The empire that is Alibaba has once again reached a new high. On May 10, Alibaba's share price surged to over US$120, its market cap passing US$300 billion. The upward trend does not seem anywhere close to stopping.
E-commerce giant Alibaba Group Holding Ltd is penetrating deeper into the offline sector to build its "new retail" model. It spent an estimated but unspecified amount of over US$80.88 million for an 18 percent stake in Hong Kong-listed Lianhua Supermarket Holdings Co Ltd on Friday.
An increasing number of homeowners in Shanghai are leasing out their properties rather than selling them, as the preowned homes segment has turned sluggish, analysts said.
Moody's on Wednesday slashed China's credit rating for the first time in almost three decades citing concerns about the country's rising debt and slowing growth, but Beijing rejected the downgrade as "inappropriate."
Branding is emerging as an all-important pillar of the growth in value of Chinese companies - -particularly for those in the consumers products and high-tech sectors - according to research conducted by universities and market research firms in Shanghai who surveyed some 3,000 companies.
China has urged Windows users to protect themselves against a new ransomware virus similar to the WannaCry bug that wreaked havoc worldwide last week.
Chinese President Xi Jinping called Sunday for closer cooperation among countries across Asia and Europe in areas from anti-terrorism to finance, as officials from dozens of governments met to promote a Beijing-led initiative to expand trade links across the region.
Chinese President Xi Jinping criticised protectionism on Monday at a summit positioning Beijing as a champion of globalisation, but some European nations challenged Beijing to address concerns about its own trade practices.
China's factories and workshops saw their output slow sharply in April, data showed Monday, as the world's second-largest economy grapples with tighter credit and weaker demand.
Credit risks in markets linked to the Belt and Road Initiative are under control, and major Chinese banks are building firewalls to ensure sustainable financing for overseas infrastructure projects, senior banking executives said on Thursday.