Despite territorial dispute, Philiipine Pres. Rudy Duterte announces posibble trade exchange with China and Russia.
Tags: China
China Records Average of 500,000 Missing Elderly Each Year
Elderly from China had gone missing estimating to 1,300 elders per day. In China, more than 1,300 elderly people per day is missing which sums up to 500,000 elderly in just one year.
China's E-Car Market Lures Mahindra And Mahindra
Mahindra and Mahindra Ltd. eyed China for being the hottest electric vehicle market. The company looked for venture partner to carry on its goal in investing Chinese market.
Duke to Sell Brazil at $1.2B; 3 Gorges as the Buyers
Duke Energy Corp., an electric power holding company which aims to focus on its regulated power business, decided to sell its Brazilian assets to China's Three Gorges Corp. – a state-owned power company for $1.2 billion.
Wal-Mart Invests More on China's JD.com
Walmart has nearly doubled its stake in China’s No. 2 e-commerce site, JD.com. In a regulatory filing with the Securities and Exchange Commission late Wednesday, Wal-Mart said that it has increased its stake in JD.
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London's FTSE 100 rose on Wednesday to reach record high. European shares continued its rally led by mining stocks as China reported increase of export.
As a response to China’s new anti-terror law, 25 tech companies in the country have signed a pledge to help the government combat online terror activities. Under the law, tech companies are required to decrypt information for Beijing and provide assistance to keep the internet from terror-related contents.
Alipay is working on a plan to launch services in Europe this summer. The service will make it easier Chinese tourists to make transactions with European merchants using the app.
Competition Heats Up In China Between Uber And Didi Which Raised Funding Target to Over $1.5 Billion
Didi's target for funding has raised to $1.5 billion to compete with Uber in China. Didi operates in 400 cities and is expected to accelerate to about 10 million at the end of the year.
Meizu already unveiled its newest model m3 note. The Chinese OEM is keeping its concept of quality devices with affordable prices, which makes the brand popular in China’s market.
The Swiss bank which posted first full-year loss last year must take a drastic measure. It has to make another retreat in investment banking.
Xiaomi’s partnership with India’s Hungama will make it easier, more accessible and more affordable for locals to access the company’s service that will soon be integrated together with themes and ringtones.
China's eighth largest investment bank, Guosen Securities, has clarified on behalf of its unit that there's no default on its offshore debt. The trustee of the offshore bond Bank of New York Mellon (BNY) had earlier warned bondholders of a possible default.
A unit of China's Guosen Securities in Hong Kong have defaulted on a dim sum bond. However, analysts doubted the default as the brokerage is in a strong cash balance.
