Singapore/Seattle: In a rare retreat for Amazon.com Inc., the e-commerce giant plans to shut down its Chinese marketplace business in July as it shifts its focus to offering mainland consumers overseas products rather than goods from local sellers. Amazon will keep running its other businesses in China, including Amazon Web Services, ... Read More »
Autodesk Autodesk president and CEO Andrew Anagnost. Autodesk this week agreed to buy construction software company PlanGrid for $875 million. The San Francisco-based start-up previously raised $69 million in funding from investors including YCombinator, Sequoia Capital and Tenaya Capital. PlanGrid enables real-time construction tracking for contractors and and architects. Autodesk ... Read More »
Chinese capital was responsible for 11 percent of all global cross-border real estate investments last year, second only to the United States (19 percent). Chinese capital accounted for USD 26.6 billion of cross-border real estate transactions last year, accounting for nearly 40 percent of all Asian capital invested. And also ... Read More »
Most of the world welcomed the 2017 new year on Jan. 1, but the holiday falls on a different date in Chinese culture. Also referred to as Spring Festival, the Chinese New Year is based on the lunar calendar, so the date changes annually. The 2017 Chinese New Year begins ... Read More »
At least 67 people were killed when a platform collapsed at a construction site in China’s Jiangxi province. The accident took place at a power plant in Fengcheng where a cooling tower was under construction. One person is still missing, state media say. Jiangxi province’s fire services said 32 fire ... Read More »
Especially in the U.S. Chinese invested $16.1 billion in overseas real estate in the first half of the year, more than double the amount in the same period last year, real estate consultancy CBRE said on Thursday. The United States remained the most popular globalproperty market for Chinese investors, while ... Read More »
Deputy Chief Minister Manish Sisodia on Wednesday reiterated that the evident delay in relation to a file banning the use of Chinese manjha in the Capital did not occur on part of the Delhi government but at that of Lieutenant-Governor Najeeb Jung’s. The L-G’s office, however, responded with an immediate ... Read More »
External Affairs Minister Sushma Swaraj and visiting Chinese Foreign Minister Wang Yi on Saturday discussed the misgivings that have cropped up between the two sides, after India’s failed bid to become a member of the 48-member Nuclear Suppliers Group (NSG). India has singled out China for having put obstacles in ... Read More »
Concern over Chinese retaliation in response to the deployment of the U.S. anti-missile defense system THAAD is mounting in South Korea and among South Korean businesses in China. Several sources told local news service Money Today on Friday they are monitoring the situation for any trade-related restrictions that could be ... Read More »
St. Lucia’s government has signed an agreement to build the island’s first internationally targeted, integrated development — a project worth $2.6 billion designed to attract Chinese tourists and investment. The Pearl of the Caribbean will occupy a 700-acre site on the south end of the island. Plans include a casino, ... Read More »
Researchers in central China’s Hubei province have successfully manufactured metal parts and molds using new 3D printing technology. The new metal 3D printing technology addresses existing problems in traditional metal 3D printing methods, said Zhang Hai’ou, leader of the 3D printing technology research team at the Huazhong University of Science ... Read More »
Chinese Finance Minister Lou Jiwei criticized Republican presidential front-runner Donald Trump, calling him “an irrational type” due to his proposal that tariffs on imported Chinese goods be increased to up to 45 percent. In an interview with the Wall Street Journal published on Sunday, Lou said, “Trump is an irrational ... Read More »
