China's richest man sets his sights on foreign projects
2013-03-05 10:51:59
China's richest man, beverage tycoon Zong Qinghou, plans to invest in high-tech projects overseas and will continue buying trips to Europe to expand his newly launched shopping mall businesses in China.
Tmall to sell imported milk powder online
2013-03-05 08:09:06
Tmall, a major Chinese online shopping platform, will cooperate with overseas baby formula companies to sell their products to Chinese consumers online, sources with Tmall said.
Camus says 'cognac not tainted' by plasticizer
2013-03-05 00:17:52
French cognac producer Camus on Monday denied media reports that its China-bound products had been contaminated by plasticizer, and said cognac was stopped at the Chinese border only because it lacked the required customs documents.
HSBC forecasts brighter year in China
2013-03-05 08:08:32
HSBC Holdings Plc sees an even brighter year in China, adding that a hard-landing scenario was erased by the strong bottoming-out of the economy late last year.
Budget hotel chain 7 Days to go private
2013-03-04 16:56:09
7 Days Group Holdings Ltd, a leading Chinese budget hotel chain, said on Friday that it has entered into a definitive agreement to go private.
Vancl acquires online apparel retailer
2013-03-04 16:55:33
Vancl (Beijing) Technology Co, an online clothing retailer, said on Monday it will acquire Crucco, a business-to-customer online apparel retailer, with cash and through a share-swap deal.
Toyota sales in China slumped 45.7% in Feb
2013-03-04 16:32:43
The sales in China of Japan's largest automaker, Toyota Motor Corp, slumped 45.7 percent year-on-year to 36,300 vehicles in February.
CIC saw 10.6% investment return ratio in 2012
2013-03-04 15:55:44
China Investment Corporation, China's sovereign wealth fund, registered a 10.6 percent return ratio on its investments last year.
Alibaba may launch credit payment service for mobile buyers
2013-03-04 15:46:50
Alibaba Group Holding Ltd, China's biggest e-commerce company by transaction volume, will likely launch an online credit payment service in some parts of China, Caijin.com.cn reported on Monday.
Porsche vies for consultancy market share in China
2013-03-04 15:46:10
Porsche Consulting GmbH, a subsidiary of Porsche AG, opened a branch in Shanghai on Thursday, in a bid to tap into China’s consultancy market.
Shiseido sunscreen falls into cadmium crisis
2013-03-04 15:19:14
A batch of Shiseido sunscreen imported fromJapantoChinawas found to contain cadmium and has now been destroyed.
COSCO confident of returning to profitability in 2013
2013-03-04 10:59:14
China Ocean Shipping (Group) Company (COSCO), the country's largest shipping firm which suffered heavy losses in the past two years, is confident of returning to profitability in 2013, its president Ma Zehua said.