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Silicon Valley startup raise $30mln to develop auto radar technology
Nio Capital has helped Silicon Valley startup Innovusion Inc. raise 30 million U.S. dollars to develop radar technology for autonomous vehicles.
Apple, Samsung fined in Italy for "planned obsolescence" of phones
Apple and Samsung were fined for taking what are seen as illegal steps to force customers to buy new replacement phones sooner than they would have.
UBS reports huge wealth generated by China, warns against trade tensions
Swiss investment bank UBS recognized China's increasing role in wealth generation due to rigorous innovation and entrepreneurship.
Net profit of Bank of Communications up 5.3 pct in Jan.-Sept.
The Bank of Communications, one of China's largest commercial banks, reported Saturday that its net profit rose 5.3% in the first nine months of 2018.
Net profit of Chinese service robot maker surges on strong sales
China's leading service robot producer Ecovacs Robotics said Saturday that its net profit surged in the first nine months of 2018.
Listed firms' Q3 financial results show resilience of Chinese economy
Combined net profits of the listed firms reached 731.5 billion yuan during the period, up 13 percent from a year earlier.
China's SOE profits up 19.1 pct in Jan.-Sept.
Profits of China's state-owned enterprises (SOEs) continued to grow steadily in the first nine months of this year, but at a slower pace.
China's Meitu isn't looking so pretty for investors
China’s Meitu has built a large user base with its popular photo retouching apps, but that hasn’t translated into investor confidence.
China Southern Air establishes freight logistics company
China Southern Air Holding Ltd. Co. officially announced the establishment of a new freight logistics company in Guangzhou on Wednesday.
Yonghui, Parknshop and Tencent to jointly establish joint-venture company
Yonghui, Parknshop and Tecent will have 50 percent, 40 percent, and 10 percent of stake in the JV, respectively.
Anhui Conch Cement's net profit increases 111 pct in Q1-Q3
China's largest cement maker Anhui Conch Cement Company Limited reaped 20.716 billion yuan of net profits in the first three quarters of 2018.
Chinese fintech company Pintec Technology debuts on Nasdaq
The company, trading under the ticker symbol of "PT," announced its initial public offering (IPO) of 3,725,000 American depositary shares (ADSs).
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Feature: Tourism rejuvenates old Silk Road town