Wang Gang, a backer of Yunmanman and an angel investor in ride-hailing giant Didi Chuxing, is the top candidate to become CEO if the companies merge, officials said, asking not to be identified because the information is private.
November 13, 2017BusinessTechnologyLogistics
China’s Uber-for-Trucks Apps Trade Barbs as Battle Turns Toxic
Harassing phone calls, spam text messages and police investigations — the fight between China’s Uber-for-trucks apps is getting nasty.
October 26, 2017BusinessEquipment
Caterpillar Boosts Its Outlook as the Global Recovery Gains Traction
Caterpillar Inc. is strengthening its forecast for a first annual sales increase in five years, thanks largely to construction in China.
July 25, 2017GovernmentBusiness
IMF Sees US Fading as Global Growth Engine
The world is leaning less on its biggest economy to sustain the global recovery, according to the International Monetary Fund.
July 24, 2017BusinessTechnologyLogisticsTCA
Chinese Delivery Company Gets Approval for Drone Deliveries
Chinese delivery company SF Holding said it has obtained a landmark license from the country’s military authorities to use drones to deliver commercial packages and was conducting the country’s first drone pilot demonstration zone.
July 6, 2017TCA
China Cautions US Against a Trade War
BEIJING — Chinese Premier Li Keqiang cautioned the U.S. against starting a trade war and positioned Beijing as a leading proponent of globalization at a news conference March 15, underscoring the extent to which Donald Trump’s presidency has pushed China into a global leadership role.
March 16, 2017Government
International E-Commerce Will Triple to $900 Billion by 2020, Report Predicts
The total value of online purchases from international retailers is expected to triple to $900 billion by 2020 and result in new opportunities, and challenges, for transportation, logistics and warehousing companies, according to several reports out this month.
February 20, 2017Government
Impact of China's New Silk Road on Shipping Expected to Be Limited
China's ambitious plans to create a modern-day Silk Road by way of building roads and railways abroad are unlikely to change the face of global shipping, industry observers said.
January 26, 2017Government
China's Bold Gambit to Cement Trade With Europe — Along the Ancient Silk Road
From his office on a bend of the Rhine River, freight terminal boss Bernd Putens can see — and hear — the early stirrings of what China calls the New Silk Road.
May 2, 2016GovernmentBusiness
Commercial Vehicle Demand Softens in China, ACT Reports
The pace of China’s economy tapered in the third quarter, leading to a slower rate of growth in truck demand, according to the most recent quarterly China Commercial Vehicle Outlook, published jointly by ACT Research Co. and China’s State Information Center.
December 22, 2014