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July, 1, 2016

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China > Business
Alibaba founder buys two more French vineyards
Chinese billionaire Jack Ma has purchased two vineyards in the famed Bordeaux winegrowing region in France – the Chateau Guerry and the Chateau Perenne – for nearly 12 million euros ($13.56 million), the Agence France-Presse reports.
 
China, S. Asian markets equally important: TAITRA
Despite the "new southbound" policy outlined by President Tsai Ing-wen to put greater emphasis on trade with Southeast Asian countries, China remains a critical trade partner.
 
Lenovo Group Ltd unveiled an augmented-reality-enabled smartphone, as the Chinese tech giant struggles to revive faltering smartphone business and declining personal computer sales.
 
Producer deflation narrowed more than expected in May while the rise of consumer price inflation was below market expectations, reinforcing the case for continuation of accommodated economic policies to prop up growth, analysts said on Thursday.
 
The fall in producer prices eased further in May, data showed Thursday, fueling hopes a slowdown in the world's No. 2 economy is bottoming while stabilizing consumer inflation also gave authorities room for fresh stimulus.
 
China's imports decreased at their slowest pace in more than a year and a half in May, official data showed Wednesday, in a possible sign domestic demand in the world's second-largest economy may be recovering.
 
S. Korean, Chinese manufacturers top list of LCD TV shipments
South Korean and Chinese TV manufacturers dominate the top 10 list of global LCD television shipments, while their Japanese counterparts have been kicked out of the top five for the first time.
 
AIIB leads support for Belt and Road infrastructure projects
The first batch of investments by the Asian Infrastructure Investment Bank will be announced on June 24 during its third board meeting, said the bank's President Jin Liqun on Tuesday.
 
Baofeng Technology Co Ltd, an internet entertainment and technology company, on Tuesday announced it has set up a subsidiary specializing in sports, a move which follows its acquisition with Everbright Securities Co of a 65 percent stake in sports media rights firm MP & Silva Ltd.
 
Nubia launches new phablet, eyes niche market in China
Domestic smarphone manufacturer Nubia, formerly affiliated with ZTE Corp, unveiled the Z11 Max phablet on Tuesday, putting it in direct competition with Xiaomi's Mi Max launched last month.
 
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