Shares of Chinese lending platform Yirendai closed 9 percent lower from the offering price on its debut on the New York Stock Exchange, as investors remain cautious with the mounting risk of P2P leading.
Baidu recently apologised for violating the rules of an international supercomputer test in May, when the Chinese search engine giant claimed to beat both Google and Microsoft on the ImageNet image-recognition test.
Tesla Motors CEO Elon Musk is threatening to fire more overseas managers after the company sold only 120 cars in China during January.
Responding to a NYT report which connects some of its shareholders to Chinese political powers, Alibaba said the background of its investors mattered little to the group and slammed some international media for making things out of nothing.
The Chinese telecommunications equipment provider on Monday lifted its forecast for first-half profit citing strong earnings from 4G infrastructure operations.
Cutting marketing expenditures may lead to large decreases in terminal subsidies and notable declines of frontline staffer income among the three telcos.
Air China, the country’s national flag carrier, said more passengers will soon be able to enjoy free broadband browsing services at 32,000 feet after a successful trial run on Wednesday.
Salary of some couriers estimated to be over five times of minimum wages in some key Chinese cities where residents are crazy about online shopping.
Number of Chinese online video viewers grew to 350 million in end-June, higher than total online population of 302 million in the United States.
Three month since its release in mid-March, the new iPad is still unavailable in the official retail channels in the territory.