Data from Private Equity International and Thomson Reuters revealed that private equity companies are now Asia's new bankers.
Tags: China
Market share of Apple's iPhone drops to 5%
Canalys told Bloomberg that Apple's market share in China plunged to just 5% during the second quarter, down from last year's 9%.
Huawei offers new line of switches to challenge Cisco
The Smartphone-like network of switches would be offered by Huawei in October to boost its market share and challenge its rival, Cisco.
Xiaomi overtakes Apple's market share in China
Xiaomi Tech has overtaken Apple's market share in China with 0.2% lead. Xiaomi Tech, a Chinese smartphone manufacturer, has already surpassed Apple's market share in China.
Apple needs to focus on growing markets like China, India - analyst
According to analysts, Apple should focus on the growing smartphone markets like China and India. Canalys, a research firm, said China and India were important countries that Apple needs to focus in terms of growth in the smartphone market.
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The General Administration of Quality Supervision, Inspection and Quarantine announced that BMW Brilliance Automotive Ltd will recall 143,215 vehicles for electric power steering system problems.
Luxury wine brands said they will be investing in China. Big names in the wine industry such as Chateau Lafite-Rothschild and Dom Perignon announced today that they will pursue investments in China's rural areas.
China's top decision-making body said that it will work to ensure the growth of its economy. The Politburo, China's top decision-making body, declared that it will ensure the growth of its economy.
Chinese organizations accused Apple Inc's supplier Foxconn and Taiwanese supplier UniMicron Technology Corp of environmental violations.
Reuters reported that China's private businesses could experience succession problem in the next few years.
Chinese regulators urged local importers of Fonterra's products to recall their contaminated items after the dairy maker warned some infant milk and food products contained botulism-causing bacteria.
General Motors Co appointed Tim Lee as the new chairman of its Chinese unit as it gears up for expansion in its largest single market.
According to Singapore's GIC, China's credit crunch will have great effects on many economies worldwide.
According to reports from Reuters and Bloomberg, Tim Cook made the rounds in China as Apple looked for ventures in the local market.
