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China Legalized App Car-hailing Services

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By David Cao
David Cao
29 July 2016
Hits: 1004
Chinese APP - Car hailing

Popular APPs in Chinese smartphone market.

The Ministry of Transport of China released the country's first nationwide regulation on APP car-hailing services on Thursday, offering legitimacy for the booming industry.

The car-hailing services have been popular in China in recent years to meet with people's travel demands, but they operate in a gray area of the law. Private cars are prohibited taking paid rides.

Read more: China Legalized App Car-hailing Services

China's TV shopping sales grew 13 percent in 2015

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By David Cao
David Cao
13 June 2016
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TV shopping in China grew 13 percent in 2015, according to a report issued by the Ministry of Commerce on Sunday.

Sales by 32 TV shopping companies reached 39.9 billion yuan ($6 billion) last year and grew at 2.3 percentage points more than general retail sales.

The country will continue to promote development of TV shopping as it boosts domestic consumption, the ministry said in the report.

TV shopping industry also played a constructive role in generating jobs, with the number of employees standing at 166,000 last year.

TV shopping sales are expected to expand by 15 percent to 46 billion yuan in 2016, according to the report.

Didi APP receives $600m investment from China Life Insurance

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By David Cao
David Cao
13 June 2016
Hits: 1213
Didi APP receives $600m investment from China Life Insurance

Didi APP, China's largest mobile transportation solution provider, said on Monday that it has received about $600 million strategic investment from China Life Insurance.

According to CNNIC's report issued on the 4th Jan 2016, Didi APP occupied 87.2% market share in China.

The cash infusion, which includes an equity investment of $300 million and a long-term debt investment of 2 billion yuan ($305 million), is expected to bankroll Didi's competition with the United States-based Uber Technologies Inc.

Read more: Didi APP receives $600m investment from China Life Insurance

Chinese travel agencies see opportunities in foreign tourists

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By David Cao
David Cao
22 May 2016
Hits: 955

Amid China's effort to enhance its appeal as an international tourism destination, Chinese travel agencies are seeing new business opportunities in tourists from overseas.

Ctrip, China's leading online travel agency based in Shanghai, said inbound tourism has regained the attention of travel agencies, thanks to the 10.9 percent growth of foreign visits in the first quarter of 2016.

Read more: Chinese travel agencies see opportunities in foreign tourists

Baidu face probe over paid listings on search result pages

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By David Cao
David Cao
03 May 2016
Hits: 1158
Baidu Wei Zexi

Wei Zexi's released photo on Weibo.com

The central government has set up an investigation team to probe search engine giant Baidu, after the company was accused by a hospital patient, who since has died, of providing misleading medical treatment information.

The team is made up of officials from the Cyberspace Administration of China, the National Health and Family Planning Commission and the State Administration for Industry and Commerce — the regulator of online advertisement.

Read more: Baidu face probe over paid listings on search result pages

More Articles …

  1. 2000CNY for A bowl of Beef Noodle in Taiwan
  2. Lenovo aims to revive smartphone business
  3. Xiaomi founder: Time for the world to copy Chinese innovation
  4. Lionel Messi named as Huawei's global ambassador
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Page 23 of 125

Banking

  • China's Gold VAT trade reform aims to tax free for investment
  • China's digital RMB transactions top 14.2 trillion yuan
  • Renminbi asset appeal spurs dim sum bond market
  • UnionPay International Expands European Footprint with Strategic Partnerships and Enhanced Payment Network
  • China T-bond move seen safeguarding financial stability

Real Estate

  • 21 Chinese cities tighten Real Estate Policy
  • LANZHOU NEW AREA new ghost town in China
  • Chinese invest $110 billion in US real estate
  • China's listed real estate companies post $461b of inventories for 2015
  • Beijing eases restrictions on foreigners buying apartments

Society

  • China NIA: Average daily inbound and outbound passenger volume to increase 14.1% during Chinese New Year
  • China U23 team's historic breakthrough
  • China's New railway timetable enhanced connectivity nationwide
  • Yiwu's Factory flaw “sad horse" toys go viral on Chinese Internet
  • From plateau to hard drives: documentary tests NAS technology

Manufacturing

  • China's large drone FP-985 completes pioneering plateau logistics flight
  • China's NEV output tops 16 million units as exports double
  • World's first methanol dual-fuel VLCC "Kaituo" delivered in Dalian
  • China's superconducting quantum prototype 'Zuchongzhi 3.2' achieves key breakthrough
  • C909 has paved the way for China’s large passenger jet

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