Walmart has nearly doubled its stake in China’s No. 2 e-commerce site, JD.com. In a regulatory filing with the Securities and Exchange Commission late Wednesday, Wal-Mart said that it has increased its stake in JD.
Tags: China
China, Philippines Are Into South China Sea Underway Deal
After series of tensed dispute by several leaders and dwellers, the Philippines and China is now bound to enter into a deal to jointly explore the energy resources in the South China Sea, mostly called as the West Philippine Sea in the Philippines.
Baidu Puts Up $3M Investment For Internet
Baidu sees that internet is the best help for the company to succeed. It is now investing $3M Investment.
Apple Opts to Open Another Chinese Research Lab
To expand more of its horizon in business, Apple is about to build another research lab in China. Apple manages to open another research lab. This time it is in the southern Chinese city of Shenzhen.
China Records Average of 500,000 Missing Elderly Each Year
Elderly from China had gone missing estimating to 1,300 elders per day. In China, more than 1,300 elderly people per day is missing which sums up to 500,000 elderly in just one year.
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Nova LifeStyle, Inc., the leading furniture entity in China is selling its shares to Kuka for some unecpected reasons, behind China's economy. More so, this transfer will somehow make the Nova products alive and still available for selling.
China said that they will use this opportunity to further deepen economic reforms and open up the sector to promote global growth.
Despite territorial dispute, Philiipine Pres. Rudy Duterte announces posibble trade exchange with China and Russia.
London's FTSE 100 rose on Wednesday to reach record high. European shares continued its rally led by mining stocks as China reported increase of export.
As a response to China’s new anti-terror law, 25 tech companies in the country have signed a pledge to help the government combat online terror activities. Under the law, tech companies are required to decrypt information for Beijing and provide assistance to keep the internet from terror-related contents.
Alipay is working on a plan to launch services in Europe this summer. The service will make it easier Chinese tourists to make transactions with European merchants using the app.
Competition Heats Up In China Between Uber And Didi Which Raised Funding Target to Over $1.5 Billion
Didi's target for funding has raised to $1.5 billion to compete with Uber in China. Didi operates in 400 cities and is expected to accelerate to about 10 million at the end of the year.
Meizu already unveiled its newest model m3 note. The Chinese OEM is keeping its concept of quality devices with affordable prices, which makes the brand popular in China’s market.
The Swiss bank which posted first full-year loss last year must take a drastic measure. It has to make another retreat in investment banking.
