Back then, a KFC meal was considered a luxury to most Chinese. With the average monthly wage in China then being 100 yuan, most people only ate the restaurant's about 6-yuan hamburgers and 2.5-yuan fried chicken meals during special occasions. For many of those who grew up in 1990s China, having a m...

BEIJING - Jack Ma, the charismatic head of Alibaba, and Ma Huateng, CEO of Tencent, are locked in a tense race to become the richest person in China and Asia.With market values of more than $300 billion each, Alibaba and Tencent are now China's biggest companies, a stark contrast to just five years ...

Staff members of a Georgia factory view a demonstration of Chinese tea processing techniques. [Photo provided to China Daily]Hangzhou Wanhu Tea is stimulating beverage business across the worldHangzhou Wanhu Tea Co Ltd, which sells the famous Chinese black tea, has expanded its business quickly in G...

Two men chat beside a logo of Alibaba at its headquarters on the outskirts of Hangzhou, Zhejiang province. [Photo/Agencies]China's e-commerce giant Alibaba will invest $1.1 billion in Indonesia's largest online marketplace Tokopedia.Previously, the Jakarta-based e-commerce had completed seven rounds...

The joint venture will manage Marriott's storefront on Fliggy, Alibaba's travel service platform, as well as the hotel chain's Chinese-language digital channels, including Marriott, Starwoodhotels and other corresponding mobile apps. According to a joint statement by the two parties, the venture wil...