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Chinese Ambassador to Britain said on Monday that the investment from his country to Britain is mutually beneficial and win-win for both sides, rebuffing the investment threat allegation.
U.S. Navy ships have had four accidents in Asia this year, including three collisions and one ship that ran aground.
China and Nigeria had put in place measures to address importation of substandard products into the West African country, an official said Monday.
Serbian President Aleksandar Vucic said on Monday that Chinese companies have made great progress on numerous infrastructural projects in Serbia and more are expected to come based on the good relations between the two countries,
Autohome, a Chinese automobile sales platform backed by Li Xiang, founder of electric vehicle start-up NIO, has led a series A round worth nearly RMB100 million (US$14 million) in Sight Plus, an augmented reality solutions provider. With the investment, Autohome plans to apply AR technology to the automotive industry, specifically to help potential car buyers view and test out vehicles online, according to a company announcement. "63% of customers make decisions based on appearance when purchasing a car. AR technology could make online vehicle displays far more detailed for car manufacturers and car dealers," said Zhang Jingyu, a vice president at Autohome. "Sight Plus is the AR solution provider for Autohome's AR car exhibition, and has outstanding technology." Founded in 2012, Plus Sight helps clients develop mobile apps with AR feature and create AR content. Its products are used by customers in finance, education and advertising. Customers include China Merchants Bank, Alipay, Autohome, Xiaomi Inc., Microsoft Corp and Unilever. Plus Sight previously raised a RMB40 million (US$6 million) series A round from Green Pine Capital Partners in February 2016. It plans to use the latest proceeds to enhance its technology to apply AR solutions to more fields.
The post Autohome Leads $14M Round In Chinese AR Solutions Provider Sight Plus appeared first on China Money Network.
Cambodia's mobile telecommunications company Smart Axiata, in partnership with global ICT solutions provider Huawei, launched the 4.5G network in Cambodia on Monday.
China's central bank has called for the country's financial institutions to give more credit support to poor areas to help lift people out of poverty.
China said Monday it has approved the restructuring of three centrally-administered state-owned enterprises (SOEs).
The $11.7 billion ownership reform plan of China United Network Communications Group Co Ltd, the country's second-largest mobile carrier by subscribers, has been approved by the country's securities authority, causing shares of its two listed units to skyrocket on Monday.
Chinese bike-sharing company ofo has launched services in Oxford, after acquiring permission from local authorities, according to a company press release Monday.
A US-based long-standing Chinese critic of China’s family planning policies says Beijing has inflated the country’s official population total by as much as 100 million people and should abandon limits on births as soon as possible.
In two unpublished research papers, Yi Fuxian, a senior scientist with the department obstetrics and gynaecology at the University of Wisconsin-Madison’s medical school, said China’s actual population at the end of last year should have been...
August 22, 2017 9:59 AMSINGAPORE - Mobile satellite communications company Addvalue Technologies has teamed up with Chinese company Falcon Technology to successfully demonstrate a satellite communications system connected to the Internet of Things that can enhance the security of tourist sites in Kanas, Xinjiang Province, China.
China National Cereals, Oils and Foodstuffs Corp － the country's biggest food trader by sales revenue, on Monday confirmed that COFCO International Ltd, one of its subsidiaries, has formed a grain supply partnership with the Illinois-based farm cooperative Growmark Inc.
United Kingdom-headquartered Delphi Automotive PLC has joined hands with Israel-based Innoviz Technologies to push forward the development of light radar, or lidar, technology in autonomous vehicles.
Chinese conglomerate HNA Group has completed the acquisition of a 16.2 percent stake in Swiss airport retailer Dufry AG from Singaporean sovereign funds GIC and Temasek, Dufry and HNA said on Monday.
The Republic of Karelia in Russia's northwest and Fujian province in East China plan to boost trade during the upcoming BRICS Summit.
Hong Kong-listed property developer Sunac China Holdings Ltd said on Monday that it expected its net profit in the first half of 2017 to surge 15 times year-on-year as a result of acquiring property projects and an expanding gross profit margin.
U.S. federal prosecutors are preparing new actions targeting Chinese firms that are critical financial conduits for North Korea’s government, according to people familiar with the matter.
Mainland Chinese companies, the big money behind Hong Kong’s real estate market since 2015, will see a decline in their investment appetite for the city’s assets following Beijing’s tighter capital controls on overseas investments, pushing down property prices over the medium term, say analysts.
Even though individual mainland Chinese buyers accounted for only 4 per cent of total residential transaction volumes in the last 12 months, the biggest impact of the tighter policy...
Commercial Aircraft Corp of China Ltd has put together multibillion yuan funds to support research and development after rolling out the C919.
The traditional retail industry is facing new challenges due to the impact of online shopping and changing consumer behavior, and malls are upgrading their business models through various kinds of innovations.
The Board of Governors of the New Development Bank, formed by the ministers of finance of the BRICS nations, intends to approve at least $32 billion in loans by 2021, according to the bank's general strategy for 2017-21.
China will boost financing guarantee services for small and micro businesses and the rural sector, according to rules released by the cabinet Monday.
Executive vice-president of French engine specialists Safran talks about how 'proud and excited' he was to work on China's first large passenger jet, the C919.
China's Great Wall Motor intends to buy Jeep from Fiat Chrysler Automobiles NV, which analysts believe could give the country's largest SUV maker a boost to go upscale.
After years of booming sales, China's smartphone market is showing signs of saturation, according to a recent report showing that growth in the market slowed in the first half of this year.
Chinese Internet giant Baidu will reportedly sell its meal ordering and delivery services, Baidu Waimai, to rival ele.me.
The Ministry of Commerce expressed its strong discontent on Monday with the United States' move to initiate a 301 investigation against China, arguing the US neglected World Trade Organization rules and imposed unilateral acts and unfair trade protectionism.
Cathay Dragon has signed a HK$31.7 billion deal to purchase 32 new aircraft from European manufacturer Airbus, as the Hong Kong carrier plans ahead for expansion.
The sister airline of Cathay Pacific Airways signed the preliminary agreement on Tuesday for the largest single-aisle aircraft Airbus builds, the environmentally-friendly A321neo, in a move that will allow the airline to fly to more destinations.
Cathay Dragon chairman and Cathay Pacific CEO Rupert Hogg, who flew to France to...
Issuance of China's credit debt declined sharply in the first half due to stricter regulation and rising financing costs, but the market is expected to improve in the second half, according to a leading Chinese credit rating agency.
Let's take a look at China's top 10 AI innovation startups this year.
China will enhance oversight over monopolistic practices created by industrial organizations, especially in overcapacity sectors.
Move to cool property market offers millions of migrants access to local education
August 22, 2017 5:00 AMSingapore companies that provide advanced manufacturing technology solutions are getting a leg-up to enter the China market.
The volume of funds crossing borders has fallen sharply and long-term investment is playing a bigger role. But is the system more resilient?
Following a global backlash, the publishing house of Cambridge University plans to republish hundreds of articles on its Chinese site that it had previously blocked at the behest of Beijing.
CHINA’S Great Wall Motor Co is interested in bidding for Fiat Chrysler Automobiles, a company official said yesterday, confirming reports it is pursuing all or part of the owner of the Jeep and Ram truck
SHANGHAI-HEADQUARTERED food delivery service provider Ele.me has merged with Baidu’s food and beverage delivery service Baidu Waimai, according to a local media report yesterday. The deal is valued at
CHINA will boost financing guarantee services for small and micro businesses and the rural sector, according to rules released by the State Council, or Cabinet, yesterday. Financing guarantee companies
ZERO new supply continued to plague Shanghai’s new housing market for the third consecutive week while sentiment among home buyers remained sluggish despite a slight rebound in sales. The area of new
SHANGHAI shares closed higher yesterday as market sentiment rose on news that pension funds have started to flow into the stock market and also on progress in the on-going mixed-ownership reform in state-owned
THE Shanghai Pudong Software Park, one of the earliest software parks in China, may generate high growth with a newly-opened sub-park boasting upgraded infrastructure and engaging in new technologies
SHANGHAI-LISTED China Unicom surged by the 10 percent daily cap yesterday after releasing an agreement to attract 78 billion yuan (US$11.5 billion) from investors, including Internet giants, industry
Reverse follows criticism that publisher bowed to Beijing by blocking 300 articles
Cathay Innovation, a global venture capital fund affiliated with Sino-French private equity firm Cathay Capital Private Equity, has led a US$15 million series B2 financing round in MagMode, a Chinese men's fashion start-up. Chinese venture firm Sinovation Ventures also participated in the round, which follows a RMB50 million (US$7.5 million) B1 round led by IDG Capital Partners that the company completed in May. The start-up previously raised nearly US$10 million led by Ventech China in 2016. Beijing-based MagMode plays into the popular "consumer upgrade" theme among venture capitalists in China. The company incubates creative man's fashion designers, targeting the rising middle-class consumers. What's unique about the company is that it targets men, an often overlooked consumer group in China. Women are the most important spenders in the country, taking around 80% to 90% of the cosmetics e-commerce market, over 70% of the group buying market and over 60% of the general e-commerce market. Founded by a group of Chinese media and clothing industry pioneers led by the former editor-in-chief at GQ and Modern Weekly in China, Cai Chongda, MagMode first opened a concept retail store in Beijing's upscale Sanlitun district last May. Since then, it has opened a total of …
The post Cathay Innovation Leads $15M Round In Chinese Men's Fashion Start-Up MagMode appeared first on China Money Network.
LONDON (Reuters) - Chinese investment in London commercial property has more than trebled since before Britain voted to leave the European Union, most of it channeled through Hong Kong at a time of heightened political uncertainty in the former British colony.
A successful appeal by Hong Kong’s government that put three prominent activists behind bars is having an unintended consequence: reinvigorating the city’s jaded pro-democracy movement.
Beijing economic strategy has also benefited from that most precious commodity — luck
HONG KONG (Reuters) - Cathay Pacific Airways said on Monday it has agreed to buy 32 new planes from Airbus Group at a list price of $4.06 billion, just a week after it posted its worst first-half loss in at least two decades as it continued to lose customers.
Hong Kong’s ATM network has been hit with a surge in withdrawals by customers using Chinese UnionPay bank cards in the wake of facial recognition technology being introduced at cash dispensing machines in Macau. -- SCMP, August 21
The most interesting thing about this story is that the Hong Kong Monetary Authority (HKMA) is running scared of telling us anything about it.
Our reporter quoted a spokeswoman for the HKMA as saying that the regulator is “not in a position to comment on...
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