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IKEA clamps down on klatch

What started out as a "match-making corner" with free hot coffee at IKEA has gone cold. So many people have been gathering at the Swedish furniture giant's store in Shanghai that the retailer has had to set up a separate area for those who come just for free java and a chat. Free ...

Tasty profit wrapped in moon cakes

Visitors look at a huge moon cake during a moon cake feast in Shenchi, north China's Shanxi Province, Aug. 23, 2011. This year's Mid-Autumn Festival falls on September 12. [Photo/Xinhua] There really is no other reason to explain why the highly seasonal business of buying and ...

Wal-Mart accused of cheating

Customers wait at the customer service desk at a Wal-Mart Store in Beijing, capital of China, Jan. 27, 2011. [Photo/Xinhua] The global retail giant Wal-Mart said on Wednesday that consumers who bought ordinary pork sold as higher-quality pork will get double their money back. ...

Bright Food's takeover nurtures hopes for more buys

Boxes of Bright Food Group Co's dairy drink at a supermarket in Shanghai. [Photo/Bloomberg] China's Bright Food Group Co's acquisition of Manassen Foods has won approval from Australia, a senior executive of the Chinese company said Tuesday, adding that it will scout for more ...

China sales seen growing 30-40% annually for eBay

EBay Inc, operator of the world's largest online marketplace, expects sales from large exporters in China to grow 30 percent to 40 percent annually, taking advantage of China's low-cost manufacturing and eBay's 97 million users worldwide. "Chinese exporters today have a ...

Largest furniture chain caught selling fakes

Red Star Macalline (Red Star), China's largest furniture retail chain, is accused of selling fake furniture. [CFP] Red Star Macalline (Red Star), China's largest furniture retail chain, has been caught selling fake furniture, China Business News (CBN) reported Thursday. A ...

McDonald's seeking a new menu for mainland success

Customers at a McDonald's Corp outlet in Changzhou, Jiangsu province. The restaurant chain is adapting its strategy in China to accommodate changing conditions in the industry.[China Daily] McDonald's Corp, the world's biggest fast-food chain, is tweaking its strategy in China to ...

Tailoring goods to the market

China's remarkable economic achievements of the past decade are transforming people's daily lives. Today, most Chinese have more social occasions and entertainment options than they did 10 or more years ago. Aside from work or study, they enjoy eating out, shopping, traveling, ...

Hot pot restaurant chain to go public

Liu Zhiguang, general manager of Beijing Tianyuanji Food and Beverage Co., is looking to take his chain of hot pot restaurants public, a rare move in China's booming food and beverage industry. Far from a member of the restaurateur elite, Liu could better be described as an ...

Bright Food acquires 75% stake in Manassen Foods

A billboard for Bright Food Group Co Ltd at an exhibition in Shanghai. [Photo/China Daily] China's Bright Food (Group) Co. Ltd signed a strategic partnership agreement with Food Holdings Pty Ltd ("Manassen Foods") on Monday, under which Bright Food will acquire a 75 percent ...

Couples to pay tax to add name to their property

In China's Nanjing, capital of Jiangsu province, a partner in a couple who wants to obtain part ownership of property that had belonged to the other partner before they were married will have to pay a tax. [File photo] Do you want to share the ownership of property that ...

Gaopeng layoff a 'turning point' for group buying

Gaopeng.com, the joint venture between Groupon and Tencent Holdings Ltd, China's largest Internet company by sales, started to close offices and reduce its workforce on Aug 18. The group-buying business in China has reached a turning point and massive reshuffles are due after the ...

Shanghai costliest for office rentals

Workers clean the side of a building in the Lujiazui area in Shanghai. The city has the most expensive prime office rents on China's mainland and is the 11th-most costly in the Asia-Pacific region, an industry report showed yesterday. Shanghai has the most expensive prime office ...

Perfume makers scent good future

A woman carrying an armload of international perfumes and other cosmetic products makes her way toward a cashier at a duty-free shop in Sanya, South China's Hainan province. Foreign fragrance makers control 60 percent of the Chinese perfume market. [China Daily] Xu Yue just ...

Property prices in top cities remain flat

New home prices in three first-tier cities, Beijing, Shanghai and Shenzhen, were the same in July as they were in June, the National Bureau of Statistics (NBS) said on Thursday. Property prices in three first-tier cities - Beijing, Shanghai and Shenzhen - were flat on a monthly ...

Guidelines issued to promote development of logistics industry

In recent years, China's logistics industry has been experiencing consistent growth on the back of fast economic progress and a manufacturing-centered economy. The State Council, or China's Cabinet, on Friday issued new guidelines to promote the healthy development of the country...

China Time-honored Brand Expo 2011 opens

China Time-honored Brand Expo 2011 opened in the Beijing Exhibition Center Friday. A hundred and seventy-seven of China's oldest and most respected brands from Beijing, Tianjin, Shanghai and 13 other provinces, cities and municipalities have gathered in Beijing to promote their ...

China's property market cools in July

In July, some 31 cities out of the statistical pool of 70 major cities saw new home prices decline or remain unchanged from a month earlier, compared with 26 cities in June, the NBS said in a report on its website. In July, some 31 cities out of 70 major cities saw new home ...

Shanghai Pharma looks overseas

Shanghai Pharma hasn't yet allocated the $770 million it raised from its HK$16 billion initial public offering in May and had cash and cash equivalents of 15.8 billion yuan ($2.4 billion) as of June 30, it said on Monday. Shanghai Pharmaceuticals Holding Co, which has almost $2.5 ...

Tunhe, Unilever seek sustainable growth

A tomato processing factory in Changji, Xinjiang Uygur autonomous region. The region's agribusiness sector is seeking more sustainable ways of doing business. [Photo / China Daily] China Oil & Foodstuffs Corp (COFCO) Tunhe Co Ltd said it is working with Unilever (China) Co Ltd to ...
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Latest World News

china

China's reform leading group holds first meeting
China's reform leading group holds first meeting
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Merck to put $1.5b in R&D
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Bill Gates talks nuclear
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market

finance

Xinhua Feature: World's political, business leaders gather in Davos for WEF
Xinhua Feature: World's political, business leaders gather in Davos for WEF
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China economic reform in focus at World Economic Forum
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Economist sees world economy strengthening in 2014
Economist sees world economy strengthening in 2014
NEW YORK, Jan. 24 (Xinhua) -- Global economy is likely to gain ...

company

industry

Super car club in commercial drive
Super car club in commercial drive
On the night of Nov 11, more than 150 super cars were driven into the ...
Chinese steelmakers see profits plunge
Chinese steelmakers see profits plunge
China's 77 major steel companies reported an average profit margin of ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...

trade

sports

Stars 'Big Three' fall short of title in 1st year
Stars 'Big Three' fall short of title in 1st year
Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
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