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
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
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
How expensive can a bowl of beef noodles be? The 688 Beef Bowl restaurant in Taiwan currently has the most expensive beef noodles on the market. Customers who want to taste their noodles must pay up to 2,000 CNY ($308.6) and even make an appointment beforehand.
The 688 Beef Bowl restaurant is not particularly big. It offers seven different flavors of beef noodles, priced from 100 CNY to 2,000 CNY.
Lenovo Group Ltd said on Thursday it will speed up efforts to expand offline retailing channels and marketing this year to revive its faltering smartphone business.
The move makes the world's largest PC maker the latest Chinese company to bank on bricks-and-mortar retailers to spur growth as the country's smartphone market is reaching saturation.
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