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Starbucks to grow in Yunnan

US coffee chain Starbucks Corporation said it will open its first global coffee bean farm in China's Yunnan province, aiming to deepen its presence in the country, after signing a cooperation agreement with Yunnan government on Friday. US chain hopes to tap potential of province...

Bluestar Adisseo seeks $1.56b in HK IPO

BEIJING - Bluestar Adisseo Nutrition Group, the French animal-nutrition company backed by China National Chemical Corp (ChemChina), is seeking HK$12.08 billion ($1.56 billion) in a Hong Kong initial public offering, according to a term sheet sent to investors. Bluestar Adisseo is ...

Chinese firms make 29 overseas M&As in first half

Chinese enterprises made 29 overseas mergers and acquisitions (M&As) in the first half of 2010, 49 in 2009 and 41 in 2008, according to Accenture, a global management consulting company, China Securities Journal reported Friday. The statistics show that M&As conducted by private ...

Digital Sky Technologies eyes China investment

Russian Internet investment group DST Global may make its next big bet in China as it seeks to diversify beyond the United States, where it has bought sizable stakes in Facebook, Zynga and Groupon, its chief executive said. Yuri Milner told Reuters that DST's decision to make ...

Jolt for online smear activities

BEIJING - Online smear campaigns may find their wings clipped once Beijing introduces a real-name registration system for all Internet users. A senior police officer surnamed Zhang with the network supervision department under the Beijing Municipal Public Security Bureau told ...

PepsiCo builds new plant in C China

ZHENGZHOU - The American food and drinks giant PepsiCo is building a new bottling plant in the central Chinese city of Zhengzhou, amid efforts to expand its market share in the country. Construction on the new plant, the 23rd such facility in China, started Thursday in the ...

Online tour companies see growing market

Tourists enter the Louvre museum in Paris. With a rising middle class and stronger currency exchange, Chinese tourists have been flocking to Europe in increasing numbers, providing a boost to the continent's tourism industry. [Bloomberg] Internet-savvy youth provide growing ...

China's Hebei Steel alliance to add new capacity

Hebei Iron & Steel Group, China's biggest steel maker, has signed an alliance agreement with five domestic steel mills in a move that will boost its production capacity, the China Securities Journal reported on Friday. Real estate sector shows signs of cooling>

China Huaneng may buy GMR's InterGen stake-report

BANGALORE - China Huaneng Group is leading the race to acquire GMR Infrastructure's 50 percent stake in US-based power utility InterGen for about $1.5 billion, two newspapers reported on Friday. The Chinese firm is completing its final due diligence on InterGen's assets and the ...

Dalian Port kicks off pre-marketing for Shanghai IPO

SHANGHAI - Dalian Port plans to kick off pre-marketing for its initial public offering in Shanghai next week after it reduced the size of the offer amid volatile market conditions. MSN China, Sina link up It expects to announce the indicative price range for the IPO by Nov 19 and ...

Alibaba posts record Q3 profit

Chinese online giant Alibaba's employees at an industry exhibition booth in Shanghai. [Photo/China Daily] SHANGHAI - Alibaba.com Ltd, China's largest e-commerce company, posted a record net profit for the third-quarter as revenue from value-added services buffered slowing ...

Gome power struggle may abate

A Gome Electrical Appliances outlet in Beijing. [Photo/China Daily] BEIJING - Gome Electrical Appliances Holdings Ltd, China's second-biggest electronics retailer, has signed an agreement with its major shareholder, Shinning Crown Holdings Inc - owned by Gome's founder Huang ...

MSN China, Sina link up

An advertisement for MSN China at an auto show in Beijing. MSN has teamed up with Chinese Internet portal Sina Corp, allowing Sina users to share their blogs or micro blogs with MSN users. [Photo/ China Daily] BEIJING - Microsoft's MSN China on Thursday signed an agreement with ...

DHL urges greater efficiency for sector

Delivery vans are parked at a DHL sorting facility near Pudong Airport in Shanghai. The logistics company believes that increasing infrastructure investments, reducing administrative costs and establishing logistics standards can lead to greater efficiency in the industry. [Photo...

New Corning facility to boost Chinese presence

SHANGHAI - Glass and ceramics maker Corning Incorporated is building a facility in Shanghai as part of an investment package of more than $900 million in the country. The company's capital expenditure plan, which was announced by its board of directors in July, aims to increase ...

Gap opens first mainland store

The Gap Inc logo is displayed outside a store in New York. The company's first China store is to be opened in Beijing's Joy City shopping mall. [Photo / Agencies] SHANGHAI - US clothing retailer Gap Inc opened its first store in the Chinese mainland on Thursday, the first of its ...

Compromise in sight in Tencent-Qihoo 360 spat

An advertisement for a Tencent online game at an exhibition in Beijing says: "This is not a game, this is a battle." [Photo / China Daily] BEIJING - The high-profile spat between major Chinese Internet companies Tencent Holdings Ltd and Qihoo 360 showed signs of compromise on ...

E-commerce war on the cards

Google China's headquarters in Beijing. Google has been on a hiring spree this year after losing many top engineers and executives. [Photo / Bloomberg] Search giant recruiting more engineers for challenges ahead SHANGHAI - Internet search giant Google Inc has recruited its ...

US companies still want to do business in China

A Minnie Mouse doll is seen at a field in Shanghai, where Shanghai Disneyland will be built. Many US companies have expressed their intention to invest or expand in China, according to a survey by the US-China Business Council. [Photo / China Daily] WASHINGTON / NEW YORK - Many ...

Steelmaker eyes ore stake

Workers test an iron ore treatment facility of Wuhan Steel in Enshi, Hubei province. [Photo / For China Daily] Africa, Brazil and Canada targeted in quest to ease reliance on costly imports BEIJING - Wuhan Iron & Steel Group, China's third-largest steelmaker, is in discussions ...
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