Supporters see MES as a way to win favour in Beijing, while critics argue it will kill industries

Washington says move would amount to ‘unilaterally disarming’ trade defences against the country

House price growth may have peaked amid worrying debt levels

In 2016, Europe will face a perfect storm of political challenges, from the surging refugee crisis to the implementation of the TTIP trade agreement. But perhaps the gravest challenge is managing the uncertainty in the run-up to the UK's referendum on …

Kunming, Yunnan, December 28, 2015 /ChinaNewswire.com/ – Sofitel, the luxury hotel brand of AccorHotels has announced the opening of Sofitel Kunming, the latest addition to its portfolio in Greater China. The 400-room hotel is the only international luxury hotel in Kunming city centre, a dynamic emerging city that serves as a gateway between South East … Continue reading "Sofitel Kunming Debuts In Yunnan Province"

Chinese entertainment and technology conglomerate LeTV Holdings Group has established an industry fund with a target of RMB10 billion (US$1.5 billion) to invest in big data, artificial intelligence and the entertainment sectors, according to Chinese media reports. LeTV partnered with a newly established Chinese venture capital firm Changshi Capital to launch the Changle Industry Fund, […]

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Uber China and Guangzhou Automobile Group Co., Ltd. inked a strategic deal in equity investment, automobile sales, service, finance, marketing, and new energy car development. Uber reportedly plans to cooperate with GAC Group in new car purchases and a used car trading platform. At the same time, Uber will use its big data technology and […]

Guangzhou-based O2O (online-to-offline) e-commerce start-up Xiaoqu Kuaidian has completed RMB200 million (US$31 million) series A round of financing led by two individual investors and others, according to Chinese media reports. The individual investors are two entrepreneurs who founded online gaming platforms Youzu.com and 51.com. The other investors are the start-up's own founding team and unspecified […]

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Hang Lung Group's new commercial property in Dalian named Olympia 66 has opened. With a construction area of 230,000 square meters, Hang Lung Properties previously planned to invest about CNY4.5 billion in this project to…

Apple has established a new production lab in Taiwan which focuses on the research and development of new display technologies. The new lab is reportedly located in the building where Qualcomm developed its Mirasol display technology. So far, Apple has reportedly hired at least 50 employees to develop a thinner, brighter, and more efficient LCD […]

Chinese Internet security start-up Qingteng Cloud Security has received RMB60 million (US$9.3 million) series A round of financing from China Broadband Capital and Redpoint Ventures, according to a company announcement. Founded in August 2014, Qingteng Cloud Security offers an adaptive security platform that can protect data on various cloud systems. Its technology can forecast, defend […]

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Alibaba Group Holding Ltd. has agreed to invest US$1.25 billion in Shanghai-based food ordering mobile app Ele.me, becoming the O2O (online-to-offline) start-up's biggest shareholder, according to Chinese media reports. The investment values Ele.me at US$4.5 billion post-money. Alibaba would obtain a 27.7% stake in the business based on the valuation. In November, China's biggest ride […]

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Chinese media mogul Bruno Wu's Sun Seven Stars Media Group Ltd. has made a US$10 million strategic investment in NASDAQ-listed Chinese video distributor You On Demand Holdings, Inc., according to a joint announcement. Bruno Wu says in the statement that he plans to develop You On Demand into a next generation service offering in China's […]

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Wanda Sports Holdings Co. says it plans to host its first Ironman event in the city of Xiamen in Eastern China's Fujian province next November, after the sports unit of Dalian Wanda Group completed the acquisition of the World Triathlon Corp last month, according to an announcement. In August, Wanda announced its plans to acquire […]

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Chinese drone maker DJI has reached a deal with U.S. infrared thermal imager maker FLIR Systems to produce infrared thermal imaging cameras which will be equipped on DJI's drone products in the future. The new infrared thermal imaging camera is named Zenmuse XT, and it will add thermal imaging functions to DJI's drone products such […]

Only now is the country examining the social price of children left behind by the mass movement of rural Chinese