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June, 26, 2016

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Business > Company Focus
Wal-Mart is selling its Chinese online business to the country's No. 2 e-commerce site in a strategic partnership that it hopes will bolster its presence in the extraordinarily lucrative but increasingly competitive online marketplace.
 
Boeing Co. said Tuesday it signed an agreement with Iran Air "expressing the airline's intent" to buy its aircraft, marking the first major deal with an American company in the Islamic Republic following its landmark nuclear deal last year with world powers.
 
A little-known Chinese real estate company on Tuesday denied a report its parent had signed a US$9 billion MOU with electric carmaker Tesla for a production plant in China, after its share price surged.
 
Chinese internet giant Tencent on Tuesday announced it had agreed to buy Finnish game-maker Supercell Oy, creator of "Clash of Clans," from Japanese mobile giant SoftBank for US$8.6 billion.
 
The Japanese government said Tuesday that Mitsubishi Motors Corp. overstated mileage on its vehicles by up to 16 percent, but stopped short of slapping further penalties on the company.
 
Japan: Mitsubishi cheated on mileage by up to 16 pct
The Japanese government said Tuesday that Mitsubishi Motors Corp. overstated mileage on its vehicles by up to 16 percent, but stopped short of slapping further penalties on the company.
 
Volkswagen faces shareholder wrath at AGM in face of emissions scandal
Embattled German auto giant Volkswagen will face the wrath of its shareholders at its annual meeting on Wednesday as it struggles to steer itself out of an unprecedented engine-rigging scandal.
 
Taiwan-based smartphone vendor HTC Corp. is expected to begin selling its latest flagship model, the HTC 10, in an unconventional "camellia red" color in Taiwan soon.
 
Kaohsiung Medical University and Boehringer Ingelheim collaborate on drug research
Kaohsiung Medical University Chung-Ho Memorial Hospital (KMUH, 高雄醫學大學附設中和紀念醫院) is collaborating with Boehringer Ingelheim Taiwan (台灣百靈佳殷格翰) to develop several innovative prescription drugs and treatments for conditions including chronic obstructive pulmonary disease (COPD), lung cancer, colorectal cancer, breast cancer and diabetes.
 
3D printed, self-driving minibus, to hit the road
A new maker of self-driving vehicles burst onto the scene Thursday in partnership with IBM's supercomputer platform Watson, and it's ready to roll right now.
 
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