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  • PPDAI’s net profit up 128 pct in 2018

    The net profit of PPDAI Group Inc., a financial technology company listed in the United States, increased 128 percent year on year to 2.47 billion yuan in 2018, according to the company’s financial report.


  • China's retail sales up 8.2 pct in Jan.-Feb.

    China's retail sales of consumer goods rose 8.2 percent year on year in the first two months of the year, flat with that in December 2018, according to the National Bureau of Statistics (NBS).


  • CGN sees 14.02 pct growth in grid power generation

    China General Nuclear Power Corporation (CGN) generated 157.04 billion kilowatt-hours of grid power in 2018, up 14.02 percent, the energy group announced Wednesday.


  • China Unicom reports soaring profit growth

    China Unicom, one of China's major mobile operators, on Wednesday reported a soaring growth of 458 percent in its profits for 2018.


  • China's online games gain 9.59 bln USD revenue overseas in 2018, up 15.8 pct. on y-r

    China's online games have gained 9.59 billion dollars of revenue from overseas market in 2018, up 15.8 percent year on year.


  • German finance start-up Raisin buys Frankfurt-based MHB Bank

    The Berlin-based finance start-up Raisin, which runs the WeltSparen savings platform in Germany, is buying the MHB Bank in Frankfurt, Raisin announced on Thursday.


  • China's listed banks report net profit growth in 2018

    China's listed banks saw net profit growth in 2018, according to their annual performance reports.


  • China Focus: Consumption upgrade bolsters economic growth

    Consumer spending contributed 76.2 percent to China's GDP growth last year, making it the largest driver of the country's economic growth for six years in a row.


  • Ping An Bank reports revenue, profit increases in 2018

    Ping An Bank, a Shenzhen-listed lender controlled by Ping An Insurance, posted increases in both its revenue and net profits in 2018.


  • Bank of Nanjing net profits up 14.5 pct in 2018

    Bank of Nanjing Co., Ltd., a Chinese city commercial bank, posted Wednesday a 14.5 percent annual growth in 2018 net profits as it continued to optimize its business structure and rein in risks.


  • Major U.S. investment banks upgrade stock of Chinese travel giant Ctrip

    Three U.S. top investment banks upgraded International's stock on Tuesday, driving its price sharply up 19.78 percent around market close, which marked the largest daily gains among shares of U.S.-listed Chinese companies during the day.


  • Ctrip reports robust revenue growth in 2018

    China's leading online travel agency Ctrip reported robust revenue growth in 2018 as the company secured vigorous growth in international business and greater presence in low-tier cities.


  • China's Yili takes lead in Asian diary market with 2018 net at RMB6.45 bln

    China's dairy giant Inner Mongolia Yili Industrial Group Co., Ltd. continued taking the lead in the Asian dairy market with its net profits in 2018 standing at 6.452 billion yuan, according to its financial results for 2018 unveiled recently.


  • Biz China Weekly: PMI, shares, sharing economy

    Fresh snapshots of China's manufacturing and non-manufacturing sectors showed a more positive outlook on the economy despite a seasonal dip in factory activities.


  • China battery giant CATL sees 2018 revenues up 48 pct

    China's largest lithium battery producer Contemporary Amperex Technology Co. Limited (CATL) posted a 48.1 percent revenue growth in 2018, as a booming new energy vehicle (NEV) market drove up demand for its products.


  • Spotlight: Huawei bags multiple 5G deals during key industry expo

    Chinese technology giant Huawei has garnered a series of 5G deals with global mobile operators during the MWC Barcelona, a telecommunications industry's prominent get-together which ends on Thursday.


  • JD reports 22 pct revenue growth in Q4

    Chinese e-commerce giant on Thursday reported a 22-percent year-on-year increase in net revenues for the fourth quarter of 2018.


  • Huawei unveils next generation transmission solution after winning big at MWC awards

    Chinese telecommunications giant Huawei on Wednesday unveiled its next generation data center interconnect (DCI) solution at MWC 2019 (formerly Mobile World Congress), which is being held here until Thursday.


  • China courier giants see steady revenue growth in 2018

    Three major Chinese express delivery companies posted steady revenue growth last year on the back of booming e-commerce in the world's most populous country.


  • Majority of Chinese mainland CEOs optimistic about global economy: report

    A majority of chief executive officers on the Chinese mainland are optimistic about the global economic prospects in the coming year, according to survey results released by accounting and consultancy firm PwC.


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