Chinese electronics retailer Suning Commerce Group announced the launch of its crowdsourcing platform, which creates a one-stop service platform from innovation to sales for consumers and developers. Suning said that the sales goal of this platform is CNY25 billion in 2015 and it is expected to reach CNY45 billion by 2017. Wang Zhe, executive vice […]

Beijing-based Chinese private equity firm Hony Capital has acquired British food brand Pizza Express for £900 million (US$1.2 billion) in the biggest acquisition of a European food company in the past five years, according to a company announcement made by Hony Capital. Hony bought the restaurant chain from London-based buyout group Cinven, which purchased Pizza […]

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The Beijing municipal government has reached a cooperation agreement with IBM to use the tech company's advanced weather forecast and cloud computing technologies to solve the stubborn smog problem in the city. Facing serious environmental pollution problems, the Chinese government has promised citizens that it will take measures to improve the environmental situation. To handle […]