Hong Kong's Communications Authority has ruled in favor of a consumer who says Hutchison Telephone Company Limited engaged in misleading sales. The CA considered a complaint filed on June 13, 2012, by an unnamed consumer against HTCL for breaching section 7M of the Telecommunications Ordinance. The complainant alleged that HTCL's salesperson had engaged in misleading […]
2014-02-23
Chinese Internet company Tencent and American business technology website Business Insider reportedly signed a cooperation agreement, under which Tencent will become the exclusive content partner for Business Insider in Greater China. With the cooperation, Business Insider's contents will be recommended to Chinese readers who pay attention to the global financial technology news via Tencent's media […]
2014-02-23
China's Wanxiang Group has invested USD149 million to acquire U.S. high-end electric car maker Fisker, who previously applied for bankruptcy protection. Wanxiang Group's offer was reportedly over six times of the bankruptcy protection price of Fisker and the high price helped this Chinese company win the deal among many potential buyers. Wanxiang Group's main businesses […]
2014-02-23
China's Mengniu and France's Danone jointly announced in Hong Kong that the two parties have signed an agreement under which Mengniu will issue new shares to Danone. The newly issued shares will reportedly account for 6.6% of the total equity of Mengniu and the trading value is about HKD5.153 billion, which is about USD665 million. […]
2014-02-23
Mainland Chinese buyers are increasingly using middlemen, and women, to buy luxury items outside the country and then smuggle them back in
2014-02-23
Funds launched by the likes of Alibaba have been lambasted as parasites that are endangering China’s economic health by a prominent commentator
2014-02-23
Communist party is believed to have placed Zhou Yongkang under virtual house arrest but it has yet to announce any legal action against him
2014-02-23
Winter is India’s diplomatic high season, with the cool, sunny weather forming an ideal backdrop for pageantry. But this winter has been particularly impressive, with leaders from Japan and South Korea joining Prime Minister Manmohan Singh to advance the cause of security cooperation in Asia.