| Jack Ma to step down as Alibaba's chairman from 2019 |
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| Jack Ma, founder and chairman of China’s e-commerce giant Alibaba, announced that he will quit his chairmanship a year later through a Monday post on his personal social network, thepaper.cn reported.CEO Daniel Zhang will take over the chairmanship since September 10, 2019 just at the 20th-anniversary mark for Alibaba, said Ma in a letter to all teachers today on China’s National Holiday, Teachers Day on Weibo.He’ll still keep his job as a board |
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| Sinopec's half year profit hits record high |
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On August 27, China Petroleum & Chemical Corporation (“Sinopec Corp.” or "the Company") announced its interim results for the first half of 2018 in Hong Kong. Sinopec’s half year profit jumped to the highest level on record.
In accordance with the International Financial Reporting Standards (IFRS), the Company’s operating profit was 61.6 billion yuan in the first half of 2018, representing an increase of 56.6% year on year. Pro |
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| Sinopec becomes official oil and gas partner of 2022 Olympic and Paral |
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| Signing ceremony of the official oil and gas partners of the Olympic and Paralympic Winter Games Beijing 2022 was held in Beijing on July 20. China Petrochemical Corporation (Sinopec Group) and China National Petroleum Corporation (CNPC) have signed agreements to become official oil and gas partners of 2022 Olympic and Paralympic Winter Games in Beijing, serving as top-tier sponsors of Beijing 2022. |
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