after his firm agreed earlier this month to acquire the world's fifth-largest tire maker.
Chinese President Xi Jinping said on Saturday that the country should not focus on its economic growth rate only, reiterating China's push for a more sustainable, higher-quality expansion.
South Korea hopes its infrastructure companies will benefit from the country joining the China-backed Asian Infrastructure Investment Bank (AIIB), the finance ministry said on Friday.
Hainan Airlines Co Ltd (600221.SS), China's fourth-largest carrier, said on Wednesday it plans to order 30 Boeing Co (BA.N) B787-9 jets as it seeks to expand international routes to tap into growing demand for overseas travel from China.
Apple Inc plans to introduce a trade-in program for iPhones in China in association with the Foxconn Technology Group, Bloomberg reported, citing people familiar with the effort.
IBM Corp will share technology with Chinese firms and will actively help build China's industry, CEO Virginia Rometty said in Beijing as she set out a strategy for one of the foreign firms hardest hit by China's shifting technology policies.
