Alibaba Group Holding Ltd has bought an 8 percent stake in Chinese video platform Bilibili Inc, the official Xinhua news agency reported on Thursday. Alibaba’s e-commerce retail arm, Taobao, will own 24 million shares in Bilibili, one of...
Read moreChina is considering measures to drive adjustments in financial institutions’ lending rates for companies to improve credit flow into the economy, the official English-language China Daily reported on Thursday, citing a central bank...
Read moreChina’s trade surplus with the United States narrowed to $27.3 billion in January, from $29.87 billion in December, customs data showed on Thursday. China’s exports to the United States fell 2.4 percent in January from a year earlier...
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Read moreChina is adding to its gold reserves again, boosting holdings for a second month and reinforcing an outlook from bulls including Goldman Sachs Group Inc. that central-bank buying will likely remain strong this year. The People’s Bank of China...
Read moreChinese consumers opened their wallet during Spring Festival, not only on things like digital home appliances and imported fresh food but also on experiences such as travel and entertainment, government figures showed. Shopping, dining out...
Read moreChina’s state council, or cabinet, said on Monday it would adopt measures to encourage commercial banks to replenish capital through various channels and push funds to participate in capital-raising activity, state television said. The...
Read moreDemand for physical gold gathered pace in top consumer China ahead of the Lunar New Year holiday, while activity was muted in India as jewellers held off on purchases in anticipation of the country’s budget presentation on Friday. Gold is...
Read more* Chalco says Shandong unit subject to ‘flexible production’ * Says is considering transformation, upgrade of plant * Company has closed 850kt of capacity since 2018 – consultancy Aluminum Corp of China , known as Chalco, said late on...
Read moreVenture capital-backed financial technology companies raised a record $39.57 billion from investors globally in 2018, up 120 percent from the previous year, according to research by data provider CB Insights published on Tuesday. Funding was...
Read moreSoaring nickel output in China and Indonesia to record levels this year is expected to weigh on prices for the metal used to make stainless steel and batteries for electric vehicles even if some projects are delayed. Nickel on the London Metal...
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