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July, 25, 2016

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China > Business
Postal Savings Bank of China files prelisting documents
Postal Savings Bank of China Co Ltd, gearing up for an $8 billion initial public offering in Hong Kong in the second half of this year, on Monday published its IPO prelisting application on the website of the city's stock and futures market operator-Hong Kong Exchanges and Clearing Ltd.
 
Pierre & Vacances-Center Parcs Group joins HNA to bring in French style
France's largest vacation real estate company Pierre & Vacances-Center Parcs Group and Hainan Airlines Co Ltd will build three vacation sites with an area of more than 300 hectares in China, to bring the French leisure vacation lifestyle to the Chinese market, the two companies said in Paris and Beijing on Monday.
 
China's commerce ministry: Brexit impact will not last long
Global currency fluctuations caused by the Brexit vote won't continue for long and won't affect long-term outbound investments by Chinese companies, the Ministry of Commerce said on Tuesday.
 
Alibaba pays $200m for Wandoujia app store
Chinese e-commerce conglomerate Alibaba Group Holding Ltd said on Tuesday that it will take over Beijing-based Wandoujia, a major Android app store, with the aim of gaining a firmer foothold in the domestic app distribution market.
 
AI startup Lingban Technology launches new voice-recognition product
Chinese artificial intelligence startup Lingban Technology Ltd launched a new voice-recognition product, after the two-year-old startup raised near 100 million yuan from investors.
 
Buying air conditioners online has become a fun task
May onwards, as summer temperatures soared in China, so has the number of searches for "air conditioner" on online marketplaces such as Tmall.com, Taobao.com, Suning.com and JD.com.
 
China investment banking revenue hit a half year record high of $3.7 billion in the first half of 2016, up 4 percent year-on-year, according to the latest report from data provider Dealogic.
 
Apple remains top brand of China Mobile subscribers, but iPhone 6s not so hot
Apple Inc remains the most popular smartphone brand in China, despite its recent poor performance in its second-largest market, a new report said.
 
Buying air conditioners online has become a fun task
May onwards, as summer temperatures soared in China, so has the number of searches for "air conditioner" on online marketplaces such as Tmall.com, Taobao.com, Suning.com and JD.com.
 
Lifelike product Jiajia that could redefine robots
At the Summer Davos of the World Economic Forum in Tianjin last week, a young corporate executive appeared utterly bewitched by an attractive and young Chinese woman in a traditional white robe.
 
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