Management

UCWeb President He Xiaopeng Resigns to ‘Pursue His Dreams’

UCWeb President He Xiaopeng Resigns to ‘Pursue His Dreams’

He Xiaopeng, co-founder and president of UCWeb Inc., which developed UC Browser, has decided to step down.

Aug 23, 2017
Chen Juan
US Motion Picture Association Wins Copyright Suit, USD210,000 Damages From Chinese Internet Firm

US Motion Picture Association Wins Copyright Suit, USD210,000 Damages From Chinese Internet Firm

The Motion Picture Association of America (MPAA) has won a landmark copyright lawsuit in China against a Chinese internet company…

Aug 22, 2017
Chen Juan
China Will Set Up National Park for Endangered Siberian Tiger and Amur Leopard

China Will Set Up National Park for Endangered Siberian Tiger and Amur Leopard

China will set up a national park for the endangered Amur tiger, also called Siberian tiger, and Amur Leopard (panthera…

Aug 22, 2017
Zhang Ke
Zhuhai Government Selects Li Xupeng as Gree Electric’s Communist Party Chief

Zhuhai Government Selects Li Xupeng as Gree Electric’s Communist Party Chief

Zhuhai Municipal Government, in China’s southeastern economic powerhouse, Guangdong province, has installed Li Xupeng as Communist Party of China chief at state-owned…

Aug 22, 2017
Dou Shicong
Online Marketplace Operator 58.com Posts Better-Than-Expected Second-Quarter Results

Online Marketplace Operator 58.com Posts Better-Than-Expected Second-Quarter Results

Online marketplace operator 58.com Inc. [NYSE:WUBA] reported better-than-expected second-quarter results driven by an increase in online marketing services and membership revenue.

Aug 21, 2017
Xu Wei
Chalco Posts 10-Fold First-Half Net Profit Growth as State-Owned Institutions Increase Shareholding

Chalco Posts 10-Fold First-Half Net Profit Growth as State-Owned Institutions Increase Shareholding

Aluminum Corporation of China Ltd. [SHA:601600, HKG:2600, NYSE: ACH], the world’s second-largest alumina maker better known as Chalco, saw record…

Aug 18, 2017
Liao Shumin
Chinese State-Owned Industrial Giant Returns to Profit After USD850 Million Loss Last Year

Chinese State-Owned Industrial Giant Returns to Profit After USD850 Million Loss Last Year

State-owned China First Heavy Industries Co. [SHA:601106], one of the largest heavy machinery and equipment manufacturers in the country, had a landmark turnaround in fortunes in…

Aug 18, 2017
Liao Shumin
Cathay Pacific Reports Biggest First-Half Loss in 20 Years After EU Fines And Lay-Off Payouts

Cathay Pacific Reports Biggest First-Half Loss in 20 Years After EU Fines And Lay-Off Payouts

Cathay Pacific Airways Ltd. [HKG:0293], Hong Kong’s flagship airline, has reported a HKD2.05-billion (USD262-million) net loss for the first six months…

Aug 17, 2017
Zhang Xia
LeTV Names Several Execs; Le Vision Pictures Chairman Zhang Zhao Will Serve as CCO

LeTV Names Several Execs; Le Vision Pictures Chairman Zhang Zhao Will Serve as CCO

Leshi Internet Information & Technology Corp.’s [SHE:300104] (LeTV) management has seen changes after the firm’s founder Jia Yueting left the…

Aug 15, 2017
Dou Shicong
China National Petroleum Sets Its Deadline for Completing Its Mixed Ownership Reform

China National Petroleum Sets Its Deadline for Completing Its Mixed Ownership Reform

China National Petroleum Corp. announced its deadline for completing its mixed ownership reform, making it the first central state-owned enterprise…

Aug 15, 2017
Gao Ge and Zhu Yanran
Olympus Capital Asia-Led Consortium Pens USD90 Million Deal to Acquire Radio Advertising Company

Olympus Capital Asia-Led Consortium Pens USD90 Million Deal to Acquire Radio Advertising Company

A consortium led by US-based private equity firm Olympus Capital Asia will acquire a controlling stake in China’s biggest radio advertising company…

Aug 10, 2017
Tang Shihua
China Railway to Accelerate Mixed-Ownership Reform With Alibaba, Tencent

China Railway to Accelerate Mixed-Ownership Reform With Alibaba, Tencent

China Railway Corp., the nation’s state-owned railroad operation giant, will boost efforts to bring in a mixed-ownership structure in the…

Aug 9, 2017
Zhu Yanran

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