As lending company Huayingkailai Asset Management Co Ltd, the major investor in the transit elevated bus project, is suspected of illegal fundraising amid the suspension of the high-profile project, experts are raising concerns over fraudsters luring unsuspecting investors with false promises of huge returns from innovative and entrepreneurial projects.
China General Nuclear Power Corp, French energy group EDF's partner in Britain's Hinkley Point nuclear power project, said it is too early to jump to conclusions about any possible delays or cost overruns.
Property developer turned conglomerate Dalian Wanda Group Co Ltd on Thursday reported that revenues from its diversified operations convincingly outperformed its core property business in the first half of 2017, as the benefits continued to flow from the restructuring of its business portfolio.
Chinese bike-sharing company Ofo Inc said on Thursday it has raised more than $700 million in a fresh round of financing to expand globally, as its faces rising competition from domestic rivals, chiefly Mobike Technology Co Ltd.
SHANGHAI - A set of industry standards was released Wednesday to regulate China's bike-sharers who are driving an already massive sector which is highly competitive, crowded with rival players and rapidly evolving.
Tencent Holdings Ltd's online publishing arm, China Literature Ltd, has filed pre-listing documents with bourse operator Hong Kong Exchanges and Clearing Limited, for a floatation that would raise funds for potential acquisitions and expand its mobile reading business.
With 15.9 billion yuan ($2.34 billion) worth of stocks frozen by a court, Chinese billionaire Jia Yueting and his internet company LeEco are facing a "bigger than ever" crisis.
GUIYANG - Getting drunk has long been a rite of passage for students around the world - and for scholars at one new university it is likely to be easier than ever. A month after this year's college entrance exams, Luo Sha, 19, applied to the recently founded Moutai University in her hometown.
Shares of Kweichow Moutai Co, the best-known high-end Chinese liquor, have experienced consecutive losses for six trading days, as a result of an excessive surge earlier, with industry analysts regarding it as rational declines.
Paradise International Foundation plans to spend 100 million yuan ($14.7 million) on conservation projects in the next five years.
Chinese banks have increased their services in poor rural areas by opening-up offices, ATMs and online platforms as well as making door-to-door calls.
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