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May, 28, 2016

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China > Business
China Eastern Airlines to buy 35 planes from Airbus and Boeing
One of China's top airlines will split US$10 billion of new orders between European manufacturer Airbus and U.S.-based Boeing, it said, as competition heats up for aviation market share in the world's second-largest economy.
 
Three former executives of China's biggest brokerage and a well-known fund manager have been arrested for insider trading, state media said Friday, after months of investigation following a stock market slump.
 
PetroChina shares plunged on Friday, after the mainland Chinese energy giant posted its first quarterly loss since listing overseas 16 years ago, as it struggled with the weak domestic economy and lower international oil prices.
 
JD launches new platform to link suppliers with customers
Chinese e-commerce giant JD.com Inc unveiled its updated business strategies for domestic corporate procurement market on Tuesday, aimed at establishing an innovative platform that bridges customers and products suppliers.
 
Apple revenue drops as China sales tumble
Apple Inc saw its first quarterly revenue drop in 13 years on weaker China performance while its local rival Huawei Technologies Co is gaining strong momentum in the mid- to high-end sector.
 
Motorola Solutions to tap potential in two-way radio sector
US telecommunication equipment and solution provider Motorola Solutions Inc plans to expand the application of its walkie-talkie two-way radio into transportation, manufacturing, oil and petrochemicals, forest protection, telecom and other key industries in China.
 
China aims to boost robot output
China plans to triple its annual production of robots used in the manufacturing sector to 100,000 in five years, an industry regulator said on Tuesday.
 
Overseas listed tech firms feel home's where future is
Overseas-listed Chinese companies seek to go private, eye mainland bourses for a brighter future
 
The internet financial services affiliate of e-commerce conglomerate Alibaba Group Holding Ltd announced on Tuesday that it has raised a record $4.5 billion in a new round of funding to bankroll its global expansion.
 
Overseas insurers are increasingly noticeable on the shopping list of acquisition-minded Chinese companies whose recent buying sprees globally have driven the country's outbound mergers and acquisitions to a record high.
 
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