Chinese Electronics Retailer Buys Rival
Chinese electronics and home appliances retailer Gome has signed an acquisition agreement with Beijing Zhansheng, which will sell its entire stake in Dazhong to Gome for CNY3.83 billion.
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Bitcoin Bounces Back After Chinese Government Bashing
Perhaps Bitcoin is stronger and more resilient than its critics have suggested, as the virtual currency has seemingly bounced back after critical statements were issued by the Chinese government.
China UnionPay Extends Global Money Reach With New Scheme
MoneyGram and China UnionPay announced a network expansion to provide emergency cash services to UnionPay credit card cardholders.
Bank Aims To Provide Services In China's Rural Areas
China's B2B e-commerce group Alibaba and Shanghai Rural Commercial Bank have reached a comprehensive strategic cooperation agreement to jointly provide services to small- and medium-sized enterprises as well as farmers in rural areas in China.