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February, 24, 2017

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China
China's Recon buys $100M majority stake in Millennium Films
China's footprint in Hollywood is expanding following a wire and cable maker's purchase of a controlling stake in independent studio Millennium Films, which produced "Rambo" and "The Expendables."
 
Chinese-made speaker dares Amazon, Google
Dingdong A1, a made-in-China voice-activated smart home speaker brand, is squaring up to the Amazon Echo and the Google Home.
 
Smart voice tech dawns
Imagine this: you ask "someone" around you to book a hotel room in a nearby suburb. And then the person not only makes the reservation for you but reminds you to pack more clothes due to the low temperature there. Isn't that sweet and warm?
 
China plans to beef up its nuclear power sector in 2017, kicking off construction of eight reactors this year with installed capacity totaling 9.9 gigawatts, the National Energy Administration said.
 
Helped by a robust service sector, China is expected to see 6.64 percent economic growth this year, but the sluggish private sector might influence the overall outlook, according to a report released by Xiamen University on Wednesday.
 
Bao Bao's in China
A worker feeds U.S.-born giant panda Bao Bao as she arrived at the Chengdu Panda Breeding Research Center in Chengdu on Wednesday, Feb. 22. Bao Bao started settling into her new home Thursday in southwest China, where she will eventually join a breeding program.
 
China selfie app seeks to 'beautify the world'
Strolling a tree-lined Shanghai street with friends, Hu Dongyuan pulls out her smartphone and does what millions of Chinese women do daily: take a selfie, digitally "beautify" their faces, and pop it on social media.
 
Alipay accelerates its global expansion
Ant Financial Services Group, the parent company of online payment giant Alipay, is accelerating its global expansion by reaching into the South Korean market.
 
China's outbound direct investment into Australia surged 56.1 percent year-on-year to $3.68 billion in 2016, exceeding the growth rate of the country's overall ODI, the Ministry of Commerce said on Tuesday.
 
Minister dismisses conjecture on FDI fall
Foreign direct investment to China will be further optimized and diversified in the long run as the country's economy is transformed and upgraded, the top commerce official said on Tuesday.
 
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