Page 42 - நிலை ஓஂட் சொத்துக்கள் மேற்பார்வை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Meituan in the antitrust dock-Eastday

From:ChinaDaily | 2020-12-31 06:59 On-demand service platform faces lawsuit for alleged abuse of market power Meituan, China s largest on-demand service platform handling online food deliveries and restaurant orders, is facing a lawsuit in a Beijing court for alleged abuse of market power, amid China s ongoing scrutiny of key technology sectors, including the internet. The antitrust case, filed by a person surnamed Wang, has been accepted by the Beijing Intellectual Property Court, according to an official court notice. The complainant said that Meituan s decision to temporarily remove Alipay, the payment platform of Alibaba, as a payment option from its main app, was an abuse of its dominant market position.

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China launches SOE mixed-ownership reform fund - People s Daily Online

China launches SOE mixed-ownership reform fund - People s Daily Online
en.people.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.people.cn Daily Mail and Mail on Sunday newspapers.

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Beijing Pushes National Team of State-Owned Enterprises to Drive Industrial Growth

Beijing Pushes National Team of State-Owned Enterprises to Drive Industrial Growth © AFP 2021 / STR Sputnik International https://sputniknews.com/business/202012291081604273-beijing-pushes-national-team-of-state-owned-enterprises-to-drive-industrial-growth/ After China’s state-owned enterprises (SOEs) were the quickest firms to rebound after the country’s COVID-19 related shutdowns earlier this year, Beijing has reconsidered their value in the coming year, especially in light of the self-sufficiency priorities of the new five-year plan. As 2020 draws to a close, China will be the only major nation whose economy did not contract, registering a modest 2% growth. While China was the first nation to experience the COVID-19 outbreak that by March had become a global pandemic, the country’s quick and extensive lockdowns and supporting testing and quarantine measures helped the country to begin to resume some kind of business as usu

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Big-ticket fund set up for SOEs in China

Big-ticket fund set up for SOEs in China By Zhong Nan | China Daily | Updated: 2020-12-30 06:56 Technicians check steel products at a subsidiary of China Baowu Steel Group in Maanshan, Anhui province. [Photo by Luo Jisheng/for China Daily] $30.6b earmarked for mixed-ownership reform, cutting-edge technology China launched a 200 billion yuan ($30.6 billion) fund in Shanghai on Tuesday to facilitate mixed-ownership reform and cutting-edge technology innovation at its State-owned enterprises, according to the country s top State assets regulator. The big-ticket fund aims to sharpen the core competitiveness of SOEs and spur high-quality growth. It will have an initial capital of 70.7 billion yuan, which has been raised from 20 shareholders, including 11 centrally administered SOEs, a private company and an institutional investor, such as China Reform Holdings Corp and China COSCO Shipping Corp. China Chengtong Holdings Group Ltd, a State-owned as

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China to develop national team of state-owned giants, but efficiency concerns linger

China to develop ‘national team’ of state-owned giants, but efficiency concerns linger Frank Tang frank.tang@scmp.com The combined assets of China’s 97 central government-owned enterprises are expected to reach 69 trillion yuan (US$10.5 trillion) in 2020. Photo: Xinhua Chen Derong, the chairman of China Baowu Steel Group, broke into tears last week as he announced the company had produced a record 100 million tonnes of steel this year. It was a dream come true, Chen said, as the Shanghai-based mill surpassed ArcelorMittal, an Indian-Luxembourg multinational, to become the world s largest producer and highest-earning steelmaker. While a government-led consolidation of five major Chinese mills over the past decade was instrumental in Baowu s feat, the company s rise has also highlighted Beijing s plan to develop world-class, innovative state-owned enterprises (SOEs), which have been criticised for inefficiency in the past.

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