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February, 23, 2017

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China > Business
Alipay accelerates its global expansion
Ant Financial Services Group, the parent company of online payment giant Alipay, is accelerating its global expansion by reaching into the South Korean market.
 
China's outbound direct investment into Australia surged 56.1 percent year-on-year to $3.68 billion in 2016, exceeding the growth rate of the country's overall ODI, the Ministry of Commerce said on Tuesday.
 
Minister dismisses conjecture on FDI fall
Foreign direct investment to China will be further optimized and diversified in the long run as the country's economy is transformed and upgraded, the top commerce official said on Tuesday.
 
Huawei unveils V9 aimed at game lovers
Huawei Technologies Co Ltd, the world's third-biggest smartphone maker, unveiled a new handset on Tuesday targeting mobile gaming enthusiasts and virtual reality camera lovers.
 
Common values lead the way on Belt and Road
This should be the beginning of a busy year for Wang Guiguo. This year he wants his idea of building a modern legal structure for China's new-age Silk Road initiatives to come to pass.
 
Nine provincial regions see GDP surpass $435b in 2016
Three more provincial regions in China witnessed their GDP exceed more than three trillion yuan ($435.9 billion) in the year 2016, compared with the year 2015, reported Chongqing Moring Post.
 
Mobike pumped up with investment from Temasek
Chinese bike-sharing startup Mobike announced on Monday it has received a strategic investment injection from Singaporean company Temasek Holdings, as it is locked in a fierce battle with Ofo for dominance in China.
 
Bailian eyes new era in shopping
Shanghai retail conglomerate Bailian Group is pinning its hopes on a partnership with e-commerce giant Alibaba Group Holding Ltd to reshape the city's shopping landscape.
 
Capital area to be economic dynamo
The integrated and synergetic development of Beijing, Tianjin and Hebei province-- a national strategy preparing the way for the country's next growth engine ...
 
Automakers post massive profit growth
Automakers post massive profit growth Sales volumes, successful strategies boost Chinese car manufacturers' margins, Hao Yan reports.
 
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