Beijing – China’s housing authorities have pledged to stabilize land and home prices in 2019 and ramp up the supply of rental housing to tackle home-affordability issues, state television reported. Following a furious boom, China since mid-2016 has gradually tightened … Continue reading
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
Chinese smartphone maker Gionee goes bankrupt
Shenzhen – Chinese smartphone manufacturer Gionee’s bankruptcy application has been accepted by the Chinese court in Shenzhen. Once a top smartphone manufacturer, Gionee has reportedly failed to pay its debt from various suppliers. The problem was compounded in November this … Continue reading Chinese smartphone maker Gionee goes bankrupt
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
Indonesia tsunami kills hundreds
Jakarta – More than 220 people have been killed and 843 injured after a tsunami hit coastal towns on Indonesia’s Sunda Strait, government officials say. There was no warning of the giant waves which struck at night, destroying hundreds of … Continue reading Indonesia tsunami kills hundreds
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
Asean bank for women proposed
Hanoi – Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail has proposed that an Asean bank for women be set up in order to help empower women entrepreneurs. She said the matter was one of several items brought … Continue reading Asean bank for women proposed
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
Airbnb : Top Travel Trends for 2019
Bangkok – Travel can be many things to people: inspiring, magical, educational, and the list goes on. Beyond that, there will always be that latest trend right around the corner as travelers continuously seek out new ways for an authentic … Continue reading Airbnb : Top Travel Trends for 2019
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