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Midea Group to merge with laundry machine maker Little Swan

Chinese electrical appliance manufacturer Midea Group is planning to issue shares to complete a merger...

Message behind President Xi’s visit to Gree Electric HQ

Chinese investors like to put their money where their leaders go.Six years ago, President Xi...

Think Tank Blames Gov't Initiatives for Soaring Unemployment

The minimum-wage hike, shorter working week and giving temporary workers permanent positions have triggered rising...

Hyundai Starts Testing Exoskeletons for Workers

Hyundai has started testing robotic exoskeletons that will help workers take a load off their...

When there is a will, there is a way, even in China

Despite tradition dictating it being taboo in Chinese culture, people are lining up to write...

Government to offer credit support for corporate bond issuers

The State Council has decided to establish a bond financing tool to support private enterprises...

Brokerages team up for management bailout plan

At least 11 securities brokerages have reached an agreement to invest 21 billion yuan (US$3.02...

Gree Electric confirms purchase of high-end refrigerator maker

Gree Electric, a Chinese major appliance manufacturer, has confirmed it has fully acquired Hefei Jinghong...

Incheon City Mulls Taking Back Land from GM

GM Korea in a shareholders' meeting on Friday decided to establish a research and development...

Treasury currency report retracts investor relief

The US Treasury Department’s twice-yearly review of possible exchange rate manipulation singled out Asia, and...

Fewer Korean Firms on Forbes' List of World's Best Employers This Year

The number of Korean companies on the World's Best Employers list has fallen by half...

Khashoggi murder puts spotlight on ‘bonesaw’ prince

The Kingdom of Saudi Arabia has finally admitted that Jamal Khashoggi was murdered inside its...

Two stock exchanges move to stabilize the market

Both the Shanghai Stock Exchange and Shenzhen Stock Exchange have taken action to stabilize the...

Brokers eye setting up potential bailout fund: source

At present, a number of local securities brokers are exploring the possibility of launching a...

China leads the venture capital race with US$93.8 bn

Chinese venture capital is playing an increasingly important role around the world, as the nation’s...

Exclusive: CrowdStrike hires Goldman Sachs to lead IPO - sources

Cybersecurity software maker CrowdStrike Inc has hired investment bank Goldman Sachs Group to prepare for...