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July, 26, 2016

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China > Business
Wanda shows interest in Viacom's Paramount
Chinese real estate and entertainment conglomerate Dalian Wanda Group has held talks with Viacom Inc about acquiring a minority stake in its Paramount Pictures unit, according to two people familiar with the situation.
 
Structural changes of social financing signal the nation's quickened pace of pressing ahead with supply-side reform, official data showed on Friday.
 
Baidu vows to further help Chinese developers expand overseas
Chinese Internet giant Baidu Inc opened "DU Ad Platform (DAP) Forum" on Thursday, aiming to support domestic mobile Internet developers to make profits overseas.
 
Intel China plans to establish an ecosystem of robotic innovation coupled with Shenzhen-based hardware innovation platform IngDan, backed by Hong Kong-listed Cogobuy Group Plc, which operates China's biggest e-commerce platform for electronic components.
 
Alibaba opens information security tech platform
Alibaba Group Holding Ltd is gearing up to open up its information security technologies to other e-commerce players, as the online shopping giant sees the industry-wide data security market as the cornerstone for it to reach its goal of selling 6 trillion yuan ($896.8 billion) of goods on all its platforms in 2020.
 
China National Chemical Corp is planning to sell $10 billion worth of preference shares in one of its units, to help fund its record $43 billion acquisition of the world's biggest agrochemicals company Syngenta AG, according to sources who did not want to be identified.
 
China's exports face downward pressure in Q3
China's exports face downward pressure in the third quarter amid a severe and complex economic environment, but trade may continue to stabilize in the second half of the year, the General Administration of Customs said on Wednesday.
 
China will adopt measures to solve employment issues, said Yin Weimin, minister of Human Resources and Social Security, at a press conference Wednesday on the G20 Labour and Employment Ministerial Meeting.
 
Fujian company offers cutting-edge karaoke experience with VR
Karaoke with augmented and virtual reality technologies has great market potential in China, according to Fujian Star-net Communication Co Ltd, a local telecommunications solution provider.
 
China's Tencent Holdings Ltd has agreed to acquire a controlling stake in China Music Corp – a deal that values the firm at $2.7 billion, The Wall Street Journal reported on Thursday.
 
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