With the start of summer holidays in July, China's box office is expected to set a new record.
Alibaba Health Information Technology Ltd (Ali Health), a healthcare subsidiary of Alibaba Group Holding Ltd, announced it bought full ownership of Guangzhou Wuqiannian Medicine Co Ltd on Wednesday for 16.8 million yuan ($2.5 million), according to a report by techweb.com.cn.
With the long and stiff adjustment of the economic structure, risks of capital chain of enterprises represented by overcapacity industries continue to expose. The quality of credit assets of commercial banks correspondingly deteriorates at faster speed.
The Chinese yuan continued its slide on Wednesday morning after the Chinese central bank fixed the currency at a fresh five and a half year low against the US dollar, while the British pound skidded to a new 31-year low versus the greenback on renewed concerns about the Brexit fallout.
Thirty years ago, crayfish were little more than a nuisance for the rice farmers of eastern and central China, but the invasive species has become big business for one city.
China's Qinghai-Tibet Railway, the world's highest rail system, marked its 10th anniversary on Friday.
"Now You See Me 2" soared to the top of the Chinese box office, earning 287 million yuan (43.1 million U.S. dollars) in its debut weekend, knocking "Warcraft" off the top perch.
China's central bank on Monday pumped 100 billion yuan (15.12 billion U.S. dollars) into the market to provide liquidity.
Britain's decision to leave the European Union will have only a limited effect on China's stock market and will perhaps boost the yuan's status as a global currency, economists told Xinhua.
What does it take to buy one fifth of China's largest property developer and become its single largest shareholder?
LeVR Technology Ltd, the virtual reality arm of Beijing-based technology company LeEcoHoldings Co Ltd, is reported to be undergoing a round of financing worth more than 300million yuan ($45 million).
The Shanghai Disney Resort, which officially opened on Thursday, is expected to surpass the Palace Museum in Beijing as the top spot for visitors in China.
Large shareholders of a number of companies listed in Shanghai and Shenzhen have been reducing their holdings since the beginning of May, according to disclosures to the bourses concerned.
The trial of 26 people, who face charges related to the trafficking of 26 infants, began Wednesday in east China's Zhejiang Province, according to a local court.
In a subtropical Chinese county that once made most of its money from coal mining, a thriving mango business is leading the fight against overcapacity.
It is said that a picture is worth a thousand words. For some college students in China it can be worth a high-interest loan totalling thousands of yuan.
"X-Men: Apocalypse" dominated China's box office in the week ending June 5, earning 387 million yuan (about 58.9 million U.S. dollars) in its opening week.
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