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A 3D printed Apple logo is seen in front of a displayed stock graph in this illustration taken
China Underground > China News

Apple invests $1 billion in Chinese ride-hailing service Didi Chuxing

(Reuters) – Apple Inc <AAPL.O> said on Thursday it has invested $1 billion in Chinese ride-hailing service Didi Chuxing, a move that Apple Chief Executive Tim Cook said would help the company better understand the critical Chinese market.

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China Underground > China News

Wanda Cinema to take over Legendary Pictures for $5.7 billion

SINGAPORE (Reuters) – Chinese tycoon Wang Jianlin’s Wanda Cinema Line Corp <002739.SZ>, the country’s biggest cinemas operator, said on Thursday it plans to acquire movie-making affiliate Wanda Media for 37.2 billion yuan (4 billion pounds) in cash and shares.

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Faltering Chinese Jewelry Manufacturers Hits Gold Market
China Underground > China News

Faltering Chinese Jewelry Manufacturers Hits Gold Market

With one of the largest economies in the world, it shouldn’t come as any surprise to anyone who follows the gold market that China is a huge influence on this crucial metals market. Recent problems with manufacturers in the country has left many in the trade of jewelry supplies concerned regarding the stability of the gold market in general and the Chinese jewelry trade in particular. Gold leasing in China is big business, with the top four banks in the country holding critical leases. Could gold prices go even lower as a result of this?

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