U.S. president-elect Donald Trump had a “great meeting” with Alibaba (BABA) executive chairman Jack Ma on Monday, when they were scheduled to discuss plans to create 1 million new U.S. jobs over the next five years. “Jack and I are going to do some great things,” Trump said from Trump Tower in New York City. […]
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US fast-food giant McDonald’s will sell a controlling stake in its China and Hong Kong business for up to $2.08 billion to a consortium including state-owned Citic and the Carlyle Group, it was announced Monday. The deal is part of an international turnaround plan by the Golden Arches as it struggles with sluggish growth at […]
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Time for a long trip along the new silk road. China sent its first freight train to London earlier this week in what is one of the world’s longest train rides. The train left Yiwu West Railway Station in Zhejiang province Sunday and is headed for the British capital. The trip will take two and […]
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A sushi chain boss paid $632,000 for a 466-pound bluefin tuna at auction on Thursday. The 74.2 million yen winning bid for the prized but imperiled species was the second highest ever after a record 155.4 million yen bid in 2013 at the annual New Year auction at the famed Tsukiji market. Kiyomura Corp. owner […]
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