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Ford outsells GM in U.S auto sales in May
Ford Motor Co. said Thursday its May sales went up 2.2 percent to 241,126 vehicles, outselling General Motor's 237,364 vehicles.
Alibaba becomes second largest shareholder of Lianhua Supermarket
Shanghai Yiguo E-commerce Co., Ltd. plans to sell its 18 percent stake in Lianhua Supermarket to Alibaba.
Baogang pushes on with steel expansion
Steel giant Baogang Group is planning to integrate its overseas operations and expand its market share through the Belt and Road Initiative.
ABC loans Volkswagen 500 mln euros
The Agricultural Bank of China (ABC) had issued a 500 million euro (560 million U.S. dollars) of loan to German car giant Volkswagen Group.
Geely agrees to buy 49.9 pct stake in Malaysia's Proton
China's Zhejiang Geely Holding Group has agreed to buy a 49.9 percent stake in Malaysia's national carmaker Proton from its owner DRB-HICOM Group.
CNPC, Chalco sign strategic cooperation agreement
China National Petroleum Corporation (CNPC)and the Aluminum Corporation of China Limited (Chalco) have signed a strategic cooperation agreement.
Leading Chinese gaming group to target overseas markets
Perfect World, a leading Chinese movie and gaming conglomerate, will make moves to expand in foreign countries.
Alibaba affiliate Ant Financial enters Malaysian market
Ant Financial entered partnership with 7-Eleven Malaysia by officially launching the Alipay cashless payment service in over 2,100 stores in Malaysia.
Zoomlion sells environmental business for over RMB10 bln
Zoomlion Heavy Industry Science and Technology sell 80% equities of Changsha Zoomlion Environment Industry to four buyers at 11.6 bln yuan.
Jiangsu Port Group established today,two listed port companies consolidated
Nanjing Port Co., Ltd.and Jiangsu Lianyungang Port Co., Ltd. announced on that Jiangsu Port Group will be officially established on May 22.
Alibaba banks on cloud computing, entertainment to extend growth
For every 100 yuan ($14.5) revenue that fell into Alibaba Group's pocket, 15.8 yuan came from its entertainment and cloud services.
China brokerage punished for chaotic management discovered after scandal
Chinese securities regulator has announced sanctions against Sealand Securities after months of investigation into fake bond agreements.
World Insights: Int'l trade with China soars in 2022, decoupling theory crushed b...
Live COVID-19 updates: U.S. COVID-19 cases top 1 mln
Xinhua top 10 China news events in 2019
Feature: Tourism rejuvenates old Silk Road town
