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Chinese travellers angry over flight delay slap face and throw food at airline employee

Photographs that reportedly show Chinese passengers beating up a member of an airline’s check-in staff after becoming irritated by flight delay have triggered heated online discussion on the mainland.

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China Cosco Shipping unit forms alliance with three container giants on Asia lanes

China Cosco Shipping Corp, the newly created entity following the merger of China Ocean Shipping (Group) and China Shipping Group in January, has formed an alliance with three of the world’s leading container operators to grab a share of the trade on the shipping lanes connecting Asia.

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"Blockbuster" Monster Hunt's box-office takings more reel than real

Distributor reportedly spent 4 million yuan in conducting "charity screenings" to boost collections as China's movie industry is blamed for fudging sales figures

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Vaccine scandal: parents protest in Chinese capital to demand justice over children's plight

Nearly 70 parents of children injected with suspect vaccines protested outside the health commission in Beijing yesterday morning amid a heavy police presence.

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Hong Kong science/tech graduates in US can now work there 3 years

Hong Kong science students attending American universities can now work in the US for up to three years after completing their studies.

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Luxury sales to tourists at record low in March as Chinese spend 24pc less abroad

Spending on luxury goods by Chinese shoppers abroad fell last month for the first time since such records began in 2010, leading to the worst ever monthly result for the luxury goods industry’s tourist sales, retail tax-refund services company Global Blue says.

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How many times can one flat be used as collateral to raise money in Hong Kong?

The owners of a super-luxury Hong Kong flat that was recently foreclosed had used another flat on the same floor to use as collateral six times to raise money for more investments even as it stopped paying instalment on the first one.

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First large-scale lay-offs at Hong Kong Disneyland strike fear in city’s tourism industry

Hong Kong Disneyland fired an unknown number of staff, including some managers, on Friday, with the theme park only saying the figure was “below 100”.

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McDonald's seeks to sell stores in China and Hong Kong

McDonald’s is targeting private equity firms, including Bain Capital, MBK Partners, TPG Capital Management and Chinese state-backed conglomerate China Resources (Holdings) for its planned sale of 2,800 restaurants in North Asia, people familiar with the matter told Reuters.

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Twitter appoints new Greater China head as number of Chinese advertisers triples

Pioneer microblogging service Twitter has named a new head for its Greater China operations, following a more than 300 per cent growth in the number of its Chinese advertisers the past year.

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New China consumption tax seen as encouraging mainlanders to spend more at home

China domestic department store operators and luxury goods retailers including Golden Eagle, Hengdeli Holdings, Parkson Retail are among the key beneficiaries of China’s new tax regime on overseas purchases, said analysts.

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Beijing trains gun on underground banks to check cash exodus

Beijing will intensify its crackdown on the country’s underground banking system to stem illegal capital outflows, as part of its efforts to keep the financial sector in order.

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Alibaba makes biggest overseas bet with US$1b Lazada deal

Alibaba Group Holding has agreed to buy a controlling stake in Southeast Asian online retailer Lazada Group for about US$1 billion, its biggest deal overseas, as the Chinese e-commerce giant seeks fertile new turf while growth slows at home.

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Hong Kong losing out to Singapore in terms of public financial knowledge

Hong Kong is losing out to Singapore again in terms of the public’s financial knowledge, leading to calls from regulators and others to improve the quality of market and investor education.

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80 per cent of groundwater in China's major river basins is unsafe for humans, study reveals

About 80 per cent of groundwater in the mainland’s major river basins is unsafe for human contact, a survey by the Ministry of Water Resources has found.

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Baidu, Alibaba and Tencent lead charge in China mergers and show no sign of slowing down

When Jack Ma Yun reorganised Alibaba Group into 25 business units back in January 2013 and announced days later his exit as its chief executive, there was no inkling that what would happen next was a pell-mell rush to invest in a fast-expanding global internet market by the e-commerce giant and its two closest rivals in China.

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Hong Kong's membership of Asian Infrastructure Bank to boost city's fund-raising profile

Hong Kong will take a bigger role in the internationalisation of yuan and multi-billion fund raising when the city becomes a member of the Beijing-led Asian Infrastructure Investment Bank this year, Secretary for Financial Services and the Treasury Chan Ka-keung said.