Didi Chuxing's new joint venture with Volkswagen China is set to come online in the coming months. According to Didi, the two parties will coordinate their respective strengths in products, marketing, brand building, and data technology to provide Chinese users with safer and more efficient transportation services. As long-term strategic partners, they will also combine their innovative resources to work towards an "Internet Plus" strategy ...
China stocks up, blue-chips eye 4th day of gains on metals strength; HK down "China's stocks were higher on Thursday, with the blue-chip CSI300 index on track to rise for the fourth day as raw material shares powered ahead on the back of soaring metal prices.""The Shanghai Composite Index gained 0.1 percent, to 3,244.21 points, while Shenzhen's start-up board ChiNext fell 0.3 percent.""Shares in China's major base metal producers, ...
China looks amazing
Google and Facebook are blocked in China, but that hasn't stopped the American companies from partnering with Chinese companies to build a data connectivity across the Pacific Ocean. Google and Facebook will cooperate with Pacific Light Data Communication to jointly build a submarine cable with the speed of 120 Tbps per second to connect Los Angeles and Hong Kong. Pacific Light Data Communication is a fully-owned subsidiary of ...
G-20 Balances Chinese, Western Concerns After strenuous efforts during backroom negotiations running into months, China has managed to get the Group of 20 nations to pledge an end of protectionism in global trade and investments, which has been severely hurting its economy. But it will be a long time before China will reap any benefit, because the G20 gave its members until 2018 to implement the pledge. "We extend our commitments ...
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