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Taobao.com opens home furnishings showroom

People wait for the opening of Taobao's new mall in Beijing on Friday. The mall is a new excursion into the territory of China's real-world retailers by e-commerce rivals, which are growing so fast some suggest they could become the country's leading retail force. [Photo/China ...

Rio Tinto boosts purchases in China

Mining giant plans procurements worth $1 billion to aid expansion XIANGTAN, Hunan - Rio Tinto Group, the world's third-largest miner by market capitalization, said it will double its procurement of goods in China to reach $1 billion this year, further highlighting long-term ...

Cycle makers eye the high end market

A made-in-Italy bicycle on show at a trade fair in Beijing. Luxury brands of bikes are becoming popular among Chinese consumers. [Photo/China Daily] SHANGHAI - Bicycle manufacturers are keeping a close eye on the high-end market in China after industry experts said the sector is ...

Optical fiber producer lights the way ahead

SHANGHAI - Zhongtian Technology Co Ltd, one of China's leading producers of optical fibers, has become the country's first to successfully develop optical fiber preform (OFP), a material used in the production of optical fibers, by using its own technology. The company has ...

Alibaba develops logistics platform

College graduates wait for job interviews at a service outsourcing talent fair in Nanjing International Exhibition Center in the capital city of East China's Jiangsu province. [Photo/China Daily] Online retailer links up with China Post's Zhejiang branch to grow more SHANGHAI - ...

Lenovo Eyes Larger Tablet Market Share

A billboard advertising Lenovo's LePad tablet in Beijing. Lenovo said high demand for the tablet has resulted in a supply shortage since its debut in China in March. [Photo: China News Service/China Daily] The Chinese computer maker Lenovo Group said on Thursday that it aims to ...

Kweichou Moutai to open five offices abroad

A bottle of vintage Moutai Liquor with an initial biding price of 2.6 million yuan ($397,730), but sold at a price of 8.9 million yuan, is seen at an auction in Guiyang city, capital of Southwest China's Guizhou province, April 10, 2011. [Photo /Asianewsphoto] GUIYANG - Kweichou ...

AB InBev to increase Chinese investment

A billboard advertising Budweiser beer in Shanghai. China consumes about 40 billion liters of beer annually, accounting for nearly one-quarter of the global beer consumption. [Photo / Provided to China Daily] ZIYANG, Sichuan - Anheuser-Busch InBev NV (AB InBev), the world's ...

Yahoo Vows to Clean Alibaba Mess

Attendees pass a Yahoo Inc booth during the 2011 International Consumer Electronics Show at the Las Vegas Convention Center. Yahoo's CEO is trying to clean up the mess left by Alibaba's spinoff of its AliPay unit in China, which is damaging the US company's market value. [Photo: ...

Home Inns eyes Shanghai stake

A Home Inns hotel in Beijing. Home Inns & Hotels Management Inc is set to buy Morgan Stanley's 59 percent stake in Shanghai Motel Management Ltd. [Photo/China Daily] Hotelier may buy Morgan Stanley's budget accommodation holding HONG KONG - Home Inns & Hotels Management Inc, ...

Coffee maker Illy banks on China

A customer chooses coffee at an exhibition in Beijing. Illycaffe SpA will launch three to five new stores in 2012 in big cities. [Photo/China Daily] SHANGHAI - The coffee manufacturer and distributor Illycaffe SpA is banking on Chinese consumers' strong demand for coffee from ...

Wealth funds look at Huaneng IPO

BEIJING - China Investment Corp (CIC) and Temasek Holdings Pte are among key investors who plan to buy a combined $415 million of shares in Huaneng Renewables Corp's initial public offering, according to two people with knowledge of the matter. CIC, the Chinese sovereign wealth ...

Yahoo vows to clean Alibaba mess

Attendees pass a Yahoo Inc booth during the 2011 International Consumer Electronics Show at the Las Vegas Convention Center. Yahoo's CEO is trying to clean up the mess left by Alibaba's spinoff of its AliPay unit in China, which is damaging the US company's market value. [Photo...

Microsoft new R&D headquarters logs on

Microsoft Corp's research and development headquarters for the Asia-Pacific region in Beijing starts operation on May 25, 2011. [Photo / CFP] Microsoft Corp's research and development headquarters for the Asia-Pacific region began operations on Wednesday, people.com.cn reported. ...

Lenovo eyes more tablet market share

A billboard advertising Lenovo's LePad tablet in Beijing. Lenovo said high demand for the tablet has resulted in a supply shortage since its debut in China in March. [Photo/China News Service] BEIJING - The Chinese computer maker Lenovo Group said on Thursday that it aims to ...

Rare-earth giant to set up exchange

Neodymium is displayed at the Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co factory in Baotou, Inner Mongolia. Neodymium and 16 other elements are known as rare-earth metals. [Photo/Agencies] BEIJING - Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co Ltd, the world's largest ...

Hutchison unit enters China's premium infant milk market

A visitor at a dairy product exhibition in Beijing. Hutchison China MediTech Ltd will cooperate with Hain Celestial Group Inc, a leading US natural and organic products company, to tap the Chinese infant formula milk powder market. [Photo / China Daily] BEIJING - Hutchison China ...

Philips elevates China's market status

A Royal Philips Electronics NV booth at an exhibition in Beijing. China has been designated as one of the company's home markets. Philips is encouraging regional markets to learn from the country for faster growth. [Photo / China Daily] The country has become a model for the ...

Unilever raises product prices, news report says

More than one retailer in Guangzhou said they received notice that Unilever PLC will raise the price of their Lux and Hazeline products starting on Tuesday. [Photo / Provided to China Daily] SHANGHAI - Unilever PLC, the world's second-largest consumer goods maker by capitalizatio...

China Unicom offers $10 iPhone plan amid rivalry

The 3G mobile exhibition booth of China Unicom Ltd at a high-tech expo in Beijing. The mobile phone operator offered a cheaper iPhone package amid rising competition. [Photo / China Daily] HONG KONG - China Unicom (Hong Kong) Ltd, the country's second-biggest mobile-phone ...
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