BEIJING - The chief scientist helping drive Baidu Inc's artificial intelligence push is quitting the search giant, putting at risk its efforts to place the sector at the center of its business revival.
More inclusive forms of globalization are vital as catalysts for growth in emerging economies amid a global economic downturn, Secretary-General of the Boao Forum for Asia, Zhou Wenzhong said on Wednesday.
BEIJING - Chang Linglong has just returned from a trip to Shanghai that she describes as "a nightmare". The 160-square-meter apartment she booked on a short-term rental website turned out to be just 70 square meters.
China's sharing economy will maintain a high 40 percent annual growth rate in the coming years, according to estimates in a report released by the State Information Center.
China moved one step closer to reducing the number of centrally administered State-owned enterprises to 100, after Sinolight Corp agreed to merge with China Poly Group Corp.
MUMBAI - Chinese tech giant Xiaomi on Monday announced plans for its second manufacturing plant in India, which will substantially boost production rates and further the company's expansion ambitions for the country.
Japanese camera maker Canon Inc said it is stepping up its efforts to expand into the medical equipment, video surveillance and the commercial printing sector in China this year, as the Chinese market has become an important engine for the company's growth.
China plans to introduce its first regulation on making outbound direct investments later this year to clarify and define the range of overseas investments, as well as listing prohibited areas and other essential factors, according to a report by Beijing-based newspaper the Economic Information Daily on Tuesday.
NEW YORK - Chinese conglomerate HNA Group Co is leading a deal to acquire Manhattan's 245 Park Avenue for $2.21 billion, one of the highest prices ever paid for a New York skyscraper, two people with knowledge of the negotiations said.
Apple Inc is making a big push to attract mobile application developers in China, as it attempts to create new momentum in the key market.
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