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Insurance asset management firms launch products exceeding US$32 bn

For the first eight months of this year, 23 insurance asset management companies registered 109...

Car Industry Jobs Dwindle

Jobs are declining in the Korean car industry as both exports and domestic sales dwindle.In...

Jack Ma to give up Alibaba’s VIE structure ownership

Jack Ma, chairman of Alibaba’s board of directors, has given up ownership of the company’s...

Shanghai to suspend microcredit lenders that target individuals

The Shanghai Financial Services Office has ordered microcredit lenders and financing guarantee companies to immediately...

Tencent restructures to focus on cloud, artificial intelligence

Tencent has made major adjustments to its internal structure, setting up two new departments including...

China’s oldest tech publication to accept Bitcoin payments

Beijing Sci-Tech Report (BSTR), China’s oldest tech publication, has announced that it is accepting Bitcoin...

Chinese millennials rule the global luxury market

China’s millennials are becoming the mainstay of global luxury consumption, according to a report jointly...

Government waives import duty on 35 capital goods to boost mobile phone manufacturing

The government has exempted 35 machine parts used for manufacturing mobile phone components from the...

Nirupam demands Modi-led BJP govt to stop pressurising LIC, SBI to bail out ILFS

Congress leader Sanjay Nirupam in a press conference claimed that PM Modi and Finance Minister...

We are for open trade, not protection. Competition is the best: Adi Godrej

Adi Godrej, 76, chairman of the Godrej Group, has moved into his role as chairman...

RBI acts tough on delay in fraud reporting by banks, slaps penalty of Rs 5 crore on Karur Vyasa Bank

The Reserve Bank of India (RBI) has been acting tough against banks which do not...

Midea Group’s real estate arm aims for Hong Kong IPO

Midea Real Estate Holding Limited, one of the major real estate developers in China, is...

US Fed raises key interest rate amid strong economy

With the US economy still strong, the Federal Reserve raised the benchmark interest rate on...

Spring Airlines buys US$122 mn stake in China Southern Airlines

Spring Airlines, a low-cost carrier, has subscribed to China Southern Airline’s A-share non-public offering in...

Lenovo’s 5G expansion dispels concern over Motorola sale

Chinese multinational Lenovo recently released the world’s first 5G Ready mobile phone Moto z3, and...

Korean Steelmaker to Bolster U.S. Output Amid Tariff Wars

Korea's largest steel pipe manufacturer SeAH Steel has decided to boost output in the U.S....