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August, 24, 2016

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China > Business
China's LeEco to buy US TV maker Vizio for $2 billion
Chinese internet company LeEco Holdings Ltd announced on Tuesday it has entered into a definitive agreement to buy Vizio Inc, a leading consumer electronics company in North America, for $2 billion.
 
Apple Inc recorded decline in revenue in the three months that ended in June, the company reported on Tuesday.
 
Brewing a new tea culture
This summer, Chinese youngsters are rediscovering their culture's time-honored tradition of tea-drinking as a fashionable pastime, as a rising number of businesses modernize the way the beverage is consumed.
 
Baidu Inc may have to keep pumping money into its video-streaming operation for the foreseeable future following the withdrawal of a proposed buyout plan that could have made the cash-burning division a standalone business.
 
Verizon said to end Yahoo survival fight with a $4.8b deal
Yahoo Inc's years-long fight to survive as a standalone company has drawn to a close, internal sources said on Monday.
 
The National Development and Reform Commission said on Monday that government investment has not crowded out private investors, and the central authorities will make every effort to facilitate private investment.
 
MIIT pushes intelligent manufacturing
China will continue to upgrade its manufacturing industry and boost its intelligent manufacturing, as well as cut down its excessive capacity, the country's industry watchdog said on Monday.
 
First nuclear plant to take to the seas
China is getting closer to building its first-ever floating nuclear power station, which will be installed in a vessel and could provide stable electricity to remote waters such as the South China Sea, a leading nuclear engineer said on Monday.
 
Joint scientific research drives traditional Chinese medicine westward
How often is acupuncture applied in pain treatment? How effective is traditional Chinese medicine in infertility treatment? Such questions were passed by doctors from Hanover Medical School to a delegation of TCM experts from China earlier this month.
 
Standards for smart driving on the way
China is about to unfold its road map for intelligent connected vehicle development, in the expectation of regulating and standardizing the burgeoning sector, and helping local car makers and related companies head forward speedily.
 
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