Chinese steelmaker to build 4.4 bln USD integrated steel plant in southern Philippines2018-12-17
Chinese firms Hebei Iron & Steel Group (HBIS Group) signed a memorandum of understanding (MOU) on Friday with Philippine Steel Asia Manufacturing Corporation to develop an integrated iron and steel plant costing 4.4 billion U.S. dollars in the southern Philippines.
China's Weichai closes collaboration deal with Ceres Power2018-12-17
Weichai Power, a leading Chinese automobile and equipment manufacturing firm, said Friday that it has finalized a strategic collaboration deal with British solid oxide fuel cell (SOFC) maker Ceres Power.
China-France JV's nuclear power unit ready for commercial use2018-12-14
A third-generation nuclear power unit of a China-France joint venture in south China's Guangdong Province has completed all the testing operations and is ready for commercial use, according to a statement from China Guangdong Nuclear Power Company (CGNPC) late Thursday.
Alipay upgrades facial-recognition system2018-12-14
Mobile payment giant Alipay on Thursday announced a major upgrade to its 'Smile to Pay' service, aiming to make its facial-recognition process more accessible to merchants and customers.
Bosideng warms up, Canada Goose suffers chill2018-12-13
While the ice-cold winter weather has brought subzero temperatures to parts of the world, two winter-coat heavyweights are experiencing markedly different business climates.
Luckin Coffee raises 200 mln USD in B round financing2018-12-13
Chinese start-up Luckin Coffee has completed its Series B round of financing worth 200 million U.S. dollars, the company said Wednesday.
China's Alipay to help Nordic firms launch Europe's first joint QR code payment system2018-12-13
Leading smart payment providers from Norway and Finland will launch Europe's first joint QR code payment scheme next year using the standard of China's mobile and online payment service Alipay, the companies said on Wednesday.
Ferrero enjoys the sweet taste of success2018-12-12
The growing maturity of Chinese consumers and especially the growth of the middle-income group have helped Italian confectionary multinational Ferrero Group register faster than average growth in 2018.
No convincing evidence for Tokyo to bar country's telecoms, ministry says2018-12-12
Japan decided to exclude Huawei and ZTE from official contracts citing "security issues", but China insists there is no convincing evidence of such issues.
Fuzhou court sides with Qualcomm over Apple2018-12-12
The legal patent battle between Qualcomm Inc and Apple Inc led to a Chinese court issuing a preliminary ban on sales of some iPhone models in the country.
Alibaba Group to take majority control over Alibaba Pictures2018-12-11
China's e-commerce giant Alibaba Group announced Monday that it will take majority control of Alibaba Pictures by increasing its stake in the entertainment company from 49 percent to about 50.92 percent.
Chinese firm introduces smartphone to Kenyan market2018-12-11
Chinese telecom firm, Huawei Mobile Kenya on Monday introduced its latest smartphone, Huawei Y5 Lite phone, to the Kenyan market.
Samsung to invest $2.4 bln on capacitor, battery plants in China2018-12-11
Global electronics giant Samsung will invest 2.4 billion U.S. dollars to build new battery and capacitor plants in northern China's Tianjin, according to local authorities.
Chinese court grants Qualcomm an injunction against Apple2018-12-11
Qualcomm Inc on Monday said it had won a preliminary order from a Chinese court banning the importation and sale of several Apple Inc iPhone models in China that the court found violated two of Qualcomm’s patents.
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