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October, 1, 2016

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China > Business
The world's largest PC maker Lenovo Group Ltd on Wednesday inked a deal with Beijing Digital Telecom Co Ltd, China's largest cell phone chain store, to expand its global retailing channels.
 
Chinese firms bid for Brazil generator company
Two Chinese companies are bidding for a major stake in Brazil's fourth largest energy generator Santo Antonio Energia SA, amongst other suitors such as a Canadian asset management company, according to sources quoted by Bloomberg.
 
Bicycles on a roll again
Only three decades ago, Beijing was known worldwide for its large traffic dominated by millions of bicycles. The two-wheeler was then the primary mode of personal transport.
 
Metallurgical coal contracts are set for the longest run of gains since quarterly deals were introduced in 2010 as China cuts output and raises steel production.
 
Lenovo eyes a slice of action in high-end market
Lenovo Group Ltd launched its flagship Moto Z series modular handset on Tuesday in Beijing, to compete with Apple Inc and Samsung Electronics Co Ltd in the premium-end market.
 
JD.com going into VR battle with Alibaba
China's second-largest B2C online platform JD.com Inc is gearing up to use virtual reality technology on its online shopping platform in a bid to catch up with its archrival Alibaba Group Holding Ltd.
 
CIC sets its sights on major global role
China Investment Corporation is expected to become the world's largest sovereign wealth fund in two years with assets totaling $1 trillion under management by that time, according to its chairman.
 
Television manufacturers' application of augmented reality technology into TVs is regarded as an attempt to seek new industry growth, however it remains to be seen whether this will be accepted by the market, industry experts said.
 
China Minsheng Investment Corp has bought the French bank Societe Generale's London headquarters office for 84.5 million pounds ($112.3 million).
 
Retailers scramble as shipper fails
Some major retailers are scrambling to work out contingency plans to get their merchandise to stores as the bankruptcy of the Hanjin shipping line has thrown ports and retailers around the world into confusion.
 
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