Alibaba Group Holding Ltd, China's e-commerce behemoth, and Marriott International, the world's largest hotel company, on Monday announced a new joint venture to streamline and upgrade the travel experience for hundreds of millions of Chinese tourists.
Foreign debit and credit card companies face a long fight with local electronic payment market leader UnionPay as industry supervision is still evolving and customer needs are diverse, experts said.
BEIJING - Once known as the "world's factory" for producing cheap goods, China is relentlessly moving into an advanced stage in manufacturing upgrades at a time when the real economy matters like never before.
BEIJING - This year marks the 200th anniversary of the birth of bikes.
CHONGQING - Paying for your groceries by scanning a QR code on your smartphone is a perfectly normal thing to do in China today. As cold hard cash appears set to vanish into the mists of time, it seems that the cashiers are about to evaporate too.
Improved asset quality may spin higher profits of around 700 billion yuan in first half
China's billionaires and successful entrepreneurs are embracing tai chi, a homegrown gentle exercise or martial art characterized by rhythmic circular movements, to boost not just personal well-being but company profits, launch new products and services, and transform corporate cultures.
BEIJING - China's major State-owned enterprises will complete corporate governance reform by the end of this year, in an effort to overhaul inefficient companies.
After a recent online video of an MMA, or mixed martial arts, fighter taking down a tai chi master within 13 seconds went viral, netizens engaged in a fierce discussion on whether tai chi could be effective in combat at all and if it would survive more popular modern martial art forms such as kung fu.
Ex-auto journalist Hu Weiwei drives startup Mobike on its global ride
BRASILIA - China's better-than-expected economic growth is having a positive impact on Brazil's otherwise flagging economy, especially in the primary products sector, said a leading economist.
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