Tag Archives: Economy of China

21Nov/17

Tencent surpasses Facebook in market value

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

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

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

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

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

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

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

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

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

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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