Exclusive: China Unicom counts Alibaba, Tencent among investors in drive to raise $10 billion - sources
HONG KONG Chinese tech giants Alibaba Group Holdings and Tencent Holdings will be among new investors pouring a total of around $10 billion into mobile carrier China Unicom, sources said, part of efforts by Beijing to rejuvenate state behemoths with private cash.
BEIJING British sports car maker Aston Martin Lagonda Ltd is ordering a global recall of 1,658 Vantage cars after problems with a routine transmission software update led to incidents in China in which some cars stalled and lost power, its CEO told Reuters.
BEIJING Fancy shooting some hoops, but don't have a basketball? Caught in the rain with no umbrella? Smartphone run out of juice? | Video
SHANGHAI The banker at the other end of the phone line was furious, recalled Shanghai lawyer Wang Chaoyu. A pile of steel pledged as collateral for a loan of almost $3 million from his bank, China CITIC, had vanished from a warehouse on the outskirts of the city.
Alibaba Group Holding Ltd plans to buy back shares worth up to $6 billion over two years, the company said on Thursday, as it beat first-quarter revenue forecasts but fell short of earnings estimates.
HONG KONG China's policymakers plan to open the doors wider than ever to foreign investment in the country's $3 trillion bond market, in part to help shore up the struggling yuan. But the currency is also proving to be a major barrier to the success of their plan.
HONG KONG Macau plans to add security features to ATMs to monitor withdrawals, authorities in the world's largest gambling hub said as the Chinese territory seeks to tighten restrictions on cash flows out of the mainland.
SHANGHAI Policymakers in China are pushing a bullish message on the world's second-biggest economy after a solid first quarter, pointing to a slow down in capital outflows and a stable yuan after a selloff last year stoked fears of instability.
SHANGHAI It's not due to arrive in China until next year, but already Chinese-funded, smart, connected plug-in car start-ups are scrambling to launch cars to go head-to-head against Tesla Inc's "mass market" Model 3 sedan.
HONG KONG Chinese telecoms equipment and smartphone maker Huawei Technologies Co Ltd [HWT.UL] on Tuesday said it aims to compete with Amazon.com Inc and Alibaba Group Holding Ltd as a global provider of public cloud services.
The yuan charge
The Obama administration is taking China head on over the yuan. As Congress comes closer to punishing Beijing for not letting the currency strengthen more rapidly, Reuters explains the factors behind the yuan's sudden gains. Document