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July, 29, 2016

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China > Business
In another three months, China's emoji-loving young netizens will be able to use visual expressions based on the images of country's emperors and concubines to express their feelings, thanks to a project initiated by the Beijing's Palace Museum, or the Forbidden City.
 
The EU trade commissioner said Monday that China has to give European companies the same kind of market access that Chinese companies enjoy in Europe before discussions can start on a bilateral free trade agreement.
 
The long-expected Shenzhen-Hong Kong Stock Connect is likely to be launched in the fourth quarter of 2016 as the southbound quota for the Shanghai-Hong Kong Stock Connect is running out, an expert forecasts.
 
Huawei sues Samsung for millions
Huawei Technologies Co Ltd has filed lawsuits against Samsung Electronics Co Ltd over alleged patent infringements, demanding compensation as high as 80 million yuan ($11.95 million), local media reports.
 
Ali Health buys out an internet transaction licensed medicine company for $2.5m
Alibaba Health Information Technology Ltd (Ali Health), a healthcare subsidiary of Alibaba Group Holding Ltd, announced it bought full ownership of Guangzhou Wuqiannian Medicine Co Ltd on Wednesday for 16.8 million yuan ($2.5 million), according to a report by techweb.com.cn.
 
Chongqing turning into coffer trade powerhouse
Chongqing, a municipality in southwestern China, might have seemed like an unlikely place for a coffee trade center before the city announced the establishment of the Chongqing Coffee Exchange in June.
 
5G heralds driverless cars
Visualize this seemingly futuristic scenario: you set out in your car for a long-distance trip. Only, you don't sit behind the wheel to drive.
 
Tencent Holdings Ltd has announced that it will fully open up its big data platform and machine learning technology in a move to build a "sharing economy" based on cloud services.
 
Chinese appliance giant Midea has secured majority control in German industrial robotics supplier Kuka, it said Thursday, with a multi-billion-euro offer that stoked controversy in Europe.
 
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.
 
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