Last Updated : GMT 09:40:38
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Saturday 14 June 2025
Last Updated : GMT 09:40:38
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Chinese firm

Hiring not part of Alibaba pledge

Themuslimchronicle, themuslimchronicleHiring not part of Alibaba pledge280314/446
Washington - Muslimchronicle
Alibaba executive vice chairman Joseph Tsai said Tuesday he expects to boost US jobs by expanding the Chinese firm's e-commerce platform -- not by hiring American workers. Tsai, speaking at a California tech conference, made the comments to follow up on a headline-grabbing pledge earlier this year by Alibaba founder Jack Ma and US President Donald Trump that the ChineseRead more

US agrees to ChemChina's $43 bn takeover of Syngenta

Themuslimchronicle, themuslimchronicleUS agrees to ChemChina's $43 bn takeover of Syngenta258753/85
Beijing - AFP
US authorities have agreed to the $43 billion takeover of Swiss pesticide giant Syngenta by state-owned ChemChina, marking the biggest overseas acquisition by a Chinese firm. The move lays the path for what would be the latest in a string of foreign investments by Chinese firms fuelled by Beijing's call for its companies to "go out" and expand. It alsoRead more

SeaWorld to expand in China after investment deal

Themuslimchronicle, themuslimchronicleSeaWorld to expand in China after investment deal255610/188
Beijing - AFP
A Chinese real estate investment firm has announced it has become the largest shareholder in SeaWorld and intends to import the US company's controversial theme parks into China. The Zhonghong Zhuoye group said in a statement released Friday night it will buy a 21 per cent stake in SeaWorld Entertainment, whose shows featuring killer whales have been slammed by animalRead more

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