December 31st, 2018
Consumers in China are increasingly opting for smart and quality products online as robots and imported goods are gaining popularity as stated by a report.
The report was announced by e-commerce giant Alibaba's Taobao village and think tank Aliresearch. It showed the consumption trend in the first 11 months of 2018 in the nearly...
December 29th, 2018
China has announced its list of the most innovative companies in the country and Huawei was ranked first among the most innovative company in China, followed by Alibaba and Xiaomi, in a list published by Fortune China.
The Chinese-language edition of Fortune released its ranking of "China's most innovative companies for 2018" on...
December 26th, 2018
China has become an integral part of the growth plans of many US businesses, not just because of its sheer size but also due to its strategic importance.
"China is actually becoming the leader in many markets and technologies that we are interested in," said Shafer, referring to digital platforms in China that help companies engage...
December 25th, 2018
China plans to build 212 national logistic hubs and form a national logistics hub network in line with the advanced economic system by 2035.
About 30 hubs will be established by 2020 and another 150 will be built by 2025, reducing the ratio of total logistics expenses to GDP to about 12 percent, according the overall arrangement and...
December 25th, 2018
E-commerce giant JD.com has become the first Chinese tech tycoon to launch peer-to-peer online lending products.
"Hefeng online lending" or literally "Hefeng Wangdai", a platform providing information service on P2P online lending under JD.com, sold out all the products within seconds after it started operation on Sunday.
This...
December 24th, 2018
China's top economic planner has pledged to strengthen the advanced manufacturing sector and foster a stronger domestic market amid efforts to stabilize economic growth.
He Lifeng, head of the National Development and Reform Commission, said China will narrow the gap in major technical equipment capabilities to tap into the huge...
December 22nd, 2018
China's digital economy hit 16 trillion yuan ($2.3 trillion) in the first six months of 2018, which accounted for 38.2 percent of the country's overall GDP growth.
Lu Chuncong, director of the academy, said despite booming growth, China's digital economy suffers from unbalanced and inadequate development. Data shows that in 2017 the...
December 21st, 2018
A second-tier Chinese smartphone company Gionee, which owes 20.2 billion Chinese Yuan (nearly $3 billion) to648 creditors, has officially filed for bankruptcy.According to the reports, a court in Shenzhen has accepted the Gionee application for liquidation bankruptcy. It had been stated that the founder of Shenzhen-basedGionee...
December 15th, 2018
The BMW-owned car-sharing service called ReachNow has reportedly launched a ride-hailing service in Chengdu, capital of Southwest China's Sichuan province, on Friday.
The move makes BMW the first foreign enterprise given the green light for online ride-hailing operation in China.
Aiming at the huge high-end online car-hailing...
December 12th, 2018
China’s largest streaming company, Tencent Music has raised $1.1 billion in a U.S. IPO after it priced its shares at $13 a piece ahead of a listing on the Nasdaq.
This development makes it one of the largest tech listings of the year, but the pricing is at the bottom end of its $13-$15 range indicating that the...
