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Alibaba scandal may help rivals' business

Alibaba.com Ltd, owner of China's largest online-commerce site, has been the go-to marketplace for Western companies seeking gaskets, garden gnomes and gelatin. Disclosures that its salespeople helped defraud buyers may send business to rivals Google Inc and Global Sources Ltd. ...

Volvo: New home in Chengdu

Volvo Cars Corp, the Swedish automaker acquired by Zhejiang Geely Holding Group Co last year, announced on Feb 25 that it will build its first Chinese plant in the western city of Chengdu and aims to sell 200,000 cars in 2015. "China is the key to the successful future of Volvo", ...

Latest BAIC deal bolsters gearbox tech in own brands

Domestic automaker Beijing Automotive Industry Corp (BAIC) recently announced that it acquired all equipment and core technologies of Weigl Transmission Plant AB, a Swedish gearbox maker, for 31 million euros ($42.8 million). The takeover is BAIC's second overseas purchase ...

Oversupply seen for PV cells starting 2012

Solar cell makers in China, the world's largest exporter in the industry, will find it hard to repeat the robust growth they have enjoyed in recent years as demand in mature markets slows and competition heats up. Though industry analysts still expect bullish demand for this year...

Major meetings may boost key index

SHANGHAI stocks may rise this week as investors anticipate the central government will announce more investment plans to boost economy during the annual legislature conferences to be held from March 3 and 5. Shanghai's key stock index fell 0.7 percent last week. The National ...

Mizuho said keen to buy out units

MIZUHO Financial Group is planning to buy out its brokerage and trust bank units, a source familiar with the matter said on Saturday, in a roughly US$4 billion deal aimed at helping the lender grow beyond sluggish commercial banking business in Japan. Japan's second-largest bank ...

Nokia's tie-up with Microsoft 'bold decision' (3)

Still, before taking flight, Nokia and Microsoft have a long way to flap their wings. Source:Shanghai Daily

Nokia's tie-up with Microsoft 'bold decision' (2)

At least, both PCs and phones can work with Office on Windows. Just imagine it! 2. The performance of Windows Phone 7 I believe many people are turning up their noses at the new partnership because they think the new WP7 system for handsets is just like its predecessor Windows ...

Oversupply seen for PV cells starting 2012

SOLAR cell makers in China, the world's largest exporter in the industry, will find it hard to repeat the robust growth they have enjoyed in recent years as demand in mature markets slows and competition heats up. Though industry analysts still expect bullish demand for this year...

CCB eyes EON Capital

China Construction Bank (CCB) is keen to acquire a stake in Malaysian lender EON Capital Bhd, the Edge weekly newspaper reported Saturday. The nation's No.2 lender may seek Malaysian central bank approval to begin negotiations with EON Capital soon, said the report, citing an ...

Land Rover suit puts bite into trademark dispute

British luxury car maker Land Rover is suing a top trademark watchdog over a trademark dispute with Chinese auto manufacturer Geely, according to a court statement released Friday. The lawsuit against the Trademark Appeal Board under the State Administration for Industry and ...

Malaysian firm turns tin into gold

Royal Selangor, a top Malaysian pewter artifact maker, opened a new retail outlet in China late last week, which has increasingly become a hot destination for luxury products. The new outlet, located at Beijing's China World Shopping Mall, was the second retail store Royal ...

Imported Lexus vehicles dragged into global recall

Toyota China will recall more than 5,000 Lexus vehicles imported into China over potential accelerator-pedal problems, China's quality watchdog said over the weekend. Some 5,202 imported Lexus RX300/350 cars made between February 2003 and July 2006 will be recalled in China due ...

Bookkeeping buoys numbers, but price war looms

'Cutthroat competition' could follow heady sales as govt incentives lapse Car sales in China started off 2011 on a healthy note, with light vehicle sales in January climbing 16 percent over the same month last year to 1.8 million units. The growth was driven by passenger vehicles...

Restrictions slash car sales

Only about 11 percent of those who won rights to car licenses plates through the new lottery system bought cars in Beijing in January, the first month after restrictions were implemented, according to Chi Yifeng, general manager of Beijing Yayuncun Automobile Transaction Market, ...

Citizens start road test of Mini E cars

The pure electric Mini E will hit Beijing for road tests, with the first 15 volunteers given the keys last Tuesday. Volunteers in the five-month road test were selected after competitions beginning last October. They are asked to record daily experiences and statistics on Weibo, ...

New president at Shanghai GM

Shanghai GM, the joint venture between SAIC Motor Corp and General Motors Co, announced on Feb 23 that SAIC vice-president Ye Yongming has been named president of the joint venture. His predecessor Ding Lei left for a post at the Shanghai Zhangjiang (Group) Co Ltd. The 47-year...

New Toyota plant ahead of schedule

The joint venture between FAW Group and Toyota will begin production at its new plant in Changchun several months ahead of schedule, according to recent media reports. The company planned to open the plant in the first half of 2012, but now it is likely to start operation at the ...

Locally made car prices drop slightly

Passenger vehicle prices in January were down 0.2 percent from December and decreased 3.8 percent compared with the same month last year, according to a survey in 36 medium and large-sized cities by the Price Supervision Department of the National Development and Reform ...

Volvo: New home in Chengdu

Volvo Cars Corp, the Swedish automaker acquired by Zhejiang Geely Holding Group Co last year, announced on Feb 25 that it will build its first Chinese plant in the western city of Chengdu and aims to sell 200,000 cars in 2015. "China is the key to the successful future of Volvo", ...
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trade

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