Facebook chief executive and founder Mark Zuckerberg met with China’s propaganda chief Liu Yunshan at the weekend, The Associated Press reported, citing state media. According to state news service Xinhua, Liu told Zuckerberg he hoped Facebook could share its experience with Chinese firms to help “Internet development better benefit the people of all countries”. The […]
Category: Business Practice
Chinese telecom equipment maker ZTE will appeal new export restrictions imposed by the US Commerce Department for violation of Iran sanctions, Reuters reported, citing unnamed sources. The news agency cited an unnamed official at the department as saying that it was in “ongoing discussions” with ZTE which “have been constructive, and we will continue to […]
State Broadcaster China Central Television went after home-grown online sales and services platforms in its annual program on World Consumer Rights Day on Tuesday, South China Morning Post reported. The annual name-and-shame focused on food delivery ordering platform Ele.me, accusing it of partnering with unlicensed and unsanitary restaurants that provided fake pictures and false information. […]
HSBC froze over US$87 million in accounts linked to mainland tycoon Sam Pa and his business associate Veronica Fung a year ago as part of an ongoing investigation, The Financial Times reported, citing court documents. A Hong Kong judge last week declined the pair’s request that he order HSBC to release the funds, which the […]
Corporate debt in China accounted for 160% of gross domestic product in 2015, up from 98% in 2008, The Wall Street Journal reported, citing figures from Standard & Poor’s Ratings Services. Outstanding corporate bonds in China jumped 25% to RMB14.6 trillion (US$2.2 trillion), according to central bank data. Policy directing investment into corporate bonds, which can […]