Chinese private airline signs engine deal with GE -- Shanghai-based Juneyao Airlines has reached agreement with General Electric (GE) to supply GEnx engines for its Boeing 787-9 aircraft. Juneyao ordered engines for its 10 Boeing 787-9 aircraft, purchased in 2016 for delivery from 2018. The order is valued at 1.4 billion U.S. dollars and includes a 15-year agreement with GE Aviation for maintenance and repair of the engines.
Chinese Singles' Day sales hit records -- At just three minutes past midnight on Nov. 11, China's Singles' Day, sales on TMall hit 10 billion yuan (about 1.5 billion U.S. dollars). In 2016, the volume was achieved in six minutes and 58 seconds, according to Alibaba, owner of TMall. Known as China's Single's Day, November 11 has become an online shopping spree since 2009 when Alibaba's Tmall made its first online sales promotion. And now it is on par with "Black Friday," when most U.S. retailers online or offline offer promotions.
Huawei launches new smartphone with four cameras in Nepal -- Chinese multinational company Huawei Technologies launched its latest mobile set "Nova 2i" here on Nov. 15. "Nova 2i" has been introduced as Nepal's first smartphone with four cameras, featuring front and back dual-lens cameras. The key camera functions have been highlighted as portrait mode, wide aperture mode and motion photo among others.
China's Hisense buys Toshiba's TV business -- Chinese electronics giant Hisense will buy a 95 percent stake in Japan's Toshiba Visual Solutions Corporation (TVS), as part of its efforts to expand globally. Hisense Electric Co., Ltd., under the Hisense Group, and Tokyo-based Toshiba Corp. on Nov. 14 jointly announced the 12.9 billion yen (about 113 million U.S. dollar) deal which will be completed by the end of February 2018. TVS is a television and visual products subsidiary under the Japanese electronics maker Toshiba.
Chinese firm signs deal as main contractor with Israeli real estate company for first time -- Beijing Construction Engineering Group (BCEG) officially signed the construction contract as the main contractor of the Neot Ariel Sharon project in Kiryat Ono of Tel Aviv with Israeli Carasso Real Estate here on Nov. 13. It marks the first time for a Chinese company to sign a deal as a main contractor with an Israeli real estate company to set foot in the field. The signing is the beginning of cooperation between both sides, and it is also the beginning of BCEG's business in Israel, said Chang Yongchun, vice general manager of BCEG.
China's Geely buys U.S. flying car maker -- Zhejiang Geely Holding Group has announced it will acquire all operations and assets of Terrafugia Inc, a U.S.-based flying car developer. Geely did not disclose the volume of the deal, which has received approval from all relevant regulators in the United States, it said in a statement on Nov 10. Geely has promised investment in Terrafugia to make the flying car a reality. Founded in 2006, Terrafugia aims to deliver its first flying car to the market in 2019 and release the world's first flying car with vertical take-off and landing by 2023.
JD.com says Q3 profit more than quadruple -- JD.com, China's second largest e-commerce giant, said on Nov. 14 its net profit more than quadrupled in the third quarter to a record high. The net profit soared by 359 percent year on year to 2.2 billion yuan (about 330 million U.S. dollars) during July-September, according to its quarterly statement. The company has reported six consecutive quarterly profit rises. The company attributed its soaring growth to the use of smart chains and logistics technology which enables vendors to reach their target consumers precisely.
Chinese bike-sharing company Mobike launched in Rotterdam -- Chinese bike-sharing company Mobike on Nov, 9 officially announced its launch after a successful trial period in the Netherlands, first in Rotterdam, the country's second largest city. "We started with 150 bikes weeks ago and now there are some four to five hundreds in the streets. That's not many. We really want to know how people will use Mobike, so we do it slightly and in a proper manner," said Ronald Haverman, who now leads the introduction of Mobike into his country.
A single purchase
