After seeing what happened at Cathay Pacific Airways – ostensibly for not toeing the line of Beijing with respect to the protests ongoing in Hong Kong, reports suggest that many Hong Kong firms are choosing to get close to and follow the line being shown by Beijing. It has been months that protests...

The company announced this at a briefing in Beijing, at which it outlined its strategy for the next three years, reports Yicai Global. This is the largest annual investment in China in the history of IKEA, the Beijing Daily notes. The local IKEA division will also recruit over 3,000 new employees...

Starting next year, advanced screens for iPhones from top Chinese display maker BOE Technology Group could be installed. The iPhone maker Apple is reported to be in the final stages of certifying the fixture. Analysts see this move as a measure by Apple to bring down costs and reduce its reliance...

Chinese e-commerce giant Alibaba Group Holding Ltd postponed the placement in Hong Kong amid growing political unrest in the Asian financial center, Reuters reports citing two sources familiar with the situation. Although a new listing deadline has not been formally set, Alibaba may hold the...

Amazon, one of the world’s largest retailers announced launch of a new charity program for independent sellers trading on its site. Now those sellers who want to get rid of unsold or returned goods will be able to transfer these goods through charitable organizations to people in need. The new...

The marketing and sale of its easier-driving grand touring cars is planned to be expanded significantly by the Italian premium sports car maker Ferrari NV, said the company’s Chairman John Elkann while addressing a gathering of enthusiasts of classic cars at a storied golf resort on the Pacific...

The travel industry continues to gain momentum and attract investors. So, Singapore RedDoorz held the second round of financing attraction for the year, and its result was $ 70 million, which the company intends to use to expand the budget segment. The Singapore hotel reservation and support...

Following its maiden investment round, the “new private equity fund” of BlackRock tops the investors in Authentic Group. Long Term Private Capital is the “new private equity fund” of BlackRock Inc with has ended its “maiden investment” as it took up “$875 million stake in Authentic Brands Group...

Tencent Holdings is expected to report improved financials during the quarterly report, while the market expects revenue growth and profits of the Chinese giant. It is assumed that mobile games will contribute to development of the company’s game business, while other areas, such as financial...