Chad indefinitely suspended China's CNPC oil operations in the country. All drilling activities by China National Petroleum Corporation's subsidiary in the Republic of Chad were indefinitely suspended.
Tags: China
China plans to loosen rules on foreign investment on free trade zones
China announced its plans of easing laws for foreign investors in its free trade zones. China has planned to ease laws on foreign investment in the country's new free trade zones.
China lures more investment in aged care market
China would be giving perks for foreign and private investors interested in providing elderly care services and facilities in the country.
Sequoia Capital to invest US$1.1 billion
Sequoia Capital raises US$1.1 billion of funds from five new ventures in Israel, China and the United States.
L'Oreal makes offer to buy Chinese facial mask company for US$840 million
L'Oreal puts in an offer to buy Magic Holdings Ltd for US$840 million. L'Oreal recently made an US$840 million-dollar offer to purchase Magic Holdings International Ltd.
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Foxconn Technology Group's second quarter earnings report showed a boost of 40.8% due to strong iPhone sales and reduced costs by building factories in China.
Tencent upgraded WeChat as the Chinese company hoped to boost its revenue through addictive games on mobile devices.
Xinhua reported that French drugmaker Sanofi had become the focus of bribery investigations by Chinese authorities.
A private survey revealed that China's PMI for the services sector showed signs of growth. The HSBC/Markit Purchasing Managers' Index (PMI) survey for the services sector in China showed signs of improvement.
Canalys told Bloomberg that Apple's market share in China plunged to just 5% during the second quarter, down from last year's 9%.
The Smartphone-like network of switches would be offered by Huawei in October to boost its market share and challenge its rival, Cisco.
Xiaomi Tech has overtaken Apple's market share in China with 0.2% lead. Xiaomi Tech, a Chinese smartphone manufacturer, has already surpassed Apple's market share in China.
According to analysts, Apple should focus on the growing smartphone markets like China and India. Canalys, a research firm, said China and India were important countries that Apple needs to focus in terms of growth in the smartphone market.
Shanghai Tower's top beam was recently installed and now the interiors are to be completed. The tallest building in the financial district of Shanghai and all of China is nearing completion.
