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Carrefour sues Chinese supermarket chain over name

What? Already 160 Carrefour stores in that city? The Paris-based supermarket giant was left in wide-eyed astonishment when it conducted market research in Fuyang city, East China's Anhui province. Carrefour SA has filed a lawsuit against Anhui Jiale Supermarket Chain Co Ltd and ...

Frappuccinos tough sell at supermakets

Chinese drinkers are reluctant to buy Starbucks' new bottled coffee, which the company is planning to get into more supermarkets. The company's Chief Executive Howard Schultz was quoted by the Wall Street Journal Thursday as saying he's "aiming to leverage Starbucks' retail ...

Nike seeks China's lower-tier cities expansion

After more than a decade entering China, Nike has promoted China its biggest market outside of the United States and is seeking to expand its product to lower-tier cities throughout the country, confirmed Charlie Denson, Nike brand manager, on Thursday. Denson was presenting with ...

Home Inns & Hotels sees profits take off

Nasdaq-listed Home Inns & Hotels Management's second-quarter earnings rose 36 percent on the economic recovery and increasing domestic travel. The country's largest economy hotel chain reported revenue of 806.9 million yuan ($119.07 million), an increase of 25.7 percent year-on...

Top Chinese products featured at China Brand Show 2010

Top-quality light manufactured products and consumer goods have been on display at the China Brand Show 2010 held in Las Vegas since Sunday, as part of China's bid to further enhance the profiles of Chinese-made products and promote closer Sino-U.S. trade and economic relations. ...

TNT adds flight

Global express giant TNT Monday added a Boeing 747 freighter to boost its capabilities between China and Europe as it seeks to tap the robust expansion in customer demand in the first half of this year. The Netherlands-based company will offer six flights weekly between Shanghai ...

Surveys show China lavish in luxury gifts

Half of luxury goods purchased by Chinese in 2009 were gifts, according to a survey by global consultant firm McKinsey & Company. "It was the most impressive event in my career as a tour guide," said a CITIC Travel guide of the 1,000-person tour group that visited the U.S. during ...

Ancient Qing Dynasty vase smashes auction record

A 300-year-old vase fetched HK$252.6 million (US$32.5 million) in Hong Kong on Thursday, a world record auction price for Chinese porcelain. The yellow-ground famille-rose double-gourd vase, made during the Qing Dynasty (1644-1911), was among a selection of rare works from four ...

China's vegetable prices up 3.8% during holiday

Wholesale prices of 18 types of vegetables in China's major cities rose 3.8 percent from the previous week during the week-long National holidays that started Oct. 1, the Ministry of Commerce announced Thursday. Supply of daily necessities was adequate and prices of vegetables ...

Golden Week sees higher retail, catering sales

China's National Day holiday, from Oct. 1 to 7, reported 592.5 billion yuan (US$88.30 billion) in retail and catering sales, up 18.7 percent from the same period last year, said the Ministry of Commerce Thursday.

Embattled bookstores look to start new chapter

Book lovers throughout the city must surely be worried about the fate of Beijing's bookstores, which are not only facing fierce competition from online retailers, but the potentially crushing burden of expensive rents. "The bigger and closer the bookstore is to an expensive ...

Cinema chains ready to cash in on movie boom

Rising income in China has been fueling a spike in the number of people going to the movies in the past few years, and industry players are set to cash in on the boom. In the latest signal of growth in the Chinese market, CJ CGV, South Korea's largest multiplex cinema chain, is ...

Winemaker plans overseas buys to tap high demand

Dynasty Fine Wines Group Ltd, partly owned by French liquor giant Remy Cointreau, plans to buy foreign vineyards to produce fine wines on the assumption that burgeoning demand in China will accelerate sales. In its planned first foreign acquisition, the Hong Kong-listed company ...

Jailed tycoon loses battle for Gome

Jailed tycoon Huang Guangyu lost his battle to wrestle back control of Gome Electrical Appliances, China's second largest electronics retailer, in Hong Kong on Tuesday evening. Shareholders voted against replacing Huang's successor and former protege, Chen Xiao, and another top ...

Huang Guangyu responds to voting results

Huang Guangyu, the jailed founder of China's largest appliance retailer GOME, issued a statement Tuesday night responding to the results of a special general meeting. "We are pleased that the General Mandate has been revoked as we believe that it could and would have been used ...

GOME shareholders vote against motion to oust chairman Chen Xiao

China's largest home appliance retailer GOME unveiled results of special shareholders' general meeting in Hong Kong on Tuesday evening, which showed that nearly 52 percent of shareholders voted against the motion to remove current GOME Chairman Chen Xiao. Secretary of GOME Board, ...

Shareholders of GOME to decide fate of chairman

The power struggle in GOME, China's largest home appliance retailer, came to a climax at the company's special shareholders' general meeting held on Tuesday in Hong Kong. Shareholders attending the meeting, held in the Regal Hong Kong Hotel at Causeway Bay, the downtown area, ...

DHL Express set to beef up Chinese presence

Deutsche Post DHL's express division is set to strengthen its market-leading position in China within the next five years as the country presents more opportunities for the logistics sector, said Ken Allen, chief executive officer of DHL Express. "Chinese mainland will continue ...

Holiday Inn hotels tap China's mid segment

A spacious lobby decorated with classy paintings and a signature scent accompanied by soothing music will likely greet visitors and customers alike at the newly-refurbished Holiday Inn at Focus Square in Beijing's Wangjing area. The $1 billion global revamp of the hotel chain is ...

Melamine trade to be on real-name basis

The country has called for enhanced safety of domestic dairy products, with a focus on regulating the production and marketing of melamine to avoid the chemical from entering the food industry. The selling and buying of melamine in the country should be on a real-name basis 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
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
DAVOS, Switzerland, Jan. 22 (Xinhua) -- The snow-covered Swiss town of ...
China economic reform in focus at World Economic Forum
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
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trade

sports

Stars 'Big Three' fall short of title in 1st year
Stars 'Big Three' fall short of title in 1st year
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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
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Chinese NBA player Yao Ming teaches a boy with special needs how to ...
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