The Best Reads of the Week From Caixin
Chinese Premier Li Keqiang has revealed the economy grew by around 6.9% last year, just days before the government is due to officially release the numbers. The growth rate, if confirmed next week, would be the first acceleration in seven years.
An ambitious deal between Dalian Wanda and U.S. tech giant IBM to join forces and become a top player in China’s booming cloud-computing market appears in serious jeopardy, with the Chinese property and entertainment conglomerate planning deep job cuts in a key department, sources told Caixin.
Ant Financial Services Group said it will conduct sweeping reviews of all its business lines after being reprimanded by regulators for data-privacy violations.
Global hotel giant Marriott International Inc. apologized after online anger erupted over its description of Hong Kong, Macau, Taiwan, and Tibet as “countries” in a recent customer survey.
Rescue crews were forced to retreat from a burning oil tanker in the East China Sea on Wednesday after an explosion on the ship — which was still ablaze four days after colliding with a cargo ship.
These are the five stories that I don’t want you to miss from last week. Please share your comments on The Weekender section and on our other coverage at firstname.lastname@example.org.
And when you’re done perusing these must-read stories, check out Caixin’s weekly digital magazine.
China's total foreign trade also increased in 2017 for the first time in three years, he said, according to the Xinhua News Agency report on Thursday. Photo: Visual China
Wanda didn’t disclose how many employees in the cloud-computing unit will be laid off, but executives said “only a few people will stay,” an employee told Caixin. Photo: Visual China
The Cyberspace Administration of China said that Alipay’s and Zhima Credit’s collection of individual information violated a pledge that Ant Financial Services Group signed on individual information protection. Photo: IC
Marriott International Inc. has posted an apology for identifying Hong Kong, Macau, Taiwan and Tibet as "countries" in a customer survey, saying that it "respects China's sovereignty and territorial integrity." Photo: IC
Chinese officials said that the Panamanian-flagged oil tanker Sanchi was already on fire when it collided with the Hong Kong-flagged cargo ship CF Crystal in the East China Sea on Saturday. Above, the Chinese ship Shen Qian Hao (foreground) sprays foam on the Sanchi on Wednesday before the arrival of firefighting crews that night. Photo: Visual China
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas