Chinese firm News

A ministry spokesman told AFP the target was to produce 40,000 barrels per day from the southern sector of the East Baghdad field within five years of implementation of the accord.

A Chinese money-lending platform followed a scandalous practice of demanding nude photos of women as collateral for loans, media reported here.

For the first time ever, a firm in China is planning to use a balloon for sending people into space.

A Chinese auto firm said Friday it is buying two foreign companies and their self-driving technologies for more than $1 billion, as the world`s second-largest economy seeks to boost its foothold in the autonomous car market.

Instead of handing out cash to staff, Lianlian, a technology firm, dished out X-rated toys at an office party to mark the Chinese New Year, sun.co.uk reported.

Uninor on Wednesday awarded a Rs 1,200 crore contract to Chinese firm Huawei for modernising and managing its network in the country.

Xiaomi, whose low-priced but feature-rich smartphones have made it the biggest smartphone vendor in China, entered India in July and sells its phones primarily through flash sales on online retailer Flipkart.com.

China`s Xiaomi is raising over $1 billion from investors including Singapore sovereign wealth fund GIC that would value the smartphone maker at over $45 billion, a person familiar with the deal said.

The launch of Tencent`s private bank marks a gradual opening of China`s closely guarded banking sector that is currently dominated by state giants.

Hilton Worldwide Holdings Inc said it would sell its flagship Waldorf Astoria New York hotel to a Chinese insurance company for $1.95 billion, one of the highest prices per room ever paid for a U.S. hotel.

The company said the pace of market expansion will increase with this tie-up as the products will be sold through multiple channels across India.