The parent of a Chinese company that produces the nation’s best known baijiu liquor, Moutai, has led an investment of 1 billion yuan ($147 million) to form a life insurance company.
China’s courier industry is expected to enter a new stage in its development with the listing of SF Express, China’s largest courier, according to analysts.
China Eagle, a Beijing-based unmanned aerial vehicles (UAV) developer, will build the country’s largest production base for industrial drones.
China Sunergy Co Ltd (CSUN), a leading manufacturer of solar cells and modules, has been sharing its experience and business model with Turkey to help the country better tap solar power in its renewable energy development.
Chinese buyers including materials giant Amer International and CITIC Securities Co Ltd are readying a rival 246-million-pound ($305 million) bid for English soccer club Southampton, a source with knowledge of the plans told Reuters.
CRRC Changchun Railway Vehicles Co will supply 100 subway cars for Metro Line 2 in Mashhad, the second-biggest city in Iran in May, the company told China Daily on Thursday.
SF Express, one of China’s largest courier firms, is set to ring the bell and complete its back-door listing on the Shenzhen Stock Exchange on Friday.
A court in Shanghai ruled on Wednesday that Samsung should compensate a Chinese consumer whose Note 7 smartphone caught fire ten days after purchase.