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Amazon Builds 8th Logistics Base in China

[File photo: Xinhua] Amazon.com, Inc., a U.S.-based e-commerce operator, will establish its eighth logistics base in east China's Jiangsu Province, local authorities said Monday. The 100,000-square-meter base is located in the Kunshan Huaqiao Economic Development Zone in the city ...

Warner Music $3 Bln Buyout Could Be Done This Week

It's now being reported that the final buyout bids for Warner Music are due today. The company could be sold by the end of the week. The third round of bids are being led by two competing financial groups, namely Access Industry and a joint bid by Platinum Equity and the Gores ...

Profits of Listed Companies up More than 30 Pct

Net profits of companies listed both in Shanghai and Shenzhen have now climbed more than 30 percent in the fiscal year ending in April. The profits of companies listed in Shanghai have climbed nearly 37 percent from fiscal 2009, earning about 218 billion U.S. dollars. Only 55 of ...

Tata Steel plans more investment in China

BOAO, Hainan - Tata Steel Limited - the world's 10th-largest steel company by production and a subsidiary of Tata Steel Group - will increase investment in China by 5 percent in 2012, as it seeks to maintain market share according to the company's managing director. A man passes ...

Huawei, ZTE trade lawsuits

Legal battlefield moves to Europe as they seek new terrain to boost sales BEIJING - Right before Labor Day, when people are supposed to take a break, two of China's major telecom equipment makers were busy with lawsuits. ZTE Corp's booth at the 2010 PT/Expo Comm China, the ...

Amazon builds 8th logistics base in China

NANJING - Amazon.com, Inc, a US-based e-commerce operator, will establish its eighth logistics base in East China's Jiangsu province, local authorities said Monday. The 100,000-square-meter base is located in the Kunshan Huaqiao Economic Development Zone in the city of Kunshan, ...

Sony Executives Apologizes after Data Leak

Sony executives bowed to apologize on Sunday for a security breach in the company's PlayStation network that caused the loss of personal data of some 77 million accounts on the online service. Head of Sony PlayStation Unit, Kazuo Hirai apologized by saying parts of the service ...

Profits of China's Listed Companies up More than 30 Pct in 2010

Net profits of Chinese companies listed both in Shanghai and Shenzhen climbed more than 30 percent in 2010 from a year earlier, as all companies have released their annual reports till Saturday. Data from the Shanghai Stock Exchange shows that the profits of companies listed in ...

China Shipbuilding Industry sees 2010 net profit up 7.28%

BEIJING - China Shipbuilding Industry Co (CSIC), the country's northern shipbuilding giant, said Saturday that its net profit last year rose 7.28 percent year-on-year to 1.599 billion yuan ($246 million). The shipbuilder said in a statement filed with the Shanghai Stock Exchange ...

Philippines' Ayala to build housing projects in Tianjin

Ayala Land, Inc(ALI), the Philippines' largest real estate company, has started construction on its first Chinese project in the northern city of Tianjin. A foundation-laying ceremony was held Thursday for Sino-Singapore Tianjin Eco-city. The residential complex will be built ...

865,000 GM SUVs Investigated Over Faulty Fuel Gauge Concern

U.S. National Highway Traffic Safety Administration (NHTSA) said Friday on its website that it is investigating inaccurate fuel gauges on 865,000 General Motors Co. SUVs, according to Detnews. The Federal regulator said it had opened a preliminary investigation into 865,000 of ...

Oil giant under new fire for extravagance

Misuse of money brings shame to Sinopec Group BEIJING - A subsidiary of the China Petrochemical Corporation (Sinopec Group) breached the group's internal rules by handing out millions of yuan in bonuses to executives and employees between 2008 and 2010, the Beijing News reported ...

Baidu bullish on future prospects

Baidu Inc's office in Shanghai. The company reported on Wednesday that first-quarter profit more than doubled, beating analysts' estimates as advertising fees surged. [Photo / Agencies] HONG KONG - Baidu Inc, the owner of China's most popular search engine, has "plenty of room" ...

New Oriental slows expansion to fill classrooms

New Oriental Education & Technology Group Inc's booth at a parenting and education exhibition in Beijing. [Photo / China Daily] BEIJING - New Oriental Education & Technology Group Inc, China's largest private-education company by market share, will open fewer schools and focus on ...

AirAsia X aims to swoop on Beijing, Shanghai routes

KUALA LUMPUR - China will become the largest market for the long-haul budget airline AirAsia X, if the Malaysia-based carrier's applications to open routes in Beijing and Shanghai are approved by the governments of both countries. "We are ready to go once we've got approval," ...

Huawei set to boost enterprise business

KUALA LUMPUR - Huawei Technologies Co Ltd, China's biggest telecommunication equipment maker by sales, is set to boost its enterprise and terminal businesses in Malaysia this year, in addition to selling mobile networking equipment in the market. Since entering Malaysia in April ...

Lion Group plans to build malls in big cities

A Parkson Retail Group Ltd shopping mall, owned by Malaysia's Lion Group, in Beijing. The group plans to open 10 to 12 new stores a year in China starting this year. [Photo / Agencies] The company also seeks to penetrate into second- and third-tier cities KUALA LUMPUR - Malaysia...

Hyundai Motor to Create Commercial Vehicle JV in SW China

The Hyundai Motor Company signed a formal agreement on Thursday to create a commercial vehicle joint venture in southwest China's Sichuan Province. Hyundai and its Chinese partner, the Sichuan Nanjun Automotive Group, will each have a 50 percent stake in the joint venture, which ...

Chinese Airlines Brace for EU Limits on Emission

Flying greener became a priority - and potential headache - for Chinese airlines after the country's civil aviation regulator vowed to cut emissions and the European Union decided to include international flights in a carbon cap system that will require them to pay for emissions ...

Hugo Boss sees 2011 growth on China

German fashion house Hugo Boss reported a jump in sales and profits for the start of 2011 and confirmed its outlook for the year on Asian demand for European luxury labels. Hugo Boss, majority-owned by private equity firm Permira, forecast 2011 sales up at least 12 percent and ...
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