Troubled talks with African Barrick
2013-01-08 17:03:14
Talks between China National Gold Group Corporation and African Barrick Gold are now in trouble owing to great divergences in taxation and historical issues.
Huishan dairy launches milk powder product
2013-01-08 16:47:37
Liaoning Huishan Dairy Group Co Ltd (Huishan) unveiled its first infant formula milk powder product on Monday in Shenyang, capital of Liaoning province.
BYD gets EU license to sell electric buses
2013-01-08 16:15:32
BYD Co Ltd, a Chinese maker of electric cars and batteries, said that it has received permission from the European Union to sell electric buses in all of bloc's member countries.
Vanke's sales hit 141.2b yuan last year
2013-01-08 15:46:06
China Vanke Co Ltd, the country's largest real estate developer, said its sales last year reached 141.2 billion yuan ($22.7 billion), up 16.2 percent year-on-year.
Volkswagen arm buys Shanghai leasing firm
2013-01-08 14:34:42
Volkswagen New Mobility Services Investment Co Ltd has acquired Shanghai Zhenlang Transportation Equipment Leasing Co and will establish car rental operations in China.
Toyota pushes back plan on million-unit market
2013-01-08 14:34:15
Toyota Motor Corp pushed back plans to make China its next million-unit market until after this year as Asia's biggest carmaker waits for anti-Japan sentiment to subside.
Lenovo about to turn profit from smartphone business
2013-01-08 14:33:31
Lenovo Group Ltd's smartphone business in China is about to turn its first profit, enabling the company to expand margins while funding a handset push into emerging markets.
Carlyle scores its best profit ever with exit from China's CPIC
2013-01-08 14:06:12
Carlyle Group plans to sell its remaining stake in China's third-largest insurer in a deal valued at up to $790 million, marking the US private equity fund's largest gross profit ever from an investment.
Firms chase overseas deals
2013-01-08 13:06:25
Global economic woes have boosted outbound mergers and acquisitions by Chinese companies to a new high in 2012.
Outbound M&A activity on the rise
2013-01-08 13:05:48
Chinese outbound mergers and acquisitions activity is expected to increase this year, partly supported by the continued implementation of the country's 12th Five-Year Plan.
Volkswagen starts car rental business
2013-01-07 21:36:12
Volkswagen New Mobility Services Investment Co Ltd said on Monday that it has successfully acquired the Shanghai Zhenlang Transportation Equipment Leasing Co and will officially establish car rental operations across China.
Baosteel raises steel prices for Feb delivery
2013-01-07 21:11:55
Baoshan Iron and Steel Co Ltd (Baosteel), the nation's largest listed steelmaker, decided to raise the ex-factory price of its major products for February delivery on Monday, amid rising prices of iron ore.