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China's e-commerce market is expected to leapfrog that of the United States this year to become the world's largest by total customer spending, management consultancy firm Bain & Company says.
SHANGHAI: Global milk powder firms are scrutinising Chinese social media reports up to four times a day to gauge consumer reaction to a high-profile pricing probe and food safety scare that threaten their squeaky-clean image in the $14.5 billion (9.31 billion pounds) China market.
SHANGHAI: Tencent Holdings Ltd, China’s leading Internet firm by revenue, denied a newspaper report that it plans to list its popular Weixin, or WeChat, mobile messaging app as a spinoff company in Singapore.
Chinese technology giant Tencent Holdings Ltd is planning to list its popular messaging app Weixin, or WeChat, as a spinoff company in Singapore, the official China Daily reported on Tuesday, citing an unnamed source.
A South China Morning Post journalist has quit in a controversy over disputed remarks that Jack Ma had reported to have made in support of Beijing's violent crackdown on Tiananmen Square protesters in 1989.
TOKYO: Asian shares fell on Thursday, as concerns over financing available to property developers weighed on Chinese markets, although overall sentiment was supported by Federal Reserve Chairman Ben Bernanke's pledge to keep monetary policy easy for the foreseeable future.