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Tag Archives: Economy of China

21Nov/17

Tencent surpasses Facebook in market value

November 21, 2017FinanceAlibaba, Alibaba Group, ALPHABET, Amazon, Apple, Business/Finance, Cate, China, Companies, Companies of China, Company: Tencent Holdings, Computing, Continent: Asia, Economy of China, Facebook, Germany, Lee, Ma Huateng, Microsoft, Nanshan District Shenzhen, RSS, Samsung, Software, Supercell, Technology/Internet, Tencent, Tencent Holdings, United States, Video game publishers, Wangzhe Rongyao, WeChat, WeChat red envelope, World Wide Websmbale

Tencent Holdings has racked up some impressive gains this week – becoming the first Chinese firm to be worth more than $500 billion and surpassing Facebook to be the world’s fifth-most valuable company. Grace Lee reports Continue reading →

11Nov/17

China shopping festival smashes record with $25 bln haul

November 11, 2017EconomyAlibaba, Alibaba Cloud, Alibaba Group, Black Friday, China, Company: Alibaba, Countries, e-commerce, East Asia, Economy of China, Forms of government, Internet in China, Shanghai, Singles' Day, United Statessmbale

SHANGHAI, CHINA (NOVEMBER 11 AND 12, 2017) (REUTERS) – Alibaba, the Chinese e-commerce giant, said that its Singles’ Day sales extravaganza on Saturday’s (November 11) hit $25.4 billion, smashing its own record from last year and cementing it as the world’s biggest shopping event. Continue reading →

08Nov/17

Snapchat owner’s shares plunge

November 8, 2017FinanceAli Mogharabi, Alibaba, Alibaba Group, Baidu, Beijing, Business, Business/Finance, China, Companies, Company: Snap, Company: SNAPCHAT, Company: Tencent Holdings, Company: Tesla, Donald Trump, Economy of China, Evan Spiegel, Lyft, Magic Leap, Nanshan District Shenzhen, Roselle, Roselle Chen, RSS, Snap, Snap Inc., Snapchat, Tencent, Tesla, United States, Video game publishers, WeChat, World Wide Websmbale

Snap’s shares tumbled after it disappointed with revenue and user growth. But the stock recovered slightly after Snap said China’s Tencent holds 12 pct stake. Roselle Chen reports. Continue reading →

16Apr/17

China’s Alibaba to build cyber Silk Road by creating global e-commerce platforms

April 16, 2017InternetAlibaba Group, AliExpress, Ant Financial, Asia, Business, Business/Finance, China, China Central Television, Companies, Company: Alibaba, Company: PayTM Mobile, Corporation Sdn Bhd, Country: Malaysia, Deepak Abbot, e-commerce, e-commerce platform, Economy, Economy of China, Foreign relations of China, India, Jack Ma, Malaysia, Maritime Silk Road, Moscow, One Belt One Road, Paytm, Retailing, Russia, Silk, Silk Road, Singles' Day, Song Juntao, Yasmin Mahmoodsmbale

China Central Television (CCTV) – China’s e-commerce giant Alibaba Group has been developing cross-border e-commerce platforms in countries along the Silk Road Economic Belt and the 21st-Century Maritime Silk Road, promoting the idea of building a “cyber Silk Road”.
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03May/16

Baidu faces probe after student death

May 3, 2016InternetBaidu, Baidu Yi, Beijing, China, Company: Baidu, Computing, Death of Wei Zexi, Economy of China, Google, Google Search, information technology, Internet search engines, PAUL CARSTEN, Robin Li, Ryan Brooks, Science and technology in the People's Republic of China, search engine, Web search engine, Wu Zexismbale

Regulators have launched a probe at Baidu after a dying student accused the country’s top search engine of promoting false medical information. As Ryan Brooks reports, investors have cuts more than $5bln from Baidu’s market capitalisation. Continue reading →

30Sep/15

IMF: Softness in global economy to extend into 2016 as developing world drags

September 30, 2015EconomyArticles, China, Christine Lagarde, Economy, Economy of China, Emerging market, Greece and the International Monetary Fund, International development, International macroeconomics, International Monetary Fund, International relations, Japan, Lagarde, Macroeconomics, Natural Disaster, U . S . Federal, United Kingdom, United Nations Development Group, United Nations Economic and Social Council, United States, Washington D.C.smbale

Speaking at the Council of the Americas, IMF Managing Director Christine Lagarde says China needs to keep trying to rebalance its economy away from commodity-intensive investment but also must be careful to safeguard “demand and financial stability.”

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25Aug/15

Wall Street’s rally goes up in smoke, indexes end lower

August 25, 2015FinanceBest Buy, China, Crowds, Dow Jones Industrial Average, DOW JONES INDUSTRIAL AVERAGE INDEX, Economic consequences of the 2006 Thai coup d'état, Economy, Economy of China, Exelon Corp, India, Kevin O'Leary, NASDAQ COMPOSITE INDEX, New York, New York Stock Exchange, Nicholas Colas, Pepco Holdings Inc, Republics, S&P 500 INDEX - CBOE, Stock market, Stock market crashes, The People's Bank of China, United States, Wall Streetsmbale

A strong rally on Wall Street evaporated and turned into losses, as concerns about China’s economy heavily outweighed lower valuations that some investors earlier saw as bargains.

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25Aug/15

China cuts rates, reserve ratio to aid economy as stocks sink

August 25, 2015EconomyAlistair McCaig, Banking in China, Central bank, China, Chinese Banking Liquidity Crisis, Economy of China, Federal funds rate, Finance, financial services, Futures contract, Interest rate, Jeremy Batstone-Carr, London, Mathematical finance, Monetary policy, Money, The People's Bank of China, United Kingdom, United Statessmbale

China’s central bank cuts interest rates and simultaneously relaxes reserve requirements for the second time in two months.

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14Aug/15

Supercomputer Tianhe-1A shut down due to Tianjin blasts

August 14, 2015WorldChina, China Central Television, China China Central Television, Computing, Concurrent computing, Economy of China, In science, Information Age, K computer, Liu Guangming, National Supercomputing Center, National Supercomputing Center of Tianjin, North China Plain, Science and technology in China, Supercomputers, Supercomputing, Supercomputing in China, Tianhe, Tianhe-1, Tianhe-I, Tianjin, Tianjin City, TOP500smbale

Tianjin, China China Central Television (CCTV) – China has shut down supercomputer Tianhe-1A due to the blasts in Tianjin Wednesday night.
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26Mar/15

London launches Europe’s first yuan money market fund

March 26, 2015FinanceAndrea Leadsom, Business/Finance, China, China Central Television, China Construction Bank, China Construction Bank Corporation, Chinese currency, Chinese yuan, Commerzbank, COMMERZBANK Aktiengesellschaft, Currencies of China, Currency, Economy, Economy of Asia, Economy of China, Economy of the People's Republic of China, Europe, Finance, Germany, H shares, Hang Seng Index Constituent Stocks, Hu Zhanghong, Institutional investors, Internationalization of the renminbi, London, Money, NEXT FUNDS FTSE/JSE Africa Top40 Linked Exchange Traded Fund, Qualified Foreign Institutional Investor, Renminbi, the City of London Corporation, United Kingdom, Yuansmbale

China Central Television (CCTV) – The London Stock Exchange on Wednesday launched a yuan-denominated money market fund, allowing investors direct access to the Chinese interbank lending market.
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