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Suning to buy all Dia stores in China

  One of the largest retailers in China, Suning, announced it is planning to acquire a 100% stake in Dia China and take over all...

China to merge top banking and insurance regulators

  China has merged its long-existing regulatory commissions of banking and insurance into a new administration called the China Banking and Insurance Regulatory Commission, Yicai.com...

Alibaba eyes domestic market return, if conditions permit

  Rumors are circulating that Chinese internet giant Alibaba is working on a plan to list on the A-share market. The company told The Paper...

HNA subsidiary nets US$310 mln in Hainan Island deal

  After selling three valuable pieces of land in Hong Kong, debt-plagued Chinese conglomerate HNA Group has now begun selling domestic real estate companies, Yicai.com...

AI redefines the home appliance industry

  The technology of artificial intelligence is redefining the home appliance industry and forcing companies to upgrade their business model so as to compete with...

Alibaba to buy major food delivery app Ele.me

  Rumors circulating that Alibaba was planning the acquisition of Ele.me, one of the major online food delivery platforms in China, has been confirmed by...

Tencent and JD.com expand ‘retail kingdom’

  Internet giant Tencent and leading e-commerce site JD.com moved to secure a total 11% stake of BBK Commercial Chain Co. Ltd., a large, domestic...

PBOC moves to regulate financial holding firms

  The People’s Bank of China said in its 2017 Q4 monetary policy report that it will continue to promote the introduction of regulatory rules...

Chinese elderly-care agencies more than double in five years

  Newly-built elderly-care agencies in China have more than doubled over the past five years, Xinhua news agencyreported, citing statistics from the Ministry of Civil...

‘Content kingdom’ boosts Tencent in world’s Top 50

  Chinese tech giant Tencent has rapidly ascended from twelfth to fourth place in the Top 50 Most Innovative Companies published by Fast Company, a...