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Making life sweet for Honeywell

Shane Tedjarati, president and chief executive officer, China and India, Honeywell International Inc. [Photo / China Daily] President and CEO for China and India boosted the former's operational value 5-fold in 7 years BEIJING - Fluent in six languages and an avid pilot, Shane ...

TCL enjoys la dolce vita

A TCL booth at an industrial show in Shenzhen. The company signed contracts worth $300 million in Italy on Wednesday. [Photo / China Daily] Rome - TCL Corporation, one of China's consumer electronics giants, signed a series of business contracts worth a total of $300 million with ...

Tencent plans $3b open platforms

Tencent Chairman Pony Ma said at a conference in Beijing that the company now shares about 4 billion yuan of its 2010 annual revenues with partners. [Photo/for China Daily] Ma hopes to attract 100,000 developers and increase collaboration BEIJING - China's largest Internet ...

Rare-earth supplies expected to grow

A rare-earth factory in Jiangxi province. Although China is the world's top rare-earth supplier, it controls only about 36 percent of the world's deposits. [Photo/for China Daily] High prices will prompt overseas firms to explore resources: Experts BEIJING - The world's supply of ...

US firm exports Chinese cutlery

A chopsticks market stall. A factory in the US state of Georgia is producing 2 million chopsticks a day for export to China. [Photo/China Daily] As many as 10m chopsticks will be made in Georgia for sale in Asia markets NEW YORK - For more than 3,000 years, chopsticks have been ...

Alibaba's Ma: Compensation talks ongoing

Jack Ma speaks at a press conference in Hangzhou on June 14, 2011.[Photo/Xinhua] HANGZHOU - Jack Ma, founder and chief executive of Alibaba Group Holding Ltd, said compensation negotiations between the management and Yahoo Inc and Softbank Corp are still going on, and he declined ...

Joint ventures off on a rocky road

Chinese find foreign partners wanting a greater piece of the pie To John Deere, a Fortune 200 American business, the largely untapped Chinese market might have seemed so lucrative that a joint venture with a small Chinese company might not have been enough to satisfy its appetite...

Prada's IPO oversubscribed

A Prada store in Hong Kong. The fashion company is trying to raise up to $2.6 billion through a Hong Kong initial public offering. Provided to China Daily Italian luxury goods maker sees five times demand for public offering HONG KONG - Italian fashion house Prada SpA, which is ...

BNBM Homes plans to establish 10 overseas plants

The booth of Beijing New Building Material (Group) Co Ltd at a housing industry trade show. The company recently won the first round of bidding for a 30-million-yuan ($4.63 million) project for the post-earthquake reconstruction in Japan. [Photo/China Daily] 50 percent of sales ...

AkzoNobel ups R&D in China

AkzoNobel NV headquarters in Amsterdam. The company plans to double its sales in China to $3 billion by 2015 and look for more merger and acquisition opportunities in the country. [Photo/Bloomberg] Dutch company shifts focus from mature to fast-growing markets AMSTERDAM - The ...

Lunch with Warren Buffett sets new record

This is the 12th year Warren Buffett has volunteered to have lunch with the highest bidder of an online auction. [Photo/to China Daily] Winner's name withheld, but some suggest top bid came from China NEW YORK / BEIJING - The winning bidder's willingness to set a record for lunch ...

Promoting standards and managing risk 'a growing industry'

The booth of Det Norske Veritas (DNV) at 2011 Nor-shipping, a global event for the maritime industry, held between May 24 and 27 in Oslo, Norway. [Photo / China Daily] OSLO - Explaining what his company, Det Norske Veritas (DNV), does is a routine part of Tore Hoifodt's work. ...

Discovering a taste for upmarket food

Consumers taste zongzi (rice dumpling) and Champagne at the first Bazaar by Lotus in Shanghai. The retailer provides more than 7,000 products, of which 70 percent are imported, at its 3,200-square-meter venue. [Photo / China Daily] High-end supermarkets specialize in imported and ...

Sales of drink from Taiwan on additive health scare

A Taiwan businessman displays a quality report to visitors at a "Made-in-Taiwan" exhibition in Shenyang, Liaoning province. [Photo / China Daily] BEIJING - China has banned shops and restaurants from selling drinks from Taiwan that contain an additive that has potentially harmful ...

A latter-day tale of three Chinese cities

Tourists shopping for handicraft products in Wuyi, Zhejiang province. China's booming private economy features entrepreneurial spirit as well as regional divergence. [Photo / China Daily] SHANGHAI - In contrast with boomtowns such as restless Wenzhou and flashy Yiwu in prosperous ...

Samsonite cuts size of Hong Kong IPO

Luggage made by Samsonite International SA on display at a store in Hong Kong. The company has cut the maximum size of a Hong Kong initial public offering by 11 percent. [Photo/China Daily] HONG KONG - Samsonite International SA, the luggage maker backed by London-based CVC ...

Schneider buys clean tech company for $650m

A Schneider Electric SA production facility in Tianjin. The company estimated that energy efficiency would represent an incremental market opportunity of $45 billion annually by 2020, with a large portion coming from emerging economies such as China. [Photo / China Daily] PARIS / ...

Gaopeng has a profit margin edge

Gaopeng's webpage magnified. Group-buying websites started springing up in China in March 2010 and the number of operators had jumped to 1,880 by the end of last year. [Photo/China Daily] BEIJING - The Chinese joint venture of Groupon Inc has a gross profit margin higher than the ...

Schneider buys clean tech company for $650m

A Schneider Electric SA production facility in Tianjin. The company estimated that energy efficiency would represent an incremental market opportunity of $45 billion annually by 2020, with a large portion coming from emerging economies such as China. [Photo / China Daily] PARIS / ...

Italy's RDM Group opens first outlet in China

Shoppers pass a billboard advertising a luxury brand in Beijing. The World Luxury Association forecasts China will become the largest luxury-goods market by 2020. [Photo / China Daily] TIANJIN - The Italian luxury real estate developer and fashion retailer RDM Group opened its ...
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Lucrative golf industry lures stiff competition
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