Walmart is buying 49 percent of Yihaodian's stake, an e-commerce website based in China. This is part of Walmart's fundamental plan to distribute its products to Chinese consumers through its online service.
Asia/Pacific
Nestle India targets growth in other businesses after Maggi scare
Nestle India Ltd will focus on growing its dairy, coffee and confectionary businesses, its new boss said, as the company battles to bring back its popular Maggi noodles that were pulled from shelves over safety concerns.
China says needs to ensure economic risks don't turn into social risks
China needs to ensure that risks presented by a slowing economy do not morph into social risks, the state planner said on Friday, acknowledging the problems the country faces should unemployment rise.
Will $500-billion buying support restore normalcy in Chinese market?
Can $500 billion restore normalcy in Chinese stock market? China's stock market capitalization melts by $3-trillion as equities crash 30% in less than a month while State-owned banks step in with buying support. Technical charts indicate further fall and economy slowdown becomes a major concern.
Mitsubishi Motors plans Japan, SE Asia, Russia output focus after U.S. pullout
The president of Mitsubishi Motors Corp (7211.T) said Japan, SouthEast Asia and Russia will become the automaker's principal production hubs after it calls time on making cars in the United States later this year because of dwindling output there.
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Tata Motors Ltd (TAMO.NS), India's biggest automaker by revenue, plans to triple exports of its trucks and buses to countries in Asia and beyond to counter slow sales growth in India, it said on Wednesday.
ZTE, a Chinese mobile device company announced the launching of the Axon Watch in Water Cube Beijing, China. The first smart watch from ZTE can track your health data, including the heart rate. The watch had passed the IP67 certification, which means it is tested to be water resistant.
The Galaxy Tab S2 is finally unveiled on Monday, July 20. Touted to be the "essential tablet for experiencing digital content", it combines a modern visual with optimum mobility.
Alibaba Group Holdings Ltd, the leading Chinese e-commerce corporation has declared a tie-up with Unilever NV, the well-known provider of personal care, home and food products, to grant Chinese consumers the majority of its quality products from around the world.
Encrypted messaging app Telegram was hit by a huge distributed denial of service attack over the weekend impaling its servers in Asia.
Delta Air Lines Inc (DAL.N) has offered to invest in Japan's bankrupt Skymark Airlines Inc (SKALF.PK) as part of a restructuring plan for the budget carrier, according to a Japanese media report.
A few months after considering a venture on the smartphone gaming policy, Satoru Iwata, CEO of Nintendo died on Saturday at 55 due to a bile duct tumor. Reports say this is such a big lost for Nintendo.
In what seems to be the smaller alternative for X-T1, Fujifilm touts the anti-smartphone camera X-T10 the best pick for its price. Basically, X-T10 is projected towards traditional photographers who are obsessed with the complexities of manual camera adjustments or settings. In other words, Fujifilm claims X-T10 to be a handy and worthy companion for the ones who despise touchscreen and adore the touch of physical buttons.
Taiwanese smartphone manufacturer HTC predicts a loss as it released preliminary results for the fiscal second quarter of 2015. The Company's campaign in the mid-tier smartphones competition is considered to be a major factor in their financial distress.
