China News Weekly 38 – Chinese, US companies sign over $250b business deals

China News Weekly 38 – Chinese, US companies sign over $250b business deals

Click here to find more details This is NAI’s new China News Weekly. We will be covering the latest Chinese foreign investment trends every week. To continue to receive our China News Weekly, please click Here to subscribe.

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Tencent poised to rub shoulders with Apple and Facebook as China’s first entrant to the elite ‘US$500b tech club’

Tencent poised to rub shoulders with Apple and Facebook as China’s first entrant to the elite ‘US$500b tech club’

Tencent Holdings is within touching distance of becoming the first Chinese technology company to top US$500 billion in market value, joining an elite club led by hi-tech industry stalwarts Apple, Alphabet, Facebook and Microsoft. The video...

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China Dominates Top 500 Supercomputers List

China Dominates Top 500 Supercomputers List

Chinese supercomputers Sunway TaihuLight and Tianhe-2, or Milkyway-2, took first and second on a list of the world’s top 500 supercomputers for the fourth time in a row. China dominated the list from supercomputer statistics firm TOP500, with...

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BOE to Work With Alibaba, SAP on New Retail Ecosystem, Draws Up New IoT Strategy

BOE to Work With Alibaba, SAP on New Retail Ecosystem, Draws Up New IoT Strategy

BOE Technology Group Co. [SHE:000725], the leading global supplier of semiconductor display technologies, signed cooperation agreements with e-commerce giant Alibaba Group Holding Ltd. [NYSE:BABA] and SAP SE [ETR:SAP] on the creation of a new...

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RiboQuark Doses First Patient in China siRNA Trial

RiboQuark Doses First Patient in China siRNA Trial

Kunshan RiboQuark Pharma has dosed the first person in a China trial of a siRNA ocular neuroprotectant therapy. The therapeutic (QPI-1007) treats a “stroke in the eye,” known more technically as acute non-arteritic ischemic optic...

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Loxo signs lucrative cancer drug deal with Bayer, but shares fall

Loxo signs lucrative cancer drug deal with Bayer, but shares fall

Loxo Oncology on Tuesday signed a collaboration agreement for its promising cancer drugs with Germany’s Bayer AG that could be worth up to $1.55 billion to the tiny U.S. company, but its shares fell 11 percent as the deal appeared to end...

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Toshiba sells TV, visual solutions unit to Hisense of China

Toshiba sells TV, visual solutions unit to Hisense of China

Troubled Toshiba Corp. is selling 95 percent of its TV and other visual products subsidiary to Chinese electronics maker Hisense Group as part of its effort to stay afloat. Tokyo-based Toshiba announced the 12.9 billion yen ($113 million) deal...

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Tencent, ZhongAn Team Up to Allow One-Click Commercial Health Insurance Claims Through WeChat

Tencent, ZhongAn Team Up to Allow One-Click Commercial Health Insurance Claims Through WeChat

Chinese web giant Tencent Holdings Ltd. [HKG:0700] and ZhongAn Online P&C Insurance Co. [HKG:6060] have released commercial medical insurance products through the former’s messaging and lifestyle app WeChat to simplify the reimbursement...

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China’s Property Investment Growth Slowed Last Month as Housing Inventory Fell 8.82 Million Square Meters

China’s Property Investment Growth Slowed Last Month as Housing Inventory Fell 8.82 Million Square Meters

Growth in China’s property investment and floor space sold slowed over the first 10 months of this year, data from the National Bureau of Statistics shows. However, property developers purchased more land and commercial housing inventories fell...

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Argentina wants to overtake Chile in South America lithium race

Argentina wants to overtake Chile in South America lithium race

The giant pools of turquoise water in the mountainous deserts of northwest Argentina shimmer in the sunlight like oases and for lithium miners like Australia’s Orocobre Ltd, that is exactly what they are. The mid-cap miner is one of several...

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Bill Gates makes $100 million personal investment to fight Alzheimer’s

Bill Gates makes $100 million personal investment to fight Alzheimer’s

Billionaire Microsoft co-founder Bill Gates is to invest $50 million in the Dementia Discovery Fund, a venture capital fund that brings together industry and government to seek treatments for the brain-wasting disease. The investment – a...

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Amazon to sell China cloud services unit in $300 million deal

Amazon to sell China cloud services unit in $300 million deal

Amazon.com Inc’s Chinese partner, Beijing Sinnet Technology Co., said it would purchase Amazon’s Chinese web services business for up to 2 billion yuan ($301 million), ending the U.S. firm’s cloud-computing business in the country. Sinnet, which...

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