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China's Sina Q1 profit soars

Sina Corp, China's largest Internet portal, posted a more than two-fold jump in quarterly profit as strong online ad revenues countered the impact of weakness in its mobile segment. Late last year, China's major wireless operators suspended billing for some third-party wireless ...

Angang to form JV with US mill

BEIJING - Anshan Iron and Steel Group Corp (Angang), China's fourth-largest steelmaker, said on Monday that it has signed a memorandum of understanding (MOU) with US mill Steel Development Company (SDC) to gain a stake in SDC's deformed steel bar plant, making it the first ...

Tingyi profit grows slowest in 3 years on China noodle battles

Tingyi (Cayman Islands) Holding Corp, China's biggest maker of packaged food, posted its slowest first-quarter profit growth in three years as raw material costs rose and competition intensified. Net income in the three months ended in March rose to $102.2 million, or 1.82 cents ...

Ericsson targets new China Mobile contracts

SHANGHAI - Ericsson, the world's largest maker of mobile networking gear, said it expects to maintain its market share in a new round of 3G contracts being tendered by China Mobile, the world's largest mobile carrier. China Mobile, which has more than 500 million subscribers, had ...

Appeals of Rio Tinto case defendants rejected

SHANGHAI - A Shanghai court Monday upheld the convictions and sentences of three men jailed on corruption and commercial espionage charges involving the Rio Tinto mining company. The Higher People's Court of Shanghai rejected the appeals by Wang Yong, Ge Minqiang and Liu Caikui, ...

Alibaba.com hopes for A-share listing

SHANGHAI - Alibaba.com, China's largest e-commerce company, hopes to return to China's domestic A-share market by listing on the planned international board, the Securities Times reported on Monday, quoting the company's chief executive. "Alibaba was considering how to let ...

Ansteel plans to build JV in US

Anshan Iron and Steel Group Corp (Ansteel), a conglomerate based in Anshan, northeast China's Liaoning province, and the Steel Development Company, of the United States, have signed a memorandum of understanding (MOU) on jointly investing in a deformed steel bar manufacturing ...

Goldwind says China regulator approves HK listing

Chinese wind power producer Xinjiang Goldwind Science & Technology Co aid on Monday that China's stock regulator had approved an offering of up to 454.59 million overseas shares, as it prepares for a Hong Kong IPO that could raise up to $1.5 billion. The listing still requires ...

China Qinfa to buy 2 bulk carriers for $69m

HONG KONG - China Qinfa Group, a leading non- State-owned coal trader on China's mainland, said Sunday it had signed shipbuilding contracts to pay $69 million for construction of two 82,000-DWT bulk carriers. In a statement filed to the Hong Kong stock exchange, China Qinfa said ...

Another suicide rocks Foxconn

BEIJING - A 21-year-old employee of Foxconn Technology Group in Shenzhen, Guangdong province, died after falling off a 7-floor dormitory building on Friday night. The alleged suicide was the ninth in a string of similar attempts by employees of the company, leaving seven dead ...

Alibaba says economic woes far from over

SHENZHEN - While China's economy is showing signs of recovery after the worldwide financial crisis, Jack Ma, chairman and chief executive of e-commerce company Alibaba Group, said the end of the financial crisis is yet to come. This year and the next two years will be the ...

One more died in Foxconn

SHENZHEN - A young man died after falling from the top of a seven-floor dormitory building of the Foxconn Technology Group in south China's boom town of Shenzhen Friday night, the company said Saturday. It is the ninth fall by Foxconn employees in five months. Foxconn, a Shenzhen...

Walmart launches 29th direct purchase base for farm produce in China

Walmart has established a fresh egg direct purchase base at Dalian Hongjia Animal Husbandry Co in Dalian, an open coastal city in northeastern China's Liaoning province. The move made the total number of farm produce direct purchase bases Walmart has launched in China to 29. The ...

Convergys considering M&As for China growth

BEIJING - Relationship management company Convergys Corp is considering mergers and acquisitions (M&As) or partnerships with system integrators (SIs) as part of its growth strategy in China. The moves will help Convergys to expand market share in the utilities, telecommunication, ...

Goldman nears deal for AXA's $1b Taikang stake

HONG KONG - An investing arm of Goldman Sachs is in the final stages of an agreement to buy AXA's $1.05 billion stake in Taikang Life, according to sources close to the matter, a deal that could give Goldman a substantial stake in China's No 4 life insurer. A deal would allow ...

Real Gold Mining to acquire two companies

HONG KONG: China's Real Gold Mining Limited (Real Gold), an investment holding company, said it would acquire 100 percent equity interest in Great Future and Yuanyi Mining through its subsidiaries. The Inner Mongolia-based firm said in a statement that it would acquire Great ...

Cnooc, Sinochem said to bid on Statoil Brazil field

Cnooc Ltd, China's biggest offshore energy explorer, and Sinochem Group may separately bid as much as $3 billion for a 40 percent stake in a Brazilian oil field owned by Norway's Statoil ASA, two people with knowledge of the companies' plans said. The stake in the Peregrino field ...

Jidong, CAD Fund team up for cement plant in South Africa

Facility with capacity of 1m tons to be completed within 18 months BEIJING - Cement producer Jidong Development Group and the China-Africa Development (CAD) Fund will set up a more than $200 million cement plant in South Africa's Limpopo province, China's largest investment in ...

Gome to bring back Bain officials

HONG KONG - Gome Electrical Appliances Holdings Ltd, whose founder Huang Guangyu faces bribery charges, reappointed three officials of bondholder Bain Capital LLC to its board after shareholders voted them out, avoiding a penalty payment to Bain. Zhu Jia, Ian Andrew Reynolds and ...

Emerging markets' 3G rush drives Qualcomm growth

BEIJING - US chip maker Qualcomm Inc said on Wednesday that 3G demand from emerging countries, especially China, was the major driving force behind the company's business during the economic downturn. The company also expects more partnerships with Chinese technology manufacturer...
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China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
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Bill Gates talks nuclear
Bill Gates talks nuclear
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China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...

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market

China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
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GM China chairman to retire
GM China chairman to retire
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industry

Minivans rev up sales for GM
Minivans rev up sales for GM
Sales of General Motors and its Chinese ventures accelerated in ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...

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Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...
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