China

China Thoroughly Scrutinizes eCommerce: Will The Country Be Successful In Controlling Fake Goods?

China is trying hard to revamp the entire eCommerce market through quality control measures. China authorities have introduced certain hard and fast rules and regulations to enhance their image in the global platform.

China Doubles The Deposit For Stock Margin Trading

China will double the deposit required for investors to borrow funds to trade stocks, known as margin trading.

Indonesia challenges China's claims on South China Sea claims

Indonesia announced Thursday that its country asked China to clarify and prove its claims on the South China Sea, as it plans to bring the matter to international court.

Alibaba to acquire China's version of YouTube

Alibaba is set to acquire China's version of Youtube, Youku Tudou. The deal, which is worth $3.7 billion, gives the e-commerce giant access to a digital media market that is larger than the entire population of the United States.

The new accurate way to measure the world’s wealthiest countries

New World Wealth reported the lists of wealthiest countries in the world using its new method which is said to be more accurate than commonly used GDP method.

China and India gaining $3T from consumer electronics

China and India are leading the consumer electronics market's almost $3 trillion increase from 2015 to 2020 due to its massive population, according to Future Market Insights' report Thursday.

Four of 10 products sold online in China are fakes, shoddy

China has released a report saying more than 40% of products sold online are fakes or shoddy, dealing a big blow to the credibility of e-commerce giants like Alibaba. But the report itself is under scrutiny, as it based upon only a limited data.

Oil price continues to slump after weak data from China

Crude-oil prices dropped in early Asia trade on Monday as lackluster Chinese factory activity data widened fears that demand from the world’s second-largest economy is likely to stay low.

Apple's profit soars 31%, but holiday forecast muted

Apple's profit last quarter soared 31% from a year ago, beating Wall Street expectations. Despite that, the company's stock price closed flat Tuesday, after investors deemed the company's forecast for this holiday quarter muted.

Surging dollar hits PayPal's revenues

After offloading eBay, PayPal has announced its results. The third quarter numbers disappointed investors, who are anticipating good results following the encouraging numbers from eBay. The rising US dollar hits revenues from China and Europe for PayPal.

Asian Shares continue to rally higher

Asian markets continue to rally to two month high as the China bank announced that it will lower the benchmark interest rate by 25 basis. The news drive most markets in the Asian region to climb higher.

Mercedes Car Sales Create New Record in China

It is unexpected but yes, Mercedes-Benz cars made a new record in China that reached 53%. It got a handsome portion in the car market share especially that Volkswagen is faced with a lot of issues.

Huawei overtakes Xiaomi as China's biggest smartphone maker

Huawei is now the largest smartphone maker in China, the world's biggest smartphone market. The company has taken the top spot from Chinese rival, Xiaomi, whose third quarter shipments declined amid a slumping economy.

China says increasing outflow of money is normal, no sign of panic capital flight

Administration of Foreign Exchange (SAFE) Deputy Head Wang Xiaoyi said the recent outflow of money from China is normal and that it should not be regarded as capital flight.

Intel to convert processor plant in China into memory chips factory

Intel is shifting its focus toward memory technology as demand for its core processors declines. The company says it will spend as much as $5.5 billion over the next few years to shift production in its China plant from processor chips to memory chips.

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