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Monthly Archives: October 2014

Halloween gains popularity in China

Halloween is becoming the third-biggest imported festival after Christmas and Valentine’s Day in China. As the festival approaches, lots of malls and theme parks have taken the card of “ghost”. All kinds of scary designs and various pumpkin shapes have pushed the festival atmosphere to its prime. Many themes parks...
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Lenovo finalises its acquisition of Motorola Mobility

The phone maker has become a wholly-owned subsidiary of the Chinese company, but its branding will continue to appear on devices indefinitely. Lenovo, which purchased Motorola from Google, has pledged to continue supporting the Moto and Droid product lines remain committed to developing hardware running pure Android....
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China likely to revise growth target: World Bank

China is expected to further lower its economic growth target to 7 percent next year, the World Bank said on Wednesday, while urging the country to focus on reform efforts to ensure a more sustainable path. “Growth in China continued to slow in 2014, reflecting policy steps to put economic...
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Investors welcome ‘Apple-Alibaba marriage’

The shares of Alibaba, the Chinese e-commerce giant, surged on Tuesday after the firm’s chairman Jack Ma commented on the potential tie-up between the tech behemoth and Apple. Alibaba’s shares blasted $1.89, or 1.9%, to $99.68 and the shares had been as high as $100.67 during the day. It was...
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China’s September industrial profits up 0.4 pct

Profits of Chinese industrial businesses hit 563.39 billion yuan (92.36 billion U.S. dollars) in September, up 0.4 percent year on year, official data showed on Tuesday. The profits decreased 0.6 percent in August and rose 13.5 percent in July year on year. Total profits of industrial companies during the first...
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CNR, CSR both suspend share trading

China’s two major high-speed train manufacturers suspended share trading on Monday, reviving speculation that the two companies may merge to avoid adverse competition in overseas markets. China CNR Corp and China CSR Corp both said on Monday that the share trading suspension was due to an important issue that is...
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Over 30 robot factories under construction in China

China is now the world’s largest industrial robot market with over 30 robot factories under construction, authorities said. Qu Daokui, deputy director of the State Engineering Research Center for Robotics, said during a forum in Shanghai on Sunday that robotics and the Internet will transform global manufacturing, and China is...
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“THE VENTURE” gives a prize of $ 1 million for social business ideas

The legendary Whisky CHIVAS REGAL brand launches major initiative “THE VENTURE” in search of the best business projects of social value from 14 countries to win $ 1 million. Bulgaria, Chile, China, Colombia, Mexico, Brazil, Japan, South Africa, Thailand, Ukraine, Uruguay, USA, UK and Gulf countries were selected because of...
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