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Hey big spender: Chinese remain on top for international shopping

17-Jul-2014 Intellasia | AFP | 6:00 AM

Other countries might be catching up, but China was still the biggest-spending nation when it came to global shopping in 2013, according to new statistics. “The Top Ten [...]
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China’s Xiaomi to invest in India, launches budget smartphones

17-Jul-2014 Intellasia | Reuters | 6:00 AM

Xiaomi’s success has partly stemmed from its affordability. The Mi 3, Xiaomi’s latest smartphone, is priced at 13,999 rupees ($230). According to Neil Shah of [...]
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Chinese ambassador wishes Burma stability, rapid growth

17-Jul-2014 Intellasia | Xinhua | 6:00 AM

Chinese Ambassador to Myanmar Yang Houlan said here Tuesday that Myanmar is a friendly neighbour of China and the Chinese government and people wish that Myanmar would enjoy [...]
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Jailed Chinese pastor’s family escapes to US

17-Jul-2014 Intellasia | AP | 6:00 AM

Three members of an imprisoned pastor’s family have sneaked out of China to the US with the help of activists after complaining about an extended campaign of harassment [...]
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China’s state TV targeted in anti-corruption drive

17-Jul-2014 Intellasia | AP | 6:00 AM

For months, Chinese state television has publicised a steady drumbeat of accusations of bribery and other abuses by a string of officials. Now, the state-run broadcaster [...]
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HK asks Beijing for greater democracy

17-Jul-2014 Intellasia | AP | 6:00 AM

Hong Kong’s leader formally asked Beijing on Tuesday for legal changes that would ultimately let residents of the southern Chinese city elect his successor, but he [...]
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BRICS nations agree to create own development bank

17-Jul-2014 Intellasia | AP | 6:00 AM

The leaders of five emerging market powers said at a summit Tuesday that they gave final agreement to creating their own development bank worth $100 billion that will have [...]
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Chinese oil rig finishes exploration in waters off Vietnam: Xinhua

17-Jul-2014 Intellasia | Reuters | 6:00 AM

A Chinese oil rig has finished exploration near the Paracel islands in the South China Sea after finding signs of oil and gas, the official Xinhua news agency said, more than [...]
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Chinese town trades lead poison test results for milk

17-Jul-2014 Intellasia | Reuters | 6:00 AM

After a test showed farmer Zhao Heping’s toddler grandson had high levels of lead in his blood two years ago, local officials in China’s Hunan province offered [...]
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China’s Alibaba sets entertainment deal with Lionsgate

17-Jul-2014 Intellasia | AFP | 6:00 AM

Alibaba and US-based entertainment company Lionsgate on Tuesday announced plans for a movie and television streaming service in mainland China, as the Chinese Internet giant [...]
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VMware to form cloud computing partnership with China Telecom

17-Jul-2014 Intellasia | Reuters | 6:00 AM

Silicon Valley-based VMware Inc said it will form a cloud computing partnership with China Telecom Corp, expanding in China at a time when many US technology firms’ [...]
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China bank lending up in June, says central bank

17-Jul-2014 Intellasia | AFP | 6:00 AM

China’s bank lending picked up in June from May, the central bank said Tuesday, as authorities accelerated infrastructure investment to boost the flagging economy, but [...]
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Yahoo to keep more of Alibaba, share half of IPO proceeds

17-Jul-2014 Intellasia | Reuters | 6:00 AM

Yahoo Inc pledged to pay its shareholders at least half the proceeds from Alibaba Group Holding Ltd’s mega-IPO this fall and plans to keep a larger stake in the Chinese [...]
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New BRICS bank to be based in China, India to have presidency

17-Jul-2014 Intellasia | Reuters | 6:00 AM

The new development bank of the group of BRICS countries will be headquartered in Shanghai, China, with the presidency initially held by India, Brazilian president Dilma [...]
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Chinese property developers at risk as trust funds dry up

17-Jul-2014 Intellasia | Reuters | 6:00 AM

China’s shadow banking firms slashed lending to property developers in the first half of this year, closing off a crucial funding avenue just as the housing market [...]
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