2016-12-24Alibaba Group Holding Ltd's on-demand services unit is close to securing $1.2 billion of funding for expansion after getting backing from first-time investors including Silver Lake Management and China's sovereign wealth fund, people familiar with the matter said.
2016-12-17ZTO Express (Cayman) Inc, the Chinese delivery service that gets most of its business from Alibaba Group Holding Ltd, is considering options such as building its own cargo fleet or purchasing a stake in an existing carrier, as it expands operations overseas.
2016-12-15China Petroleum & Chemical Corp, the world's biggest oil refiner, is reviving a long-mooted initial public offering of its retail business that could raise as much as $10 billion, people familiar with the matter said.
2016-12-14Honeywell Aerospace has introduced Mandarin language in a safety system for helicopter cockpits, the EGPWS, the Asia-Pacific headquarters of Honeywell said Wednesday.
2016-12-14China Mobile Communications Corp, the world's largest telecom carrier with 845 million mobile subscribers, is getting an early start to prepare for 5G networks.
2016-12-13Tech-to-auto major LeEco said it would resolve its cash flow crunch within three to fourth months.
2016-12-12Global technology company LeEco has lashed out at critics, declaring the company can recover from a cash flow crunch.
2016-12-12WeChat lets users text friends, post selfies and pay a gas bill with a smartphone. From Thursday, the blockbuster Chinese app, known as Weixin Pay in China, has also been used to buy a Java Chip Frappuccino.
2016-12-09Apple Inc announced it will partner with Goldwind, the world's largest wind turbine maker, in projects in China that will produce 285 megawatts of wind power.
2016-12-09Apple Inc has reached a deal with the world' largest wind turbine maker Goldwind Science & Technology Co Ltd, a further step toward the US tech giant reaching its renewable energy goal.
2016-12-08China's largest State-owned commercial bank by assets announced on Thursday it will invest 12 billion yuan ($1.75 billion) to set up a wholly owned asset management company specialized in debt-to-equity swaps.
2016-12-08Global leading coffee shop chain Starbucks partnered with Chinese Internet giant Tencent to make WeChat mobile payment available in all its coffee shops in China.
2016-12-08The sports unit of Chinese technology giant LeEco will cut 10 percent of its staff and restructure its business after the parent firm's billionaire chief executive flagged concerns over spiraling debt and corporate overextension last month.
2016-12-08Tech giant Apple argued in a Beijing court on Wednesday that its iPhone 6 and iPhone 6 Plus mobile designs do not copy a Chinese product and should be allowed to be sold on the Chinese mainland.
As the first Chinese carrier to offer in-flight internet access, China Eastern Airlines Corp Ltd is poised to commercialize the service in its wide-bodied aircraft next year once they get the nod from aviation authorities, a senior manager from the Shanghai-based carrier said.