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Cold-chain giants seek lucrative China market

BEIJING - United States cold-chain logistics giants are stepping up their operations in China to cash in on a fledgling but rosy market that generates $14 billion in revenue a year. Cold-chain logistics is a temperature-controlled storage and distribution network, used primarily ...

Sina Q4 seen soft, microblog monetisation in 2011

SHANGHAI - China's Sina Corp disappointed Wall Street with a soft outlook for its fourth quarter, citing a slowdown in advertising spending for certain categories, sending its US shares lower in after-hours trade. China's largest Internet portal competes with Tencent Holdings and ...

China Southern to be 1st Chinese airline to fly Boeing's 787 Dreamliner

ZHUHAI, Guangdong - China Southern Airlines Company Limited will be the first Chinese airline to use Boeing's 787 Dreamliner, the Chinese airline and the Boeing Company said Wednesday.The two companies made the announcement on the sidelines of Airshow China 2010, which began ...

McDonald's price rise points to inflation pressure

McDonald's Corp has raised menu prices in the Chinese mainland by 0.5 yuan to 1 yuan per item with immediate effect because of rising materials costs as the country grapples with accelerating food prices increases. McDonald's, which has more than 1,000 outlets in China, was ...

Singapore clean energy market gets investment from China

SINGAPORE - China Guangdong Nuclear Power Holding Corporation (CGNPC) announced Tuesday that it will invest S$65 million ($50 million) into an Integrated Solar-Biomass Power Generation Project and a regional headquarters for its solar operations in Singapore.The integrated solar...

TCL sees better sales prospects in Asia

A woman looks at TCL's logo at the company's booth at a TV expo in Beijing.[Photo/China Daily] GUANGZHOU - TCL Corporation, one of China's largest household appliance makers, expects to strengthen its international presence in Asian emerging markets, a region it sees significant ...

Sina launches developer fund for China's Twitter

SHANGHAI - Sina Corp, China's largest Internet portal website, launched on Tuesday a two-billion-yuan ($301 million) fund for developers to create applications for its highly popular Twitter-like microblog, Weibo. Weibo, which was launched about a year ago and has around 50 ...

Aerospace reaches for the stars

Models of Long March rockets displayed at Airshow China in Zhuhai, Guangdong province. [Photo/China Daily] ZHUHAI, Guangdong - China's commercial aerospace sector took a further step toward major-player status in the global market on Tuesday. That came as China Great Wall ...

Uranium capacity will be increased

TIANJIN - China National Nuclear Corp (CNNC), the country's largest operator of atomic power plants, will increase annual overseas uranium capacity to 5,000 tons in 10 years to secure raw material supplies, a company official said Tuesday. CNNC is expanding overseas uranium ...

Asset managers to shake up State-owned firms

BEIJING - Guoxin Asset Management Company, also referred to as China Investment Corporation No 2, may be established before the end of the year, said sources from the State-owned Assets Supervision and Administration Commission (SASAC). New energies to lead copper growth Guoxin ...

Big jet takes off with 100 orders

A Chinese-made J-10 fighter jet, with new markings, is prepared for flight as three J-10 fighter jets get airborne in formation during the China International Aviation and Aerospace Exhibition, which opened on Tuesday in Zhuhai, Guangdong province. [Photo/China Daily] C919 ...

China's mining industry witnesses robust growth, yet uncertainties remain

TIANJIN - China's mining industry has witnessed significant growth in investment and mineral production, yet uncertainties still loom ahead, officials and experts attending the 12th China Mining Conference & Expo said in Tianjin on Tuesday.Beginning in the second quarter of 2009, ...

Adidas to push and price aggressively in China

SHANGHAI - German sports goods company Adidas AG plans to open more than 2,500 stores in smaller Chinese cities by 2015, banking on rising incomes to turnaround its fortunes in the country. Adidas, the world's second-largest sporting goods maker after Nike, struggled in China ...

Gome sees profit jump as possible peace deal looms

Troubled electrical retailer reports 49 percent increase in earnings HONG KONG - Gome Electrical Appliances Holding Ltd, the China retailer seeking to end a dispute with its jailed founder over management control, said profit in the first nine months of the year surged 49 percent...

Games attract big money in sponsorships

GUANGZHOU - China has become a rising sports sponsorship market, thanks to the hosting of the Beijing 2008 Olympic Games and the current Guangzhou Asian Games, said Gyehyun Kwon, vice-president of Samsung Electronics Co Ltd. Companies have developed more interest in supporting ...

8 firms listed on German stock market in 2010

Eight Chinese businesses have launched on Deutsche B rse (German Board) this year, adding the total to 25, China Business News reported Wednesday. Property measures inspection launched Until now, four Chinese businesses were listed on Prime Standard, one on General Standard, five ...

China's Dalian Port raises $857m in Shanghai IPO

SHANGHAI- China's Dalian Port said on Thursday it has priced its Shanghai initial public offering (IPO) at 3.80 yuan a share, in the middle of an indicated range, raising 5.7 billion yuan ($856.9 million). Dalian Port, northern China's biggest port operator, had previously set a ...

RUSAL to buy 33% of Shenzhen North Investments

HONG KONG - United Company RUSAL Ltd said on Wednesday that it plans to buy a 33 percent stake in a Chinese aluminium trader to enhance sales and strengthen its market position in China, the world's largest user of the lightweight metal. RUSAL, the world's top aluminium maker by ...

Foreign firms eye wind power sector

Workers move a Vestas Wind Systems A/S wind turbine blade at the company's factory in Tianjin. [Photo / Bloomberg] Companies eager to increase their market share in nation's rapidly growing industry BEIJING - Governments and companies from around the globe are keen to get a piece ...

Volvo drives ahead in China

A Chinese construction worker in a Volvo AB front-end loader digs in preparation for the construction of a highway near Khunjerab, Pakistan. Volvo's investments in China will expand its production and technology centers in the country. [Photo / Bloomberg] Construction equipment ...
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