After an upgrade, Apple changed the terms of use of its App Store in China and has started accepting Yuan-denominated settlement in the country. At present, Apple's App Store supports Renminbi payments with bank cards and credit cards issued by various Chinese banks, including China Merchants Bank, Industrial and Commercial Bank of China, China Construction [...]

Chinese telecom operator China Mobile has finally published an official announcement, confirming that it will invest CNY39.8 billion to acquire a 20% stake in Shanghai Pudong Development Bank.
China Mobile Guangdong and SPD Bank have signed an agreement, under which China Mobile Guangdong will conditionally acquire the stake for cash consideration of CNY39.8 billion; while SPD [...]