China

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.
Why U.S. IoT Entrepreneurs Should Consider Moving to Hong Kong
Internet of Things

Why U.S. IoT Entrepreneurs Should Consider Moving to Hong Kong

Hong Kong's location and economic freedoms makes it an ideal place spot to foster growth and penetrate the Chinese market.
Josh Steimle
This Car-Swallowing Contraption Is Actually a Futuristic City Bus
Far Out Tech

This Car-Swallowing Contraption Is Actually a Futuristic City Bus

It's not as frightening as it looks at first glance.
Jason Fell
Apple Has Flurry of Problems to Deal With in China as Cook Begins Charm Offensive
Apple

Apple Has Flurry of Problems to Deal With in China as Cook Begins Charm Offensive

'China has set a clear precedent with nearly every other tech company that operating in the country comes with certain strings attached,' analyst says.
Alibaba's Jack Ma Cancels Speech After Row With Anti-Counterfeiting Group
Alibaba

Alibaba's Jack Ma Cancels Speech After Row With Anti-Counterfeiting Group

The ecommerce company has been dogged for years by accusations that its online shopping platforms were conduits for counterfeiters and critics say it has not done nearly enough to stop the problem.
The Goldilocks Test: Why China Is Just Right
Radicals & Visionaries

The Goldilocks Test: Why China Is Just Right

China's quest is global dominance of the tech industry. It could overtake Silicon Valley.
Ryan McMunn
Alibaba Vows to Keep Fighting Fakes Despite Anti-Counterfeiting Group Snub
Alibaba

Alibaba Vows to Keep Fighting Fakes Despite Anti-Counterfeiting Group Snub

The U.S.-based International Anti-Counterfeiting Coalition announced on Friday that it would suspend Alibaba's membership, after several IACC member companies quit the group in protest at Alibaba's inclusion.
Apple's Cook Visits Beijing After China Woes, Didi Deal
Tim Cook

Apple's Cook Visits Beijing After China Woes, Didi Deal

Cook has planned to meet high-level government officials, a source familiar with the matter said earlier this month.
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.