Alibaba, China’s biggest e-commerce company, has agreed to buy Kaola e-commerce unit from Chinese company NetEase for $2 billion, adding a platform that specialises in supplying curated luxury goods from abroad to domestic consumers.
China’s factory-gate prices shrank at the sharpest pace in three years in August, falling deeper into deflationary territory and reinforcing the urgency for Beijing to step up economic stimulus as the trade war with the United States intensifies.
The price of aluminium in Shanghai traded at nine-month highs this week on the back of Chinese smelter outages. The Shanghai Futures Exchange (ShFE) contract has seen volumes accelerate and open interest surge on the higher prices,
The Islamabad Chamber of Commerce & Industry (ICCI) has welcomed the announcement of Prime Minister of Pakistan to establish CPEC Authority for timely completion of CPEC projects and termed it a positive development
European shares eked out small gains on Tuesday as talk of progress in China-US trade talks was offset by mixed corporate earnings, while sterling held below $1.30 ahead of another crucial Brexit vote.
China’s retail giant Alibaba is finally making its move on Europe. The company is undercutting the sellers’ fees to attract vendors but has had mixed results, six sources with direct
China’s factory activity likely expanded again in December on stronger external demand and an infrastructure push at home, but the pace of growth is set to ease as markets await more certainty
China’s central bank said on Wednesday it was cutting the amount of cash that all banks must hold as reserves, releasing around 800 billion yuan ($114.91 billion) in funds to shore up
World stocks held near record highs on Thursday as some encouraging US data ensured there was no post US-China trade deal hangover for global markets.