China approves 9 IPO applications

BEIJING, July 22 (Xinhua) -- The China Securities Regulatory Commission (CSRC), the country's top securities market regulator, has approved IPO applications from nine companies. They will raise no more than 4.4 billion yuan (652.8 million U.S. dollars ... ( read original story ...)

China announces goal of AI leadership by 2030

BEIJING — China’s government has announced a goal of making the ... Baidu Inc. and Alibaba Group are spending heavily to develop artificial intelligence for finance, self-driving cars and other applications. Manufacturers also are installing robots ... ( read original story ...)

Scaramucci Still Has Unfinished Business in China

Anthony Scaramucci, the Trump administration’s new communications director, finally made the leap from Wall Street to the White House. Selling his hedge-fund firm to a Chinese company will take longer. The sale of SkyBridge Capital to conglomerate HNA ... ( read original story ...)

China wants to build a $150 billion AI industry

Artificial intelligence is no exception. Beijing laid out a timeline on Friday for when it expects the country to become a global leader in the frontier technology. By 2020, China's AI technologies and research facilities will match other leading countries ... ( read original story ...)

Abercrombie Is Still Hip in China and Wants to Cash In

Retailer’s namesake and kids brands arrive at Tmall on July 26 Company seeks to reverse cooling international sales Abercrombie & Fitch Co. is looking to shoppers in China, where its brand still has prestige, to help with its comeback plan. The company ... ( read original story ...)

Louis Vuitton Joins E-commerce Rush in China

PARIS — Louis Vuitton has launched e-commerce in China, adding to a growing list of Western luxury brands cultivating the world’s most advanced digital market. Vuitton joins the likes of Burberry, Gucci and Michael Kors in launching its monobrand e ... ( read original story ...)

India Follows China’s Path to Factory Power

Brands like OPPO, Vivo, Lenovo and Xiaomi have set up plants in India, intensifying competition in the country's smartphone manufacturing sector. As early as four years ago, China's mobile phone industry, including brands, original equipment manufacturers ... ( read original story ...)