'Uber for bikes' is what China's tech industry is betting will be the country's next big internet craze and the tech giants are sloughing hundreds of millions of dollars into this.   The he humble bicycle is making a comeback which was a symbol of China's cities long before a boom in cars,...

Giving the telecom company AT&T Inc control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted media assets and paving the way for what would be the biggest deal in the world this year,, the telecom company has reached an agreement in principle to buy Time Warner Inc...

GSK seeks for ways to “contribute” in easing “access to medicines” worldwide. Last week, GlaxoSmithKline, the giant among the “London-listed pharmaceuticals”, reported of its “evolving” approach towards “filing and enforcing patents”, whereby reflecting “a country’s wealth” through “IP protection”....

If BAT’s proposed offer were to realise, the company would take a leading place in the “high value” market of the United States. BAT, meaning the British American Tobacco, has put up an offer of purchasing Reynolds American Inc’s “U.S. tobacco company” for a deal of “$47 billion”, whereby bringing...

Tesla has plans up its sleeves to introduce a shared ‘services program’. In the coming year Tesla Motors Inc. will make detailed announcement of its plans on rolling out “a ride services program”, while the same has been “outlined” in the “master plan” of the chief executive, Elon Musk, which he...

An attempt has been made by Walmart to target Chinese shopping clients. Reuters reported that Walmart Stores Inc. is set to make an investment of “$50 million” in New Data, the latter being the online “grocery and delivery firm” based out of China and a “joint venture” which is partly owned by...

Mitsubishi Motors Corporation (MMC) announced joining Renault-Nissan alliance as Nissan closed acquisition of 34% of its shares. As a result of the transaction, total value of which amounted to ¥ 237 billion ($ 2.283 billion), Nissan became the largest shareholder of MMC. Under the deal, Head of...

According to a newspaper published by China’s central bank, the country’s currency regulator bust underground banking operations that involved more than 1 trillion yuan ($148 billion), as a part of China’s campaign to crack down on illegal capital outflows.   The Financial News reported...

The shares of Apple Inc supplier Laird Plc were shot down by as much as 50 percent after the company cited a slowdown in smartphone sales and "unprecedented" pricing pressure.   The company said that these factors would lead to it posting a sharply lower profit for the year as expected by...