Record revenue, profit decrease make it a mixed bag for Alibaba

Despite a fall in market share, e-commerce continued to boost online behemoth Alibaba Group Holding Ltd’s 2016-17 revenue.

Bright takes over Fisheries in reform of Shanghai SOEs

The Shanghai municipal government announced a fresh round of reform and restructuring of local State-owned enterprises.

Courier firms rush to seize opportunities

Courier service companies on the Chinese mainland said they are speeding up their global expansion in order to seize opportunities arising from the Belt and Road Initiative.

Ethiopian Airlines to start flights to Chengdu

Ethiopia’s state owned air carrier Ethiopian Airlines (ET) is to start flights to Chengdu, the capital of Southwest China’s Sichuan province, on May 22, adding its roster of destinations to the world’s most populous nation to five.

Chinese firm signs deal to upgrade Ukraine’s Black Sea port

China Harbor Engineering Company (CHEC) signed a deal with the Ukrainian government here on Thursday to upgrade the Black Sea port of Yuzhny in Ukraine’s southern Odessa region.

ADB loan to promote inclusive and sustainable livestock farming in China

The Asian Development Bank (ADB) Thursday signed a loan of $95 million with a Chinese agricultural firm to develop inclusive and sustainable livestock farming in China, the bank said in an online statement.

Chinese firm to construct 120-mW wind farm in Ethiopia

China’s Dongfang Electric Corporation will build a 120-megawatt (mW) wind farm in Ethiopia’s Somali regional state, an Ethiopian official said Thursday.