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Swellfun shares swell on Diageo offer

A salesman promoting Swellfun products to a customer at an exhibition in Beijing. JI GUOQIANG/ CHINA FOTO PRESS SHANGHAI - Shares of premium liquor maker Sichuan Swellfun Co surged by the daily limit in Shanghai trading after Diageo Plc said it plans to buy out the Chinese ...

Dongfang Electric spreading wings abroad

Dongfang Electric Corp employees working at a construction site in Deyang, Sichuan province. The group is planning to shift its focus from being an equipment manufacturer to an investor. LI JINGLU/CHINA FOTO PRESS CHENGDU - Power generator maker Dongfang Electric Corp (DEC) is ...

Minmetals tightens up non-ferrous operations

The company expanded its portfolio by acquiring several domestic and overseas mining assets last year. XIE ZHENGYI/China FOTO PRESS Beijing - The nation's largest metals trader, China Minmetals Corp, will set up a joint venture with its controlled company Hunan Nonferrous Metals ...

Real estate developer Vanke capitalizes on growth

Mao Daqing, vice president of China Vanke Co Ltd. Vanke vows to use environmentally friendly construction methodsBEIJING: China Vanke Co, the country's biggest property developer by market value, said on Monday its 2009 profit rose 32 percent to 5.33 billion yuan ($776 million), ...

Shanda Interactive on the prowl

BEIJING - Shanda Interactive Entertainment Limited, China's second largest online game company, will focus on integrating its different media platforms while looking for possible acquisitions this year, in an effort to strengthen its portfolio. "We will put most of our energy on ...

Snowboard maker surfs for gold

Matrix currently exports snowboards to more than 40 nations and regions. The company's low cost and high quality helped it weather the financial crisis last year while many others saw great drops in sales. Provided to China Daily SHANGHAI - Watching the Winter Olympics from his ...

Railroad operator to float shares

Construction workers building the Nanjing Dashengguan Yangtze River Bridge, part of the Beijing-Shanghai High-Speed Railway project. [China Daily] BEIJING - Railroad operator Beijing-Shanghai High-Speed Railway Co Ltd is planning to raise 30 to 50 billion yuan ($4.4-$7.3 billion) ...

Toyota chief says 'sorry' in damage-control visit

Analysts say trip reflects importance of China market BEIJING: Toyota Motor President Akio Toyoda on Monday apologized to Chinese consumers - who make up the world's biggest auto market - over the company's massive global recall. "The incident had caused worries to Chinese ...

Cathay Pacific to buy Air China Cargo stake

Cathay Pacific Airways Ltd., Hong Kong's largest carrier, will invest 1.7 billion yuan ($249 million) in affiliate Air China Ltd's cargo unit as a global economic rebound revives exports in the Chinese mainland. Cathay will control 49 percent of Air China Cargo, including a stake ...

Bank 'selling stake' to China Mobile

Staff talk behind a temporary counter set up for customer service in front of the Shanghai Pudong Development Bank in Shanghai. The bank may raise about 40 billion yuan through the share sale to boost its capital strength. [Agencies] SHANGHAI: Shanghai Pudong Development Bank, ...

McDonald's to accept rivals' coupons in food fight

A woman takes advantage of the promotion at McDonald's in Beijing yesterday. [China Daily] SHANGHAI: McDonald's on Wednesday allowed coupons issued by its competitors to be used on its McWings or fried chicken wings, stepping up the fierce competition in the country's fast-food ...

Geely sets its sights on Zhongyu

SHANGHAI: The parent company of Geely Automobile Holdings Ltd said Thursday it plans to buy Chinese special vehicle maker Zhejiang Zhongyu Automobile Co as it moves to expand its product portfolio. Zhejiang Geely Holding Group, which is close to a deal to buy Ford Motor Co's ...

China CNR to supply Shanghai subway cars

Trial runs of the Shanghai No 8 Subway line. [China Daily] China CNR Corp, one of the two largest train manufacturers in the country, is expanding its business in the urban rail transit equipment sector, which is expected to generate 900 billion yuan by 2015 - benefiting from a ...

Bad hair day means a bow to customers

Two employees at an Ito Yokado store in Wangjing area bow in front of the staff entrance. Wang Yixuan / for China Daily A branch of Ito Yokado, the Japanese department store, has introduced a "bow punishment" to improve its employees' service, triggering controversial discussions ...

UPS sees strong pick up in Asian business

Workers unload packages at the UPS sorting facility in Illinois, the US. The firm's Asia trade grew strongly in the first quarter. [TIM BOYLE / BLOOMBERG] SHENZHEN - United Parcel Service Inc (UPS), the world's largest package-delivery company, said on Tuesday its Asian business ...

China's ZTE eyes 30% revenue growth

He Shiyou, ZTE corporation's head of cellphones. [Agencies] SHANGHAI - China's No 2 telecommunications equipment maker ZTE Corp expects group revenue to grow by about 30 percent over the next few years, fueled by the rapid rise of its cell phone unit, a senior executive said. ZTE ...

Boiling over with ambition

A branch store of the Spicy Way restaurant in the Chaoyang district.[ Zou Hong / China Daily] Spicy Way impresario sees patrons taking the plunge with Sichuan fish hotpot "Women love makeup while men love eating. I'm a man, so I got involved in the catering industry," Li Jian ...

ChemChina paves road to recovery in Sichuan

New working area at Qingping Mine. [Provided to China Daily] Two years after the Wenchuan earthquake, China National Chemical Corporation's (ChemChina) operations in Sichuan province have made a strong recovery. The company was one of the earliest to start reconstruction after ...

Company expands with port investment

The busy Laizhou port in Shandong province. [Provided to China Daily] Shenzhen Chiwan Wharf Holding, a port unit of China Merchant's Group, have acquired a 40 percent stake in Laizhou port in Shandong province, reflecting its optimism due to the rebound of global trade this year ...

PetroChina inks Qatar LNG deal

A PetroChina employee inspects natural gas purification equipment in Suining, Sichuan province. China will need 200 billion cubic meters of natural gas in 2015. [Zhong Min / for China Daily] BEIJING - PetroChina Co, the country's largest oil and gas producer, has signed an ...
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