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Alibaba to buy Sun Art stake to drive synergies

Alibaba to buy Sun Art stake to drive synergies

Alibaba Group will pay HK$22.4 billion (US$2.9 billion) to buy 36.16 percent of Sun Art Retail Group, which operates Auchan and RT Mart malls, from Ruentex Group as it works to drive offline and online...

Ding Yining | November 21, 2017, Tuesday


Marvell agrees to acquire Cavium in US$6b deal

Marvell agrees to acquire Cavium in US$6b deal

CHIPMAKER Marvell Technology Group Ltd said it would buy smaller rival Cavium Inc in a US$6 billion deal, as it seeks to expand its wireless connectivity business in a fast consolidating semiconductor ...

November 21, 2017, Tuesday


Volvo plans to offer Uber with up to 24,000 self-driving cars

Volvo plans to offer Uber with up to 24,000 self-driving cars

UBER plans to buy up to 24,000 self-driving cars from Volvo, marking the transition of the US firm from an app used to summon a taxi to the owner and operator of a fleet of cars. The non-binding framework ...

November 21, 2017, Tuesday


Sluggish new home sales prevail

Sluggish new home sales prevail

Seven-day sales of new homes remained below the 100,000-square-meter threshold for the seventh straight week in Shanghai despite a double-digit rebound, according to market data released yesterday....

Cao Qian | November 21, 2017, Tuesday


Guideline and liquidity boost lift shares

Guideline and liquidity boost lift shares

SHANGHAI stocks closed up yesterday amid the central government’s encouragement for private funds to invest in the telecommunication sector and also on the Chinese central bank’s efforts to boost liquidity ...

Hu Yumo | November 21, 2017, Tuesday


Demand for FPD set for solid growth

Demand for FPD set for solid growth

GLOBAL demand for flat panel displays next year is forecast to post the biggest annual growth since 2014 amid migration to larger displays, falling panel prices and new screens used in smartphones, researcher ...

Zhu Shenshen | November 21, 2017, Tuesday


Shares in SOEs to help support pension system

Shares in SOEs to help support pension system

China has announced a pilot program to help pension schemes meet growing pressure from an aging society by transferring shares of state-owned enterprises to social security funds. A document released ...

November 20, 2017, Monday


Having fun before fair ends

Having fun before fair ends

A child tries a VR driving simulator during the 19th China Hi-Tech Fair in Shenzhen, Guangdong Province yesterday. More than 3,000 exhibitors from over 30 countries attended the six day fair, which ends tomorrow. The annual science and technology fair, launched in 1999, is the largest and the most influential in China....

November 20, 2017, Monday


PBOC to tighten rules on asset management business

PBOC to tighten rules on asset management business

China’S central bank has issued sweeping guidelines to tighten rules on asset management business, the latest step by Beijing to fend off systemic risks in the country’s rampantly growing shadow banking...

November 20, 2017, Monday


US companies try to sway Trump to save NAFTA

US companies try to sway Trump to save NAFTA

THE business world is mobilizing to convince the Trump administration to save the North American Free Trade Agreement, which corporate leaders say has greatly benefited the world's largest economy for ...

November 20, 2017, Monday


House prices stay ‘generally stable’ in China

House prices stay ‘generally stable’ in China

China’s property market remained stable in October with home prices falling or posting slower growth in major cities amid tough control policies, according to the National Bureau of Statistics....

November 20, 2017, Monday


Glib car salesmen: meet the new dinosaurs

Glib car salesmen: meet the new dinosaurs

In a sharp contrast to the industry-wide revolution to eliminate fossil-fueled vehicles, little evolutionary is happening to an equally old living fossil: automotive retailing....

Mia Jia | November 20, 2017, Monday


Trucks drivers may become obsolete, replaced by sensors, automatic controls

Trucks drivers may become obsolete, replaced by sensors, automatic controls

Commercial application of self-driving trucks is progressing perhaps more steadily than for autonomous passenger cars because trucks operate on open highways and aren’t subject to the vagaries of downtown...

Hu Yumo | November 20, 2017, Monday


Waymo cars hit the road without drivers

Waymo cars hit the road without drivers

Waymo earlier this month said that its self-driving cars are hitting the road without anyone behind the wheel as the Alphabet subsidiary steers toward launching an automated ride service....

November 20, 2017, Monday


Leave the driving to us,  while you entertain yourself

Leave the driving to us, while you entertain yourself

Everyone talks about the coming era of self-driving cars....

Hu Yumo | November 20, 2017, Monday




 

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