Flat, orange robots glide under stationary cars and ferry them to empty Chinese parking bays, using space more efficiently and, their creators say, reducing driver stress. It is one of a number of elegant—and expensive—mechanical solutions China is turning to as it faces an ageing population, which, even in the world’s most populous country, is making workers harder to come …
McDonald’s sells China business in deal worth up to $2.1 billion
McDonald’s sells China unit in $2.1B deal McDonald’s sells China unit in $2.1B deal 7 Hours Ago | 00:34 McDonald’s has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC and Carlyle Group for up to $2.1 billion, seeking to expand rapidly without using much of its own capital. The 20-year deal caps …
Tech Trends From China To Watch Out For
The Biggest Tech Trends From China To Watch Out For In 2017 China’s technology sector dominated headlines in 2016 both in the Middle Kingdom and abroad, ranging from coverage of Uber’s merger with Chinese rival Didi Chuxing to the newly popular bike-sharing apps. Just a few years after China’s tech scene emerged, the conversation has shifted from questioning if Chinese …
China and Trump Make Copper a Red-Hot Bet
Copper’s 14-day winning streak is the longest on record for at least 28 years Copper has become the favorite commodities trade, a sign that investors believe economic-growth prospects are improving from China to the U.S. Prices for copper have closed higher 14 days in a row, the metal’s longest winning streak on record for at least 28 years. That run …
Wal-Mart to invest $50 million in China online grocer New Dada
Wal-Mart Stores Inc will invest $50 million in Chinese online grocery and delivery firm New Dada, the U.S. retailer said on Friday, extending its tie-ups with local online players to help boost sales in the world’s second-largest economy. Wal-Mart shifted its China strategy earlier this year when it sold its own online platform Yihaodian in exchange for a stake in …
China plans world’s biggest spaceplane to carry 20 tourists
Even China can’t resist the lure of space tourism. A state-backed firm is developing a gigantic spaceplane, New Scientist can reveal. The plane may one day fly up to 20 passengers to the edge of space – significantly more people than any other commercial spaceflight firm has pledged to fly to date. The China Academy of Launch Vehicle Technology in …