Biz / Tech

China's bike-sharing company ofo to increase bikes in London

China's bike-sharing company ofo decided to increase the number of its bikes in London's Hackney following its recent launch in the borough, the company announced Friday.
Biz / Auto

Dongfeng, Nissan to recall 1,635 Infiniti vehicles

Chinese automaker Dongfeng Motor and its partner Nissan China Investment Co. will recall 1,635 vehicles over defects in the air bag restraint systems.
Biz / Finance

Shanghai sci-tech innovation fund launched today

The fund aims to put  30 billion yuan assets under its management, with an initial raising of 6.5 billion yuan and state-owned cornerstone investors as its main limited partners. 
Biz / Event

Chief economists gather to offer insights

The third Fudan Chief Economist Forum opened in Shanghai today.
Biz / Economy

Shanghai needs more developed private economy to strengthen competitiveness

Shanghai is called for enhancing the development of private companies to boost competitiveness, experts said today at the Pujiang Innovation Forum 2017.
Biz / Company

PSBC issues US$7.25 billion preference shares

Postal Savings Bank of China issued US$7.25 billion offshore preference shares, marking the lender’s another big funding move after its IPO last year. 
Biz / Company

Platform established to seek business under Belt and Road initiative

PwC today launched a membership-based platform to explore business opportunities especially in the e-commerce sector under the One Belt One Road initiative.
Biz / Tech

World's biggest 5G commercial network to debut in Shanghai

The world’s biggest trial commercial 5G network will be staged in Shanghai, representing China’s leading position of the next-generation mobile communications technology, 
Biz / Tech

Chinese smartphones catch up with foreign offerings

Bezel-less phones with enhanced artificial intelligence will become "standard" from next year as the features trickle down from the top end of the smartphone market.
Biz / Economy

Shanghai shares retreat for the third consecutive week

Shanghai stocks closed down today with sentiment dampened by S&P's downgrading of China's sovereign credit rating by one notch.