Tag: china


Updates on Alibaba

Alibaba continues to grow as it strengthens its financial reach in regards to the insurance industry. Alibaba Group Holding Ltd. plans to invest 1.2 billion yuan or $188 million into a Chinese unit of Cathay Financial Holding Co. According to an official statement released on Monday Zhejiang Ant Small & Micro Financial Services Group Co. is buying a 60% stake in Cathay Insurance Co. The two companies plan on working together in order to grow and increase cooperation with regards to cloud computing. Read more →


Air Travel to Double by 2035

According to PricewaterhouseCoopers’ annual report the demand for air travel is projected to double in the next 20 years. PwC’s report was based on the current state of the airline industry across the world. Before the demand can be met however, more variables need to fall into place for there to be worldwide success. The airline industry will have to increase production of planes, hiring more employees, increase their entire infrastructure, and deal with the rising and falling prices of fuel. Read more →