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 would be giving perks for foreign and private investors interested in providing elderly care services and facilities in the country.

Sequoia Capital raises US$1.1 billion of funds from five new ventures in Israel, China and the United States.

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.

Shanghai Securities News said the Ministry of Public Security and a cabinet-level research center of China were preparing to investigate on EMC Corp, IBM Corp and Oracle Corp over security concerns.

Lenovo Group said the corporation is currently evolving as a wireless computing supplier due to the booming sales of smartphones and tablets.

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.

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.