Foreign firms optimistic about Chinese market
Despite of international economic uncertainties, China has maintained stable economic growth and the Chinese market remains the favorite of many foreign firms.
Macro
Overseas institutions hold more RMB assets
Overseas institutions bought more in the Chinese bonds market in August despite the yuan's slide during the period, the latest data showed, as the lure of the Chinese market prevails.
Industries
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China's auto sales expected to rebound, consumption to improve
China's auto sales, topping estimates in July despite a slowdown, are expected to rebound for the rest of 2019.
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China mobile gaming industry sees rapid growth in overseas markets
Overseas markets have become increasingly important to Chinese mobile games developers as they account for a growing share of the industry's revenue.
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Companies
China Mobile builds 20,000 5G base stations
Chinese telecom giant China Mobile Thursday said it has built more than 20,000 5G base stations in 52 key cities across the country.
Alibaba buys Kaola e-commerce platform from NetEase
NASDAQ-listed NetEase Inc. on Friday reached an agreement with Alibaba Group Holding Ltd. on the latter's acquisition of Netease's cross-border e-commerce platform Kaola.
Coffee chain Luckin makes tea drinks independent brand in expansion push
Chinese coffee startup Luckin Coffee will make its tea drinks business an independent brand in a bid to speed up market expansion, the company announced Tuesday.
