August 7, 2018

Alibaba merging China food delivery units to counter Tencent-backed Meituan

Alibaba Group plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of […]
August 7, 2018

China bounce pushes world shares toward six-month high

World shares edged toward a six-month high on Tuesday, as the biggest jump in Chinese stocks for over two years and an upbeat start for Europe […]
August 7, 2018

Tesla starts hiring for new $2 billion Shanghai plant

Tesla Inc has started hiring for its new Shanghai factory, according to job postings on its website, just a month after the U.S. electric vehicle (EV) […]
August 7, 2018

Baidu ready to beat Google if U.S. firm returns to China: CEO

Baidu Inc is prepared to win against Alphabet Inc’s Google in China, its chief executive officer said on social media, amid rumblings the U.S. search engine […]
August 7, 2018

Consultation prize: U.S.-China trade war fires bonanza for advisory firms

As U.S. and Chinese firms rush for outside expertise on how to handle fallout from the escalating trade war between the two nations, consultants on everything […]
August 7, 2018

GlaxoSmithKline appoints HSBC’s Iain Mackay as new CFO

GlaxoSmithKline has named Iain Mackay from global bank HSBC as its new chief financial officer, marking another key appointment by Chief Executive Emma Walmsley as she […]
August 7, 2018

Daimler abandons Iran expansion plans as sanctions bite

German car and truck manufacturer Daimler on Tuesday said it has dropped plans to expand its Iran business in reaction to renewed U.S. sanctions, which come […]
August 7, 2018

Exclusive: Alibaba merging China food delivery units to counter Tencent-backed Meituan – sources

Alibaba Group plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of […]
August 7, 2018

Rebound in Chinese shares, solid U.S. earnings support Asia

A rebound in battered Chinese stock markets on Monday helped lift Asian equities, which also drew support from earnings-led gains on Wall Street in a welcome […]
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