Global investors undeterred by trade war
Shanghai/Hong Kong – Trade wars and softer growth are unlikely to dissuade global investors from diving into the world’s second-largest economy as they seek better returns, participants in the Reuters Global Investment Outlook 2020 Summit said this week. Although economic … Continue reading Global investors undeterred by trade war
Opening economy: “China has always stuck to its word”
Beijing – There is no “promise fatigue” about China’s efforts to open its economy to foreign businesses, the government said this week on the eve of week-long import fair, after the European Union said China needed to make rapid and … Continue reading Opening economy: “China has always stuck to its word”
Japan and China plan global cooperation
Tokyo – Japan and China are considering signing a “fifth political document” during Chinese President Xi Jinping’s planned visit to Japan next spring, sources familiar with the matter. They will become countries that can cooperate on important global issues such … Continue reading Japan and China plan global cooperation
Singapore: Qoo10 e-commerce platform acquires ShopClues
New Delhi – Online marketplace ShopClues is being acquired by Singapore-based e-commerce platform Qoo10 in an all-stock deal bringing to an end a prolonged hunt by the Indian e-tailer for a buyer. The transaction is learnt to have valued ShopClues … Continue reading Singapore: Qoo10 e-commerce platform acquires ShopClues
Alibaba beats quarterly revenue estimates
Beijing – China’s Alibaba Group Holding Ltd (BABA.N) reported a better-than-expected 40% rise in second-quarter revenue on Friday, powered by strong growth in its e-commerce and cloud computing businesses. The results come as the company gears up for its annual … Continue reading Alibaba beats quarterly revenue estimates
Japan’s attempt at English fluency falls flat
Tokyo – Japan’s all-out effort to improve the English skills has been lost in translation. The government has canceled plans to introduce English exams from six private organizations, including the widely used Eiken proficiency test, into standardized tests for university … Continue reading Japan’s attempt at English fluency falls flat
China’s state telecoms launch 5G services
Beijing – China’s three state telecoms on Thursday announced the roll-out 5G mobile phone services, marking a key step in Beijing’s ambitions to become a technology superpower at a time when it remains locked in trade tensions with Washington. China … Continue reading China’s state telecoms launch 5G services
Japan: Economic stimulus program planned
Tokyo – Prime Minister Shinzo Abe will soon call for economic measures to bolster growth after next year’s Tokyo Olympics as well as recent disasters. In the wake of October’s Typhoon Hagibis, which left a trail of destruction across … Continue reading Japan: Economic stimulus program planned
Forum underscores green Belt and Road development
Beijing – Officials and experts agreed that green development is essential to the Belt and Road Initiative, and they are calling for more concrete and coordinated efforts among countries involved in the initiative at the 4th Annual Forum of the … Continue reading Forum underscores green Belt and Road development
Tesla starts selling China-made Model 3
Beijing/Shanghai – U.S. electric vehicle maker Tesla (TSLA.O) started selling its China-made Model 3 with an autopilot function priced from 355,800 yuan ($50,310), making it the company’s cheapest model on sale in the country, the official website showed. It suspended … Continue reading Tesla starts selling China-made Model 3