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SCA attracted by China's graying population

SHANGHAI - The Swedish manufacturer of hygiene products Svenska Cellulosa Aktiebolaget (SCA) has opened a new innovation center in Shanghai to expand its penetration in China's fast-growing market for products for an aging population. It is SCA's first innovation center outside ...

Companies abused benefits

BEIJING - A number of State-owned enterprises have been illegally using their employee's benefit funds, the National Audit Office said. According to a report released by the office on Friday, the irregularities were due to improper management at the 17 State-owned enterprises ...

Apple dicusses CDMA iPhone

BEIJING - China Telecom Corp said it is in talks with Apple Inc to offer a CDMA version of the iPhone in the world's largest mobile-phone market by users. "We can't deny our interest," China Telecom Chairman and Chief Executive Officer Wang Xiaochu told reporters after the ...

Severe challenges for China's SMEs

BEIJING - China's small and medium-sized enterprises (SMEs) are facing staggering operational challenges as they are hit by increasing production costs and tight monetary policies, said officials and economists on Thursday. "Their operational situation may be even worse than that ...

Fosun buys in luxury retailer Folli Follie

SHANGHAI - Fosun International, one of the largest privately owned conglomerates in China, further expands its overseas presence by acquiring a 9.5 percent equity stake in Greece-based jewelry and luxury goods retailer Folli Follie Group (FFG). Shanghai-based Fosun International, ...

Apple Plans 4G iPhone with Telco

Apple is willing to develop new iPhones equipped with China Mobile's fourth-generation technology so that the world's most popular smartphone can work better with the telco which boasts the world's biggest user base, China Mobile said Thursday. The telco is in talks with Apple to ...

Chinese corporate law may offer guidance: Scholars

China is new to the world of ruling by law, and many Chinese statutes were derived from other countries, such as France, Germany or the United States. So it may seem impossible to some that China may "export" some of its laws concerning corporate governance to other nations. ...

Air China to start flight between Lhasa and Katmandu

Lhasa -- Air China is expected to start daily international service between Lhasa in the Tibet autonomous region and Katmandu, Nepal on August 1, said an official with the company on Thursday. Air China, the country's flagship carrier, adjusted its service plan by increasing from ...

Shiseido makes up in China

The China sales revenue of Shiseido Co Ltd will increase to more than 10 percent of the Japanese cosmetics company's global business this year. That's despite the March 11 tsunami and nuclear crisis, the company said on Wednesday.

PICC premium income surges

PICC Group, China's second-largest insurance group, saw its premium income standing at 110.1 billion yuan ($16.6 billion) on Monday, exceeding the total for the whole of 2010, the company's management said on Tuesday. "The group's profitability has reached a record high," said ...

Starbucks to increase presence in China by 2015

KUNMING -- Starbucks will continue its expansion in the Chinese mainland market by opening 1,500 new cafes by 2015, said an official from the company on Wednesday at a ribbon-cutting ceremony for a new Starbucks cafe in the city of Kunming in southwest China's Yunnan province. ...

Lanxess acquisitions look for special chemistry

GUANGZHOU - The German specialty chemicals company Lanxess AG is eyeing acquisitions in China, across the entire gamut of business, according to the head of its Chinese division. The interest comes as ongoing urbanization, booming car sales, a massive agricultural sector and ...

Ctrip profits up on higher hotel revenues

NEW YORK - Ctrip.com International Ltd, a Chinese travel service provider, said first-quarter profit increased 23 percent on higher revenues from hotel and flight reservations and tour bookings. On Monday, the Shanghai-based company reported net income of 234.9 million yuan ($35...

Colliers eyes 'residential' growth strategy

ZHONGSHAN, Guangdong - China's recent tightened policy on purchases of residential properties will not affect the sales and leasing business of Colliers International in the country, according to one of the company's top executives. Instead, residential projects will help foster ...

GE launches diagnosis device

GE Healthcare has accelerated expansion in China's rural market with the launch of a portable and mobile phone-sized diagnosis device in Beijing on Wednesday. The mobile device helps doctors to collect and transfer physical information about patients in remote areas and increase ...

Deer Jet gets Airbus plane

Deer Jet Co Ltd of Beijing, the nation's largest provider of chartered plane services, took delivery of the first Airbus Corporate Jetliner in China on Wednesday to increase its ability to meet growing demand in the top-end corporate jet market. Zhang Peng, Deer Jet's vice...

Riverwood, Orient Jiyi on lookout for tech investments

BEIJING - The New York-based investment firm Riverwood Capital Co has just raised $800 million and signed a strategic cooperation agreement with a Chinese counterpart on Tuesday to help grow medium-sized high-tech companies. Nicholas Brathwaite, a founding partner of Riverwood ...

Yahoo Expanding R&D in China

Despite continued friction between itself and its Chinese arm Alibaba, a top Yahoo! official is now suggesting they're planning to expand their R&D operations in China. Chief Product officer Blake Irving is now making that suggestion. Yahoo added more than 100 people last year to ...

Baidu Buys into 360buy.com

Richard Liu, chairman and chief executive officer of 360buy.com, said Baidu's Robin Li invested in his company last year, taking a stake of less than 1 percent. [Photo: China Daily] Related: Beijing Jingdong Sets Sights on $2 Billion U.S. IPO Robin Li, founder and chief executive ...

Airbus to Quicken Production of Single-Aisle A320 Family

The France-based European aircraft maker Airbus announced Wednesday it will increase the production rate of its popular A320 Family of eco-efficient single-aisle aircraft to 42 aircraft per month in the fourth quarter of 2012. Currently 36 A320 aircraft are produced per month and ...
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