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February, 27, 2017

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China > Business
Content aggregation app Toutiao snaps up video-sharing site Flipagram
Chinese online content aggregation app Toutiao announced it has acquired Flipagram, a US-based mobile video sharing and creation company, marking a significant step forward in Toutiao's global growth.
 
Forum will explore economic solutions
By hosting a high-level forum on the Belt and Road Initiative in May, China aims to boost an open and inclusive economy amid rising protectionism and loud voices against globalization, said the country's top diplomat.
 
Fuxin sees big potential from industrial tourism
With many cities in northeastern China-once the heart of the nation's heavy industries-vying to upgrade their key sectors to keep pace with the ongoing structural reforms, Fuxin in Liaoning province is being remoulded as a mining-themed tourist spot.
 
SAP takes on more cloud customers as it seeks smaller deals
SAP SE raised its targets for 2020 as customers bought its latest suite of applications at a faster pace, and Chief Executive Officer Bill McDermott ...
 
Smart vacuum market heats up
Zeng Wei, a 26-year-old bank teller in Beijing, developed a new habit last year. Before he goes to work every morning, he turns on his robot vacuum, which will automatically clean his 30-square-meter living room.
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Chinese companies have shifted the focus of their overseas acquisitions away from natural resources toward innovative technology and robotics, according to a report from a London-based law firm.
 
Nation pushes back on US ruling
China on Wednesday pushed back against the "extremely unfair" United States ruling on its tire exports, and vowed to take action if its rights were infringed by the creep of trade protectionism.
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The inclusion of China's onshore bonds in major global indexes will accelerate over the next couple of years, according to fund managers in Hong Kong.
 
Luxury hotels for furry guests boom
While the streets of major Chinese cities start to empty as people return home for Spring Festival, businesses providing accommodations for left-behind pets are enjoying their busiest time of the year.
 
HK watchdog acts on Hanergy
The Securities and Futures Commission of Hong Kong is seeking legal action to disqualify five former and current directors of mainland solar energy firm Hanergy Thin Film Power Group from being directors or being involved in the management of any Hong Kong corporation for up to 15 years.
 
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