China

How Uber's Big Loss in China Is Really a Big Win
Uber

How Uber's Big Loss in China Is Really a Big Win

Uber won't dominate the Chinese market but it keeps a significant share in the biggest ride-hailing app in the world's largest market.
Ryan McMunn
Didi's Dominance Over Uber in China Offers a Roadmap for Ride-Hailing Rivals
Uber

Didi's Dominance Over Uber in China Offers a Roadmap for Ride-Hailing Rivals

The two companies on Monday confirmed the sale of Uber China to its bigger rival, ending a two-year, money-losing effort to break into one of the world's toughest markets.
After Bruising China Battle, Uber Cedes to Rival Didi
Uber

After Bruising China Battle, Uber Cedes to Rival Didi

China last week issued guidelines that establish a long-awaited framework for the booming ride-hailing industry and remove uncertainty for firms such as Didi and Uber.
Apple to Open First Apple Store in Taiwan
Apple Stores

Apple to Open First Apple Store in Taiwan

The Apple Store is the envy of many in the retail world, with the highest sales per square foot in the industry.
Behind China's Push for Robotics -- and a 2020 Deadline
Robots

Behind China's Push for Robotics -- and a 2020 Deadline

China's push to modernize its manufacturing with robotics is partly a response to labor shortages and fast-rising wages.
China Bans Autonomous Car Testing (for Now)
Self-Driving Cars

China Bans Autonomous Car Testing (for Now)

China wants car makers to stop testing until new regulations are in place.
Netflix to Continue to Look at an Entry Into China
Netflix

Netflix to Continue to Look at an Entry Into China

The streaming site is trying to counter slowing growth in the U.S. with its move in January to launch in more than 130 new markets worldwide.
McDonald's Could Fetch Up to $3 Billion for China and Hong Kong Stores
McDonald's

McDonald's Could Fetch Up to $3 Billion for China and Hong Kong Stores

The U.S. fast food company had announced in March it was reorganizing its Asian operations by bringing in partners who would own the restaurants within a franchise business.
Wal-Mart Rips Up China Online Strategy, Starts Again With Stake in Alibaba Rival
Wal-Mart

Wal-Mart Rips Up China Online Strategy, Starts Again With Stake in Alibaba Rival

The deal will see the U.S. grocery giant swap its Yihaodian platform for a 5 percent stake in JD.com Inc., worth about $1.5 billion by the firm's latest market value.
The Upper Middle Class Has Gotten Richer -- Start Up Your Day Roundup
Start Up Your Day

The Upper Middle Class Has Gotten Richer -- Start Up Your Day Roundup

Plus: Taco Bell is giving away free Doritos Locos tacos today as promised during the NBA Finals.
Lindsay Friedman
China's Didi Chuxing Raises $7 Billion in New Funding
Ridesharing Apps

China's Didi Chuxing Raises $7 Billion in New Funding

The funding round valued the company at more than $25 billion.
Alibaba Expects to Nearly Double Transactions Volume to More Than $900 Billion by 2020
China

Alibaba Expects to Nearly Double Transactions Volume to More Than $900 Billion by 2020

Echoing that growth, Chairman Jack Ma said Alibaba expects to have 2 billion consumers on its books by 2036, up from 423 million active buyers in 2016.
China's Uber Rival Didi Chuxing Raises $600 Million From China Life Insurance
Uber

China's Uber Rival Didi Chuxing Raises $600 Million From China Life Insurance

The latest fundraising comes with China's top ride-hailing company locked in a struggle to fend off its global rival's march into China.
China is a communist nation of close to 1.4 billion people where there has been explosive new growth and business opportunities alongside regimented government control over its media and the civil liberties of its citizens.