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Management

iQiyi Files for U.S. Listing; Baidu Will Remain Its Controlling Shareholder

iQiyi Files for U.S. Listing; Baidu Will Remain Its Controlling Shareholder

Though iQiyi has insisted over the years that it has no timetable for its listing, Baidu Inc. [NASDAQ:BIDU], which runs…

Feb 14, 2018
Liu Jia
Chinese Steel Structure Maker Pens EPC Deal With United Nations Working Group

Chinese Steel Structure Maker Pens EPC Deal With United Nations Working Group

Zhejiang Southeast Space Frame Co., a China-based global supplier of steel structures, has penned a CNY380-million (USD60-million) engineering, procurement and…

Feb 14, 2018
Tang Shihua
Rongfeng, Partner Are in Talks to Buy Majority Stake in Greece’s Largest Insurer

Rongfeng, Partner Are in Talks to Buy Majority Stake in Greece’s Largest Insurer

Chinese property developer Rongfeng Holding Group Co. and a partner are seeking to acquire at least a 75 percent stake in Greece’s biggest and oldest insurance company amid doubts over a rival deal.

Feb 12, 2018
Tang Shihua
China Unicom Enters Final Phase of Ownership Reform With Employee Stock Plan

China Unicom Enters Final Phase of Ownership Reform With Employee Stock Plan

Major telecoms firm China United Network Communications Ltd., better known as China Unicom, has published details of the last plank…

Feb 12, 2018
Liao Shumin
China Railway Spending Slash Cuts Deep at Nation’s Top Train Maker

China Railway Spending Slash Cuts Deep at Nation’s Top Train Maker

China Railway Corp. has trimmed planned rail equipment investments for this year to CNY80 billion (USD13 billion), the lowest figure…

Feb 9, 2018
Dou Shicong
CITIC Offshore Helicopter Will Invest in Russian Chopper JV, Hold 49%

CITIC Offshore Helicopter Will Invest in Russian Chopper JV, Hold 49%

CITIC Offshore Helicopter Co. will partner with several companies in the domestic aviation industry to set up a Russian-made helicopter…

Feb 9, 2018
Tang Shihua
 BAT Investments in China Unicom Are Long-Term, May Lead to JVs, Chairman Says

BAT Investments in China Unicom Are Long-Term, May Lead to JVs, Chairman Says

China’s three biggest internet firms Baidu Inc., Alibaba Group Holding Ltd. and Tencent Holdings Ltd., collectively known as BAT, are…

Feb 8, 2018
Tang Shihua
Foxconn Spent CNY2 Billion in AI to Transform Into Platform From OEM

Foxconn Spent CNY2 Billion in AI to Transform Into Platform From OEM

Hon Hai Precision Industry Co., better known as Foxconn Technology Group, has officially announced the start of two AI research incubation programs…

Feb 8, 2018
Li Na
China’s Jack Sewing Buys Italian Machinery Makers, Adding to Overseas Acquisitions

China’s Jack Sewing Buys Italian Machinery Makers, Adding to Overseas Acquisitions

Jack Sewing Machine Co. plans to buy leading Italian makers of industrial sewing machines for a total EUR23.2 million (USD28.6…

Feb 7, 2018
Tang Shihua
Chinese Crude Drug Firm Gets Approval to Sell in US, Germany and Russia

Chinese Crude Drug Firm Gets Approval to Sell in US, Germany and Russia

A unit under Tianjin Chase Sun Pharmaceutical Co. is able to sell its crude drugs in three foreign countries after obtaining certification in the US, Germany and Russia.

Feb 7, 2018
Tang Shihua
Evergrande Receives Positive Outlook From Morgan Stanley After Strong Sales Last Month

Evergrande Receives Positive Outlook From Morgan Stanley After Strong Sales Last Month

Leading property development firm China Evergrande Group recorded sales of more than CNY64 billion (USD10.1 billion) last month, a surge…

Feb 7, 2018
Dou Shicong
Xilong Scientific Acquires 74% Equity in Molecular Diagnostic Technology Company to Improve IVD

Xilong Scientific Acquires 74% Equity in Molecular Diagnostic Technology Company to Improve IVD

Xilong Scientific Co. will invest substantial amount of cash to acquire majority equity in a molecular diagnostic technology company to…

Feb 7, 2018
Tang Shihua

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