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JD to acquire major stake in Jiangsu Five Star

The online shopping giant has agreed to shell out 1.27 billion yuan for a 46-percent position in the home appliance and electronics retailer.
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Amazon to pull plug on China retail operations: report

Amazon plans to close down its online retail operations that cater to consumers in China in an apparent admission of defeat to local e-commerce rivals.
Tech

Huawei commits US$300m annually to basic S&T research

Chinese tech giant Huawei has announced it will invest US$300 million every year over the next five to ten years for funding research in basic science and technology.
Tech

Intel withdraws from 5G smartphone modem business following Apple-Qualcomm settlement

Intel announced Tuesday its decision to withdraw from 5G smartphone modem business, but will continue to invest in its efforts to build 5G network infrastructure.
Tech

Apple and Qualcomm bury the hatchet in royalties battle

Apple and American microchip manufacturer Qualcomm said Tuesday they have agreed to "dismiss all litigation" against each other worldwide.
Tech

Microsoft issues alert over hacker attacks on some mail users

Microsoft has alerted some of its webmail users of possible hacker attacks that could access their email accounts illegally, according to media reports Saturday.
Tech

China's smartphone shipments down 4.1% in March

China's smartphone shipments fell 4.1 percent year on year in March to 26.94 million units.
Tech

Overtime makes people happy, says Ma

Alibaba founder tells employees that working from 9am to 9pm, 6 days a week is a 'blessing,' as millions complain about a poor work/life balance.
Tech

Business booms on second-hand marketplace

Alibaba Group's platform for pre-owned items, Xianyu, said the total value of goods sold on the site amounted to 100 billion yuan (US$14.7 billion) last year.
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Leading Danish firm sees China as top market

Danfoss, which makes industrial compressors, sees China's rapid modernization overtaking the United States as its major market.
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