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Bain rumor sinks Gome's shares

Hong Kong-listed Gome Electrical Appliances Holdings Ltd tumbled by nearly 5 percent, the most in three weeks, following rumors that shareholder Bain Capital LLC intended to reduce its stake. China's second-largest electronics retailer fell 4.69 percent to HK$3.25 (42 US cents), ...

Evergrande gains from small-city strategy

Evergrande Real Estate Group Ltd, one of China's top home sellers, said yesterday net profit more than doubled in the first half of this year as it gained from its strategy of focusing on smaller cities instead of first-tier ones which helped boost its sales. Net income ...

Despondent mood stays

More than half of Chinese home buyers don't expect sales to grow sharply in September and October, the traditional high season for property sales, while more than 44 percent of respondents said they have no plans to clinch any deals during the period, a national survey done by ...

Marriage law ruling may help home sales

In a recent interpretation of China's Marriage Law, the Supreme People's Court ruled that a spouse has no share of ownership of property bought in mortgage by the other spouse before marriage, causing many young Chinese to consider buying property before marriage. In an online ...

China's July lottery sales jump 37.1%

China's July lottery sales rose 37.1 percent year-on-year to 18.2 billion yuan ($2.85 billion), the Ministry of Finance said in a statement on Monday. Of the lottery boom, sales of welfare lottery tickets surged 43.5 percent from a year earlier to 11.26 billion yuan, while sales ...

E-commerce is going mobile

Chinese retailers are paying close attention to the mobile commerce sector in the country's large cities, and experts said the development of mobile commerce will depend on the development of Internet environment in China. Figures from Analysys International, a consulting firm ...

More cities get housing purchase limits

In order to cool down real estate speculation, China is building a database, where information about property ownership will be readily accessible. The database will reveal when people buy several properties in some of these 40 cities. These records will show the money flow from ...

Poly Real Estate posts 72% gain in H1 net profits

Poly Real Estate Group Co., the country's second-largest developer by market value, said on Sunday its first-half net profits surged 71.7 percent year-on-year to 2.8 billion yuan (about 437.5 million U.S. dollars). The company's sales revenue increased 35.1 percent to 15.2 ...

CITS reports 45% rise in H1 net profit

China International Travel Service Corp. Ltd. (CITS), the country's largest travel agency, said Saturday its net profit in the first half surged 44.85 percent year on year to reach 331 million yuan (about 52 million U.S. dollars). The company attributed the profit increase to a ...

In China, Knigge Akademie finds a niche market

Flash Knigge Akademie, an etiquette training company based in Germany, inked a cooperation contract with Beijing Chateau Changyu AFIP Global, a European-style hotel, to offer etiquette training lessons, the latest in a series of push into the world s fastest-growing economies. ...

China to stick to controlling property market

China will continue to implement macro-control policies on its property sector, a senior official said Thursday. "We'll unswervingly stick to controlling the property market without changing the direction or loosening the policies," said Zhang Ping, head of the National ...

German group drawn by China's vehicle ambitions

German logistics service provider BLG Logistics Group officially entered the Chinese market by establishing a local joint venture on Tuesday, saying that it saw a promising future in the world's largest vehicle market. Europe's biggest automobile logistics supplier signed an ...

With men's skin care trend, brands put on a happy face

Turn on your TV set and take a look at Chinese commercials and you will see a number of male movie stars, such as Jackie Chan, Daniel Wu and Takeshi Kaneshiro, are becoming spokesmen for skin care products. "I wear Clinique moisturizing lotion every day after washing my face with ...

Beijing Vantone Real Estate H1 profits up 161%

Beijing Vantone Real Estate Co. posted a 161 percent increase in its first-half profits, boosted by soaring sales in Tianjin. Net profits rose to 7.16 million yuan (1.12 million U.S. dollars), or 0.0059 yuan per share, from 2.75 million yuan, or 0.0023 yuan per share, one year ...

Hot pot restaurant chain to go public

Liu Zhiguang, general manager of Beijing Tianyuanji Food and Beverage Co., is looking to take his chain of hot pot restaurants public, a rare move in China's booming food and beverage industry. Far from a member of the restaurateur elite, Liu could better be described as an ...

Property tightening measures to spread to smaller cities

Central authorities have ordered provincial governments to report their progress in curbing rising property prices and prepare a list of cities where home-purchasing restrictions will be imposed, a Shanghai Securities News report said on Wednesday. Analysts said the new round of ...

Coca-Cola to invest 4 bln USD in China in 3 years

Coca-Cola, the world's top soft drink producer, will pour in another 4 billion U.S. dollars in China from 2012 to 2014, announced its chairman and CEO Muhtar Kent Thursday in Shanghai. "We are excited not only with our achievement in China but we are more excited about the ...

China likely to begin importing more pork

China is expected to import more pork in the future if the domestic price of the country's staple meat continues to rise, experts said. China's consumer price index, an important gauge of inflation, increased 6.5 percent in July above what it had been a year ago, according to the ...

Xiu.com gets funds from VCs to expand

Chinese e-commerce site Xiu.com has secured US$100 million investment from two private-equity firms and the website will use the funds to enhance its distribution in anticipation of business expansion. United States PE firm Warburg Pincus and the China unit of Kleiner Perkins ...

Bright Food to buy Manassen for $516m EV

China's Bright Food Group has agreed to buy Australian branded food business Manassen Foods, giving it an enterprise value (EV) of over A$500 million ($516 million), according to a person with direct knowledge of the matter. Bright Food is buying 75 percent stake in Manassen, ...
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Latest World News

china

China's reform leading group holds first meeting
China's reform leading group holds first meeting
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Merck to put $1.5b in R&D
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Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...

market

finance

Xinhua Feature: World's political, business leaders gather in Davos for WEF
Xinhua Feature: World's political, business leaders gather in Davos for WEF
DAVOS, Switzerland, Jan. 22 (Xinhua) -- The snow-covered Swiss town of ...
China economic reform in focus at World Economic Forum
China economic reform in focus at World Economic Forum
There’s been much talk of China at the World Economic Forum-and a ...
Economist sees world economy strengthening in 2014
Economist sees world economy strengthening in 2014
NEW YORK, Jan. 24 (Xinhua) -- Global economy is likely to gain ...

company

industry

Super car club in commercial drive
Super car club in commercial drive
On the night of Nov 11, more than 150 super cars were driven into the ...
Chinese steelmakers see profits plunge
Chinese steelmakers see profits plunge
China's 77 major steel companies reported an average profit margin of ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...

trade

sports

Stars 'Big Three' fall short of title in 1st year
Stars 'Big Three' fall short of title in 1st year
Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
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 ...
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 ...
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