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Car rentals switch up several gears

Guoxin Vehicle Leasing, a major car-rental company in Hangzhou, the capital city of East China's Zhejiang province. Car leasing in China saw a boom during the three-day Mid-Autumn Festival in September and the seven-day National Day Holiday that started on Oct 1. [China Daily] ...

Alibaba's Jack Ma expresses Yahoo interest

Jack Ma, chairman and CEO of Alibaba Group, said he is very interested in buying all of Yahoo Inc. [File photo] Jack Ma, chairman and CEO of China's Alibaba Group, has said he is "very interested" in buying all of struggling Yahoo Inc. Alibaba spokesperson John Spelich confirmed ...

Coming to a flat screen near you

An advertisement for LG Corp's 3D television outside an electrical appliance retail market in Nanjing, Jiangsu province. [China Daily] Industry experts are predicting a dramatic surge in sales of three-dimension (3D) televisions - up to 6 million units - in China this year. When ...

Nissan to invest 1.4 bln USD in new plant in Brazil

Japan's Nissan Motor Company said on Thursday it had signed an investment deal worth 1.4 billion U.S. dollars to build a new plant in Brazil. The new plant in Resende, a town located west of Rio de Janeiro, is expected to create 2,000 jobs and start operation in the first quarter ...

EU approves acquisition of Skype by Microsoft

Microsofts's buying of Skype is approved by the European Commission on Friday. [CFP] The European Commission on Friday gave the green light to Microsoft's acquisition of voice and video communication provider Skype, thus removing the last hurdle in the process. According to a ...

Steve Jobs passes away

Photo taken on Oct. 5, 2011 shows photo of Steve Jobs on the front page of www.apple.com. Apple Board of Directors announced that co-founder and former Chief Executive Officer Steve Jobs passed away on Wednesday. [Xinhua] Apple co-founder and longtime Chief Executive Officer ...

Timeline: Steve Jobs' career

Steve Jobs poses with the new iPhone 4 during the Apple Worldwide Developers Conference in San Francisco, California on June 7, 2010. [Xinhua/Reuters File Photo] Former chief executive and co-founder of US technology giant Apple Steve Jobs has died, the company says. He was 56. ...

Apple introduces iPhone 4S

Chief Executive Officer Tim Cook introduces Apple's latest mobile device iPhone 4S in Cupertino, California, U.S. Oct. 4, 2011. [Xinhua] Apple Inc. on Tuesday unveils iPhone 4S, the much-anticipated latest generation of iPhone. At the event held at Apple headquarters in Cupertino...

Alibaba 'interested' in buying ailing Yahoo

Jack Ma, founder and CEO of Chinese e-commerce giant Alibaba, is "interested" in buying Yahoo Inc if the opportunity presents itself and has held discussions with other potential buyers about options. Asked whether Alibaba might buy the ailing US-based Internet company, Ma told ...

China's Shaoxing to build global textile hub

China's textile hub, Shaoxing County in Zhejiang Province is planning to build an online sales platform to market the industry worldwide. According to the Shaoxing Entry-Exit Inspection and Quarantine Bureau, China produces more than 70 percent of the world's clothes. About 60 ...

Apple to introduce new iPhone

Apple on Tuesday announced an invitation-only special event featuring iPhone on Oct. 4, 2011. With a simple headline reading "Let's talk iPhone," the invitation said that there will be an "executive presentation at 10 a.m.." This could be the first big product introduction by the ...

VW again raises stakes with record investment

German carmaker Volkswagen Group plans to invest 14 billion euros ($19 billion) from 2012 to 2016 in new production facilities and products at its joint ventures in China. [Photo/China Daily] German carmaker Volkswagen Group has again hiked its planned investment in China as it ...

DHL Expands Service in West, Central China

DHL Global Forwarding delivery vans on a street in Beijing. The company, a unit of Deutsche Post AG, plans to open five new branches and 20 sales offices by 2015 in China. [Photo: Bloomberg] DHL Global Forwarding, the freight unit of Deutsche Post AG, on Sept 20 said it will set ...

Taobao Mall predicts huge rise in transactions

A Taobao Mall Co advertisement in a subway station in Shanghai. The company is allowing other e-commerce websites to establish stores on Taobao Mall to boost scale and increase profit. [China Daily] Taobao Mall Co, China's biggest retail website for businesses to sell to ...

Customer service goes online

A Sina Weibo logo on a wall inside an office building in Shanghai. The development of new media has forced companies to recognize their customer services should not be limited to stores or call centers, but should also expand online. [China Daily] Imagine this: You post a micro ...

Car makers pushed to build abroad

China-made cars for export at a port in Pudong district, Shanghai. Chinese auto exports to Brazil may be hit by a new tax increase from the Brazilian government.[China Daily] Brazil's import substitution policy in the vehicle sector will put pressure on Chinese auto exports, but ...

Even with market slowing, Shanghai VW powers ahead

Since hitting the market in mid-April, the latest generation Passat registered sales of more than 32,000 units. [China Daily] Shanghai Volkswagen, the joint venture between SAIC Motor Corp and German automaker Volkswagen Group, reported a 14.4 percent increase in sales between ...

China Telecom poised to sell iPhone 5

China Telecom may be the first mobile operater to sell iPhone 5 in China. [CFP] China Telecom, China's second-largest mobile operator in terms of user numbers, will be the first mobile carrier to sell the iPhone 5 in China, the Beijing News reported Tuesday. China Telecom stores ...

Groupon resumes IPO

Groupon restarts its postponed IPO despite of a weak market. [CFP] Amid continuing global market turmoil, social group buying site Groupon aims to get its postponed initial public offering (IPO) back on track and is expected to go public in late October or early November, a ...

Automakers feel chill as growth slows

BYD Co cited the end of tax breaks for small cars and tougher competition for a decline in vehicle sales for 11 straight months through June. [Photo/China Daily] China's passenger vehicle sales continued to cool in August from a two-year boom spurred by government incentives, ...
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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
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...

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
The Number One Document also proposed a new pricing plan for China's ...
Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...

finance

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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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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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