Through the Vision Fund, SoftBank has made several investments into Chinese mobile transportation platform Didi Chuxing and its United States rival Uber Technologies Inc, and purchased stakes in US chipmaker Nvidia Corp and New York-based shared workspace startup WeWork.
Three former executives of Henan Yuda Real Estate Co, which was controlled by Guo, were convicted on August 4 of fraudulently obtaining loans and bill acceptance of nearly 1.5 billion yuan by registering shell corporations, forging contracts and employing fake investment projects from 2008 to 2015 and two of them were given prison terms in a court in Henan province.
Though avocados only entered the Chinese market several years ago, imports have been soaring. In 2011, China imported 31.8 metric tons of avocados, last year the figure hit 32,100 tons, an increase of more than 1,000 times.
Three special work teams will be dispatched to Sichuan and Guizhou provinces and Chongqing municipality to provide guidance in disaster relief, according to a video teleconference held by the headquarters and the Ministry of Emergency Management.
Though fatal to pigs and not preventable by vaccination, swine fever does not affect humans or other animal species, according to Feng Shuzhang, an animal disease expert from the Chinese Association of Animal Science and Veterinary Medicine.
Three girls aged between 13 and 14 and an 18-year-old man were arrested on Saturday, after one of them was filmed slapping a 13-year-old girl in school uniform at a playground in Aberdeen on Thursday. The video, which has since gone viral, shows five other boys cheering the perpetrator on. The latest incident comes on the heels of similar arrests over summer school holidays.
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Though the EU is temporarily exempt from the tariffs, if the exemption is not continued, its exports would be impaired significantly, it said last week.
Thousands of angry users of bike-sharing giant Ofo have been lining up at its Beijing headquarters over the past few days to seek refunds for deposits paid, as the company faces accusations from netizens and the media that it is dragging its feet on the paybacks.
Tianjin has toughened its restrictions on industrial production while alerts are in effect. For example, under a yellow alert, total industrial emissions will be reduced by 30 percent to clear the air pollution, with production halted at all foundries.
Tian Guoli, chairman of China Construction Bank, said that the larger banks in China used to be overly reliant on scale to gain market dominance. But in the future, the winner will be the bank that can differentiate its services from its competitors.