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Tycoon transfers empire

Macao casino tycoon Stanley Ho has transferred the bulk of his stake in flagship SJM Holdings to relatives, the firm said Monday, the latest in a succession plan at his gaming empire. The 89-year-old billionaire, who has been ill in recent years, transferred all but 100 shares to ...

Tsinghua Tongfang plans to list unit in Hong Kong for expansion

Tongfang Co said Monday that it planned to list its subsidiary Technovator in Hong Kong in the second half of 2011 to fund its international expansion. The move is part of Tsinghua Tongfang's strategy to realise gains in some of its investments made years ago through initial ...

Stuck in traffic and can't get home? Buy a motor home

A Chinese company inked a deal over the weekend to import 30,000 motor homes from the US, according to a report by the Los Angeles Times. Winston Global Energy, a Shenzhen, Guangdong Province-based auto-battery maker, settled on a deal in Chicago Saturday with California-based ...

Beer makers cook up new beverages

The nation's top beer maker China Resources Enterprise Ltd announced Monday that it has agreed to set up a joint venture with Japanese brewer Kirin Holdings Co to explore the non-alcoholic beverage sector in China. The joint venture will produce and distribute non-alcoholic ...

CPNE plans to sell 2.8b shares

China Power New Energy Development (CPNE) said over the weekend it planned to sell 2.8 billion new shares to China Yangtze Power Co, raising HK$2.1 billion ($270 million) to fund power generating projects. In a filing with the Hong Kong bourse, the company said it would issue new ...

Volvo opens new China headquarters

A classic Volvo vehicle is on display at the 8th China (Guangzhou) International Automobile Expo, held in December 2010. Photo: CFP Volvo Car Corp, which is seeking to increase its presence in the Chinese market, will inaugurate its China headquarters in Shanghai today, Ning ...

Carrefour makes its own path in China dim

Jiusan Oil & Fat Co., Ltd. (JOFC), edible soybean oil producer in Harbin, Hei Longjiang Province, has stopped supply to Carrefour in Harbin all-sidely, according to the China Business News Monday. Carrefour, according to a senior official in JOFC, has made a concession to hold ...

Nation passes 1 million mark in yearly patent applications

It took a decade and a half from 1985 to 2000 for China to register its first million patent applications, a figure it easily surpassed last year alone when 1.22 million applications were filed, according to the latest statistics released by the State Intellectual Property Office ...

Huawei wins US injunction over IPR

Huawei Technologies Co has won a temporary injunction against former partner Motorola, which prevents the United States firm from passing intellectual property rights information to Nokia Siemens Networks. The Northern District Court of Illinois has issued a temporary restraining ...

Domestic fans may soon buy iPad 3G

Apple fans will soon be able to buy its iPad 3G tablets in the domestic market because the United States company has received regulatory approval to sell them, sources said Monday. Apple presently sells the Wi-Fi-only iPad in the domestic market while the 3G-equipped iPad is also ...

Download website faces shutdown

Verycd.com is the most popular free downloading website in China. It offers downloads of movie and music, most deemed unauthorized. Many Chinese netizens began complaining on Monday after discovering free download links for their favorite music were suddenly no longer available ...

2 telcos raising stakes in each other

Unicom and Spain-based Telefonica SA will buy US$500 million worth of shares in each other to boost their stakes and raise cooperation between two telecommunications giants in China and Europe, the companies said Monday. Telefonica agreed to increase its stake in China Unicom, ...

Tongfang eyes HK to list unit

Tsinghua Tongfang Co plans to list its subsidiary in Hong Kong in the second half of this year to raise funds to finance its overseas expansion, the Shanghai-listed firm said Monday. Listing the subsidiary, Technovator, which provides automation system and related services, in ...

Software center looks to increase its revenue

China's major software outsourcing base, the city of Dalian in the country's northeastern region, aims to increase revenue from its software industry by 30 percent in 2011. The plan comes amid the central government efforts to continue preferential policies for the software and ...

Lenovo, NEC in talks to combine PC businesses

Lenovo Group is in talks with Japan's NEC Corp for a joint venture in personal computers, two sources with direct knowledge of the matter said, in a deal that would help them take on larger global rivals. The Nikkei business daily said Lenovo planned to take a controlling ...

Shanghai invests in being 'smarter'

Shanghai will become a "smart city" by the end of 2015 as part of the 12th Five Year Plan (2011-2015) through investment in faster broadband and other information technology infrastructure, city officials said at a forum over the weekend. The plan starting this year for local IT ...

iPad 3G said to be released in mainland market soon

Chinese authorities reportedly approved the entry of Apple's iPad 3G tablet computer into the mainland's market, although no official notice was found on relevant departments' official websites Friday. According to the Wall Street Journal, the Bureau of Radio, under China's ...

iPhone craze helps to boost China Unicom

A poster promoting the iPhone 4 at a China Unicom store. The Chinese operator's 3G user-numbers rose sharply partly due to the boost from the popular device made by Apple Inc. [Photo / China Daily] The iPhone craze helped China Unicom attract 140.6 million 3G subscribers in 2010, ...

China's own products dominate online game sales

China's online game industry generated 32.37 billion yuan ($4.9 billion) in sales revenue last year, of which 59.6 percent came from the country's own products. The statistics were released in a report during an ongoing annual conference of China's online game industry, running ...

Apple secretive about its supply chain

Taiwan-based Foxconn, Apple's main supplier on the mainland, was hit by more than a dozen suicides last year that critics blamed on harsh working conditions and a militaristic culture. Chinese environmental groups on Thursday singled out iPhone maker Apple Inc for failing to ...
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Bill Gates talks nuclear
Bill Gates talks nuclear
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China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
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Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
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world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
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Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
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finance

company

Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
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Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
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trade

sports

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 ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...
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