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December, 4, 2016

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China > Business
China sharply criticized a report on Thursday by a United States congressional panel that suggested US lawmakers ban China's State-owned enterprises from acquiring US companies.
 
Shopping in virtual reality
Without traveling abroad during major sales seasons, Chinese netizens are able to get their hands on imported items on the cheap, thanks to the Nov 11 shopping festival, the biggest annual online sales event in China.
 
China's internet giant Baidu Inc announced the official launch of an open platform with big data cloud on Thursday, dedicated to building intelligent transportation cloud ecology including aviation, railway and highway.
 
AMC could become largest movie chain
Chinese-owned AMC Entertainment Holdings on Tuesday won approval from shareholders of Carmike Cinemas, the fourth-largest US movie chain, for a $1.2 billion buyout that will make AMC the world's largest movie exhibitor.
 
Shares in Chinese internet giant Tencent fell Thursday as a more than 40 percent jump in net profit fueled by a surge in game revenues missed expectations while annual gaming sales slowed.
 
Chinese smartphone vendors investing in India
Chinese smartphone vendors are stepping up investments in India in a move to establish a beachhead in the world's fastest-growing smartphone arena, as the intensified competition and a saturated home market push them to look for overseas opportunities.
 
Internet giants eyeing overseas markets
Chinese entrepreneur Jiang Tianpeng was amazed to find out that owning a laptop computer in India may well be equal to owning a machine that can produce real cash.
 
AsiaInfo sees big data revenue up 30% in 2016
AsiaInfo Group expects to see revenue generated from its big data business increase by 30 percent year-on-year in 2016, its chairman Edward Tian said.
 
This year is a remarkable one for Chinese companies when it comes to overseas mergers and acquisitions.
 
Artificial intelligence sounds mysterious to many people, but it has been a part of our life, an expert said at the Third World Internet Conference in Wuzhen, East China's Zhejiang province, on Wednesday.
 
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