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China Eastern sees boost in profits

A China Eastern aircraft with 2010 World Expo signage at Shanghai Hongqiao Airport. The carrier said that profit for the first three months of 2010 amounted to 769.9 million yuan, 18 times more than the same period a year earlier.[CHINA DAILY] SHANGHAI - China Eastern Airlines Co...

L'Occitane to raise funds in IPO

Customers browse beauty products at a L'Occitane store in Hong Kong. Its parent may raise $707 million in an IPO.[Agencies] Hong Kong - L'Occitane Ltd, a French natural-ingredients beauty company, and its parent may raise as much as HK$5.49 billion ($707 million) in an initial ...

Moutai looks to int'l markets

Renowned domestic liquor company Moutai said the drought will not affect production. [China Daily] Whilst many family-based enterprises in drought-stricken Guizhou have had to cease production, one of the country's leading liquor producers based there has managed to source enough ...

Catastrophe insurance in the works

Li Kaifu, a farmer in Yunnan province, inspects dried up seedlings after the drought in the southwest took its toll on his crop. About 30 percent of catastrophe losses in developed nations are covered by insurers, while that figure is below 5 percent in China. [China Daily] ...

PepsiCo banks on sustainable development

BEIJING: Even before calls for energy saving turn a notch louder in China, global food and beverage producer PepsiCo is already leading the way with a green, socially responsible approach in its business operation. Ken Newell, president of PepsiCo China Beverages, said the ...

GE targets community healthcare

BEIJING: GE Healthcare, a leader in the high-end medical devices market, is targeting China's 70,000 community hospitals due to a shift by the central government to focus on grassroots healthcare system. A General Electric Co logo is seen on the side of a Discovery CT750 HD CT ...

Some interesting facts about listed companies' annual reports

Editor's Note: The Chinese mainland-listed companies had released their annual reports by April 30. Chinanews.com.cn has found some interesting facts about these companies. 1. The most generous - Shanxi Guoyang New Energy Shanxi Guoyang New Energy will pay a generous dividend of ...

Microsoft contractors faulted for illegal labor use

This photo, taken on March 16, shows an under-aged laborer taking a nap on the assembly line at a Microsoft contractor factory in Dongguan, Guangdong province.[Agencies] Companies found hiring hundreds of under-aged, unregistered workers, and forcing them to work overtime ...

China Eastern backs SkyTeam partnership

Joining the SkyTeam will help China Eastern Airlines fend off the competition from major rivals and share more resources with other members.[Agencies] SHANGHAI - China Eastern Airlines said on Friday it would sign a memorandum of understanding to join global airline alliance ...

Cut-throat competition leads to Unicom gloom

China's second-largest mobile carrier China Unicom posted a 68 percent plunge in first-quarter net profit, lagging expectations, partly due to costs from adding third-generation service as intense competition continued to pressure its margins. Expenses for the early stages of ...

Gome's sporting goods chain takes a swing at a home run

BEIJING - The prospects for a new sporting goods chain backed by Gome Electrical Appliances do not appear promising, despite ambitious plans to open 100 stores within three years, analysts said on Monday. A salesman adjusts a basketball display in a sporting goods shop in Beijing...

Wal-mart looks for talent on campuses

Wal-mart China CEO Ed Chan launches the Management Trainee Program, together with Clara Wong of Wal-mart and Shi Jin of Tsinghua University in Beijing, April 29. Wal-mart China on Thursday officially launched its 2010-2011 "Management Trainee Program" targeting campus students. ...

Starbucks to take China by storm with instant coffee

BEIJING: Global coffee chain Starbucks Corp is planning to launch instant coffee products in China, a region it believes will be its largest market outside the North America, surpassing Japan. Starbucks VIA Ready Brew instant coffee is offered at a Starbucks coffee shop in ...

Bayer has the remedy for China

BEIJING - Bayer Schering Pharma China, the pharmaceutical subsidiary of Germany-based Bayer Schering Pharma AG, expects to see strong sales growth this year on demand from Chinese patients and new product launches. Chris Lee, head of Bayer Schering Pharma China, said an increase ...

Expo boom looms for hoteliers, travel firms

Tourism-related equities to show buoyant gains when event kicks off BEIJING - Shanghai hotel, catering, transport and retailing shares are expected to gain further momentum during the 2010 World Expo, thanks to the huge number of visitors, analysts said. "The six-month-long expo ...

Anta expects sales boost on new stores

Workers manufacture shoes at an Anta factory in Fujian.[China Daily] HONG KONG - Anta Sports Products Ltd, China's largest maker of athletic shoes, said sales may grow by at least 15 percent this year as it opens more stores. "We expect sales growth to be around 15 to 20 percent, ...

AA route hits air pocket

Cancellation of the American Airlines' flight is expected to delay the carrier's efforts to seize the upper hand in the world's fastest-growing commercial aviation market. [Agencies] Carrier grounds inaugural flight on unavailability of 'viable operating slot' BEIJING - American ...

Coca-Cola to pop the top on 3 new factories in 2010

Muhtar Kent,chief executive officer of Coca-Cola, said the company is not considering any mergers or acquisitions of local companies.[Agencies] BEIJING - Beverage behemoth Coca-Cola has set organic growth as its key expansion strategy in China, with three new factories planned ...

Yamaha strikes the right chords

BEIJING: Growing number of Chinese parents are willing to fork out to introduce music to their children. Zuo Jingming is no exception. Like others, she wants her four-year-old daughter to enjoy and cherish music through learning to play the piano, and has set aside 20,000 yuan (...

Sany Heavy mulls Hong Kong IPO

Company hopes to boost capacity, continue plans for international expansion SHANGHAI: Construction machinery maker Sany Heavy Industry Co Ltd said on Monday it would seek an initial public offering (IPO) in Hong Kong after reporting 59.3 percent year-on-year growth in its net ...
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