China

Baidu Trims Sales Outlook for the Second Quarter, Shares Slip

Baidu Trims Sales Outlook for the Second Quarter, Shares Slip

Shares of Baidu dropped five percent during the after-hours trading to $154.99 following the cuts in the company's second-quarter revenue estimates.

China’s Factory Activities Suffer in May as Orders Drop

China’s Factory Activities Suffer in May as Orders Drop

In May, China's factory activities did not get any better with months of successive drops. On Wednesday a private survey revealed that new orders softened, leading to loss of hope for any recovery soon in the huge manufacturing sector of the country.

Tim Cook visits China to boost business

Tim Cook, the Chief Executive Officer of Apple, is on a visit to China in order to boost company's business in the large Asian market and also form new relationships with partners, developers and others.

Anti Counterfeiting Coalition suspends Alibaba

The International Anti Counterfeiting Coalition, which is a leading anti-counterfeit group, has suspended the membership of Alibaba Group Holding Ltd.

China’s HNA Tourism Group Co Ltd Buying Carlson Hotels

China’s HNA Tourism Group Co Ltd Buying Carlson Hotels

On Wednesday, HNA Tourism Group Co Ltd, a Chinese company which is a unit of HNA Group Co Ltd, the aviation and shipping conglomerate, said it has agreed to buy Carlson Hotels.

China’s Slowdown Hurts the Casino Industry; Sands China’s Quarterly Revenue Misses Analysts’ Estimates

China’s Slowdown Hurts the Casino Industry; Sands China’s Quarterly Revenue Miss

China's slowdown is also affecting its casino businesses and Macau-based Sands China Ltd's less than expected first quarterly earnings report is an example of that.

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