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PARIS (Reuters) - Airbus is set to boost production of narrowbody jets in China as it nears a new multi-billion-dollar deal to supply the world's fastest-growing aviation market during a visit by French President Emmanuel Macron, industry sources said.
Price of fossil fuel used for electricity reaches highest level since late 2016
Baidu Inc. has teamed up with U.S.-based chip developer Nvidia Corp. and German car parts maker ZF Friedrichshafen AG to create a production-ready artificial intelligence autonomous vehicle platform designed for China, as the Chinese tech company continues to double down on autonomous driving businesses. The solution can scale from Level 2 automation, where cars can automatically manage the speed and the steering under certain conditions, to Level 5 of fully automation. Production vehicles utilizing AI self-driving technologies from the system …
Baidu, Nvidia, ZF Launch AI Autonomous Vehicle Platform For China appeared first on China Money Network.
A Chinese startup unveiled its vision for the automobile of the future on Sunday, promising to deliver an “intuitive and intelligent” car to global markets starting next year from around US$45,000.
Sales of excavators in China jumped 99.5 percent last year from a year ago as producers tapped the rise in construction activity and also on a rally in the mining industry, official data showed.
Chinese carmaker Geely plans to sell 1.58 million vehicles this year, an increase of 27 percent from last year’s sales.
SHANGHAI stocks edged up yesterday after gains by coal and real estate counters.
The Shanghai Composite Index gained 0.52 percent to end at 3,409.48 points.
Investors were drawn to real estate shares
Toys are on show at Asia’s largest toy fair, which kicked off in Hong Kong yesterday. The 44th annual Toy and Games Fair, the world’s second largest toy show, brought together 2,100 exhibitors from 45 countries and regions to the Hong Kong Convention and Exhibition Centre.
PARIS (Reuters) - French fashion label Saint Laurent, part of Kering , will start selling online in China through a JD.com portal, joining shopping players like Alibaba in trying to tap strong luxury goods demand from Chinese consumers.
SHANGHAI consumer confidence hit a record high in the fourth quarter of 2017 amid positive economic growth, but investor confidence fell slightly in the same period, a survey showed yesterday.
PARIS (Reuters) - Airbus has studied the possibility of selling China a stake in its flagship A380 superjumbo program in exchange for orders as it tries to shore up declining production, but no immediate deal is on the table, industry sources said.
Imports near level seen before corruption clampdown as drinkers return from overseas
Byton’s electric SUV to feature 49-inch touchscreen in place of dashboard
Beijing seeks to shut down a giant market of unregulated lending
China Money Network’s DealShot provides detailed information on venture capital and private equity deals in China on a daily basis. Here you can find out where Chinese investors have been investing their money in at around 5pm each workday.
DealShot: China’s Sinobioway Sunterra Biotechnology Invests $10M In US Adoptive Cellular Therapy Firm F1 Oncology appeared first on China Money Network.
The Shanghai Maritime Safety Administration said areas surrounding the Sanchi tanker were still burning, as well as giving off poisonous gas that hindered rescue work.
An Iranian oil tanker that caught fire after colliding with a freighter off China's east coast is at risk of exploding and sinking.
VR was identified as a growth area in China's five-year development plan — that is good news for start-up Jaunt China.
January 08, 2018 4:06 PMHONG KONG (BLOOMBERG) - Investors are still flocking to initial public offerings in Hong Kong, with a Chinese eye-clinic chain drawing the heaviest demand in more than a decade even after some of last year's hot deals fell below their offer prices.
January 08, 2018 3:52 PMHONG KONG (BLOOMBERG)- Hong Kong Exchanges & Clearing Ltd (HKEX) is considering rule changes aimed at increasing trading, according to chief executive officer Charles Li.
English language providers in China are reportedly enjoying robust demand.
January 08, 2018 2:47 PMBEIJING (REUTERS) - The Chinese city of Lanzhou has eased property curbs amid a nation-wide clampdown on housing speculation, raising concerns that other cities may follow suit which will further inflate price bubbles in the sector.
There will be consolidation in the Chinese electric vehicle industry, said UBS analyst Yankun Hou
Major technology trends will have knock-on benefits in the Chinese economy, a hedge fund executive said on Monday.
China wins in terms of government support, but the U.S. leads in autonomous driving, says an A.I. firm.
January 08, 2018 1:21 PMHONG KONG (BLOOMBERG) - A share surge at Country Garden Holdings Co, China's largest developer by sales, has sent vice chairman Yang Huiyan's wealth up by US$2.1 billion - and that's just in the first four trading days of the year.
Niu says it is China's largest smart electric scooter brand.
Australia expects iron ore prices to go down due to rising global supply and moderating demand from China.
Venture capital firm GGV Capital and Joy Capital have led a US$50 million series C round in Xinshang, a customer to customer marketplace for secondhand luxury goods in China. Northern Light Venture Capital also participated in the round, according to a company announcement. “We are positive about the the opportunities in the used luxury goods sharing sector under the circular economy trend. The innovative business model can activate huge market potential,” said Eric Xu, managing partner at GGV. “Xinshang’s team …
GGV Co-Leads $50M Round In Chinese Used Luxury Goods Marketplace Xinshang appeared first on China Money Network.
Tencent Holdings Ltd. and private equity firm Orchid Asia Group have led an investment round worth hundreds of millions of RMB in Shanghai-based online music tutoring platform Peilian.com. Existing investors BlueRun Ventures, GSR Ventures and Long Capital all participated in the round, according to Peilian.com’s announcement. Founded in 2014 by Ge Jialin, an award winning accordion player with years of teaching experiences, Peilian.com provides students with one-on-one tutoring online. It connects students with tutors using computer tablets, iPads and mobile phones. Tutors can …
Tencent Joins Orchid Asia In Series B Round In Chinese Online Music Tutoring Platform Peilian.com appeared first on China Money Network.
A benefit of China shifting its economy is that growth will be less reliant on borrowing, an economist said on Monday.
FAW Car Co Ltd., a Shenzhen Stock Exchange-listed passenger car maker will take a 10% stake in bike-sharing firm Mobike’s new car-sharing unit Mobike Chuxing Technology Co, according to a securities filing by FAW. Mobike’s venture in to car sharing could place it in direct competition with China’s largest ride sharing firm Didi Chuxing. The value of FAW’s investment was not disclosed in the filing. Mobike Chuxing was launched on December 29th last year in Guizhou Province, with registered capital of RMB20 million …
China’s FAW Car Buys 10% Stake In Mobike’s Car-sharing Unit Mobike Chuxing appeared first on China Money Network.
Beijing's push to transition its economy has seen the country move on from simply being known as the world's factory.
Soaring demand for properties and a rapid build-up in debt had stoked fears in the world's second-largest economy.
January 08, 2018 10:09 AMBANGKOK (BLOOMBERG)- The company with the biggest grip on Thailand's brick-and-mortar retail market is expecting a partnership with China's JD.com Inc to help it do the same in online sales.
January 08, 2018 9:55 AMHONG KONG (BLOOMBERG) - Insurance may lack the buzz and cachet enjoyed by tech companies, yet the stock of one Chinese company in the industry has kept pace handsomely with some of the highest-flying champions of the digital revolution.
FTCR data showing increased demand explains move to close capital account loophole
January 08, 2018 9:06 AMSINGAPORE - The following companies saw new developments that may affect trading of their shares on Monday (Jan 8):
Broadcaster systematically discriminates against women, says Carrie Gracie
January 08, 2018 5:00 AMWhere others see operational and regulatory risks in setting up businesses in Myanmar, tycoon Serge Pun sees opportunities - openings that he says wouldn't fall into his lap in highly regulated and mature markets like Singapore and Hong Kong.
China’s top banking regulator on Saturday issued rules to tighten management over entrusted loans, a form of business-to-business lending that involves commercial lenders as intermediaries.
China’s foreign exchange reserves rose for the 11th month in a row to US$3.14 trillion at the end of December, data from the central bank showed yesterday.
New home transactions in 50 Chinese cities fell 18 percent year on year in 2017 amid tough government curbs on speculation, a private survey showed.
The annual figure came in after transactions of new
China has launched an investment fund of 30 billion yuan (US$4.6 billion) to guide the development of the service trade industry.
BEIJING (Reuters) - FAW Car Co Ltd said on Sunday it was taking a 10 percent stake in Chinese bicycle-sharing startup Mobike's new car-sharing unit Mobike Chuxing Technology Co.
An Iranian oil tanker collided with a bulk freighter and caught fire off China’s eastern coast, leaving 32 crew members missing, most of them Iranians, authorities said.
A tanker carrying Iranian oil was ablaze and spewing cargo into the East China Sea on Sunday after colliding with a Chinese bulk ship.
Beijing’s move benefits big brands by giving easier access to a $20bn market
UK capital has the technology and staffing in place, not to mention English law
Markets appear vulnerable to temporary sell-offs as risks bubble over
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