China : Mobike CEO Hu Weiwei quits
Beijing – Hu Weiwei, the founder of China’s leading bike-sharing platform Mobike, has quit from the position of CEO, according to an internal letter sent by the female entrepreneur Sunday. President of Mobike Liu Yu will succeed the role. Hu … Continue reading China : Mobike CEO Hu Weiwei quits
Baidu invests in Chinese smart lock start-up
Beijing – Baidu, China’s dominant internet search engine operator, said on Tuesday that it led a 600 million yuan (US$87 million) financing round in Chinese smart lock start-up YunDing Network Technology, pushing further into the growing market for smart home … Continue reading Baidu invests in Chinese smart lock start-up
China : More trade talks with U.S. planned
Beijing – China and the United States will hold more talks on trade in January, China said on Thursday, following detailed discussions about the issues to be tacked in the negotiations. Commerce Ministry spokesman Gao Feng expressed confidence in a … Continue reading China : More trade talks with U.S. planned
China steel raw materials drop on demand woes
Beijing – Chinese coking coal and coke futures dropped on Wednesday, but closed off the day’s lows, as steel producers continued to seek lower prices for the steelmaking raw materials due to shrinking profit margins. Coke ended down 1.2 percent … Continue reading China steel raw materials drop on demand woes
Retail sales in China still grew 8.1 percent
The S&P 500 has already given up all its gains from earlier in the year, and there’s precious little positive news to make businesses think that the market will bounce back any time soon. Underwhelming retail sales and industrial production … Continue reading Retail sales in China still grew 8.1 percent
Laura Ashley to Close UK Stores, Focus on China
London – London – UK brand Laura Ashley appears to be leaving the UK. The fashion and home goods retailer, which is owned by Malaysian United Industries (MUI), will close some 40 UK stores amid its push into China, BBC reported … Continue reading Laura Ashley to Close UK Stores, Focus on China
Vacation rental business in Japan
Tokyo – The Preparation Committee of Vacation Rental Association agreed to establish an industry organization promoting the private lodging business in early 2019. At the preparation meeting for establishment that was made on December 11, 2018, the committee agreed on … Continue reading Vacation rental business in Japan
Airbus pursues innovation in “China’s Silicon Valley”
Shenzhen – Airbus is speeding up its innovative approach in China, with plans to invest tens of millions of euros in the Airbus China Innovation Centre (ACIC) based in “China’s Silicon Valley” Shenzhen, South China’s Guangdong Province. Airbus has enjoyed … Continue reading Airbus pursues innovation in “China’s Silicon Valley”
China 2019 : “Economic growth within reasonable range”
Beijing – China will keep its economic growth within a reasonable range next year, striving to support jobs, trade and investment while pushing reforms and curbing risks, the top decision-making body of the Communist Party, the politburo, said on Thursday. … Continue reading China 2019 : “Economic growth within reasonable range”
China aims to have 450 airports by 2035
Beijing – China aims to have 450 airports by 2035, almost doubling its current number of airports as part of the country’s ambition to build itself into an aviation power, its aviation regulator said. The Civil Aviation Administration of China … Continue reading China aims to have 450 airports by 2035