The Beijing-Shanghai high speed railway is said to be the top railway of China Railway Corp which earned around 23 billion yuan last year with a net profit of 6.6 billion yuan. net asset of the company subsidiary that operates the route amounted to 131 billion yuan by the end of 2015 and its debt [...]
In line of the 13th five year plan period (2016-2020), China is planning to invest around 2.8 trillion yuan for railway construction and building no less than 23,000 kilometers of new rail lines. Called the medium and long term railway network plan, is to further expand the country’s rail network and was approved during the [...]
Uber Technologies announced a new business initiative that focuses in providing ride hailing services to the increasing tourists in China, a move that is grabbing more market share for its local rival Didi Chixing. The US based tech giant will leverage its global presence along with its partners around the world an offer Chinese tourists [...]
The first red eye bullet train that will run from Shanghai to Beijing starts its operations on May 15. According to the Shanghai railway police authority said that the red eye bullet train G8 leaves Shanghai Hongqiao Railway Station by 7 pm and will arrive at the Beijing South Railway Station 11:48 pm. Trains running [...]
Didi the Chinese ride hailing app is looking to ally with local peers abroad to further penetrate its global expansion strategy. According to the company founder, demand for transportation services is different among various markets and local companies are better positioned to meet this demand. As Didi leaves China, the company seeks to share their [...]
The traffic management authority has created specially designed special plates for new energy vehicles to help traffic police differentiate them from standard vehicles. The traffic management bureau which is under the Ministry of Public Security stated that the new plates is green in color compared to the standard blue. The plates will include a Chinese [...]
Additional funds is needed before March for the construction of the Hong Kong section of the Guangzhou-Shenzhen-Hong Kong Express Rail Link. According to Frederick Ma Si-hang the new chairman for the MTR Corporation said that HK$65 billion that is allocated by Hong Kong SAR government will run out by June 2016 and that company needs [...]
Futian Railway Station is said to be the largest underground station in Asia and is scheduled to open before the year ends is running thirteen round trip trains going to Shenzhen North Railway Station from 10 am to 10 pm to test the transport link. The 8 kilometer train ride is free and is 11 [...]
Residents living in Longgang, Pingshan and Guangming new areas will be able to get to downtown Shenzhen in 45 minutes once the fourth phase of the underground railway network will be completed in 2025. The overall plans of the Metro network phase 4 has been mapped out and with an investment of around 320 billion [...]
A new alternative too conventional transportation for Chinese travelers that needs to travel back to their hometown during the Chinese new year to attend family reunions. Didi the Chinese ride hailing app said that people can car pool home during the upcoming Chinese New Year instead of riding overcrowded trains, buses and airplanes. Last Thursday, [...]
© 2018
Shenzhen Standard. All Rights Reserved.
-
Loading ...