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A Tesla rival in China wants at least $500 million in funding
Xpeng Motors, a Chinese rival to Tesla, is seeking at least $500 million in funding and separately looking at a public listing, possibly in the U.S.
China liquor maker Wuliangye net profit up 38 pct in 2018
Wuliangye Yibin Co., Ltd. saw net profit rise 38.4 percent year-on-year in 2018 mainly due to sales growth and cost cuts.
Daimler, Geely to set up JV in China
German automaker Daimler AG and China's Zhejiang Geely Holding Group announced Thursday to set up a joint venture (JV).
Air China net profits up 1.33 pct in 2018
Air China, the country's flag carrier, saw its net profits edge up 1.33 percent in 2018 to 7.34 billion yuan (about 1.1 billion U.S. dollars).
iQIYI issues convertible bonds to raise over 1 bln USD
iQIYI announced the pricing of its proposed offering of convertible bonds, worth 1.05 billion U.S. dollars in total and with a tenor of 6 years.
China carmaker BYD's net profit to surge in Q1
The net profit of BYD, China's leading carmaker, is expected to surge by 538.39 to 778.65 percent year-on-year in Q1 this year.
China's major textile manufacturer Ruyi posts drastic net profit growth
Shandong Ruyi Technology Group Co. Ltd. announced Wednesday it recorded a 39.58 percent year-on-year growth in net profit for 2018.
Saudi Aramco purchases 70 pct of SABIC's shares
Saudi Aramco Wednesday announced the signing of an agreement to acquire 70% of shares of the SABIC from the Public Investment Fund for $69.1 bln.
Bosch aims for annual sales of 1 bln euros in Industry 4.0 products
German engineering and electronics company Robert Bosch GmbH is planning to increase annual sales to 1 billion euros.
L'Oreal achieves 33 pct growth in China: company CEO
French cosmetic giant L'Oreal achieved a 14-year-record-high growth of 33 percent in the Chinese market in 2018
Apple leaves a lot of questions about its subscription service unanswered
Apple Inc.’s celebrity-laden product launch Monday left too many questions for elicit excitement from consumers or investors.
China CITIC Bank reports higher profits in 2018
China CITIC Bank, one of the country's leading banks, saw its net profits rise 4.57 percent year on year in 2018.
Feature: Tourism rejuvenates old Silk Road town
Feature: Chinese digital company seeking growth in U.S.
To Sort Anbang’s Assets, Chinese Authorities Create Dajia
UBS: The globe is headed for a recession if U.S-China trade talks fails
