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Outsourcing companies affected by Japan's earthquake

Last weekend was a worrying time for Liu Jun, the president of a major software-outsourcing provider in China. On Sunday, the company's staff were summoned to respond to Friday's massive earthquake and tsunami in Japan. "We have been gearing up to contact our employees in Japan," ...

Chilly Spring cools developers

A chilly wind may blow at this year's Shanghai Spring property exhibition which has seen the number of developers taking part fall by over 75 percent from last year's as the central government's property measures take effect. Forty-five real estate developers showing off about 1...

Wal-Mart apologizes for sales of expired food in Chongqing

Wal-Mart, the world's largest retailer, has apologized for selling expired duck meat in a store in southwest China's Chongqing Municipality. The Yangjiaping store in Jiulongpo District was caught by a local market regulator selling smoked tea ducks using duck meat that had passed ...

E-House reports 4Q and full year 2010 results

E-House (China) Holdings Limited ("E-House" or the "Company") (NYSE: EJ), a leading real estate services company in China, today announced its unaudited financial results for the fiscal quarter and full year ended December 31, 2010. Fourth Quarter 2010 Financial and Operating ...

Jungheinrich expands presence in Asia

Jungheinrich builds up its engagement in Asia. Jungheinrich further increases its activities in China and in all of South East Asia during the coming years. Apart from expanding the direct sales activities in China, developing a dealer network in certain regions is also part of ...

Land ministry issues notice to control housing land prices

The Ministry of Land and Resources (MLR) released a notice on Thursday urging local authorities to control land auction prices in urban areas. The notice required local authorities to take steps to enforce urban housing land regulation and control and resolutely guard against ...

Shanghai Disney first phase to start in June

Shanghai's Disneyland project will be located in a seven square-kilometer (sq km) area northeast of the city that has been designated as a tourist destination, the municipal government said in a statement posted online. The statement said the first phase of the park will cover an ...

Domestic consumers in lap of luxury

China's luxury market is expected to grow at 18 percent annually during the next five years and will take more than 20 percent of the global market by 2015, driven by enthusiasm among the younger generation, an industry report said. Sales of luxury goods grew 16 percent in 2009 ...

Dating websites still find a spot in the heart

Li Chenchen and her boyfriend got married recently after dating for two years. Unlike most Chinese newlyweds, they were neither childhood sweethearts nor college classmates. The 28-year-old Shanghai marketing specialist, concerned about her romantic prospects, registered with an ...

La Maison closes mainland business

A man reads a closure notice at the entrance of La Maison's flagship store on Yishan Road in Shanghai yesterday. La Maison has closed its seven stores in Shanghai and will withdraw from the Chinese mainland market on the heels of the sudden closure of Best Buy and Barbie. La ...

Carrefour strengthens price monitoring to restore image

A customer views the products labeled low price at the Carrefour Guangqumen Store in Beijing, capital of China, Jan. 27, 2011. [Xinhua] French retail giant Carrefour announced on Wednesday the establishment of a "price center" at one of its China stores to improve supervision of ...

GOME Chairman Chen Xiao resigns

China's largest home appliance retailer GOME said late Wednesday that its chairman Chen Xiao has resigned. Zhang Dazhong, the founder of Dazhong Electrical Appliances Co., which was acquired by GOME in 2007, will take over as chairman and non-executive director, the electronics ...

Vanke upbeat on home sales

China Vanke Co, the country's biggest developer by market value, said demand for its homes will withstand government efforts to cool speculation this year after it became the nation's first real estate company to surpass 100 billion yuan ($15.2 billion) in annual sales. "Our ...

Vancl to delay its IPO until late 2012

China's biggest online clothing retailer, Vancl.com, will not consider an initial public offering until the second half of 2012 at the earliest because it wants to focus on growing revenue first, its chief executive said. The company also aims for sales to rise fivefold to about ...

Best Buy sets eye on inland China for growth

Best Buy Co Inc plans to focus on its Jiangsu Five Star Appliance Co Ltd outlets in China. [China Daily] The US consumer electronics retailer Best Buy Co Inc said its China strategy will focus on expanding into inland cities, where consumption is booming and manufacturing groups ...

Express delivery companies suspended

The State Post Bureau has suspended the business of 17 Chinese express delivery companies because they lacked operating permits, according to the bureau's official website. "Customers should be vigilant when using express delivery services," the bureau said on its website on ...

Starbucks brews major expansion plan

Starbucks Coffee International President John Culver poses for the media as he passes a cup of coffee to the first customer at the Solana store in Beijing on Tuesday. [China Daily] Starbucks Corp, the world's largest coffee chain by sales, on Tuesday said it will expand its ...

Mattel: Sorry, doll, it just didn't work

The Barbie shop in downtown Shanghai is closed. [China Daily] Counters selling Barbie dolls in Shanghai are still in operation, but Mattel closed its Barbie concept flagship store in Shanghai on Monday after almost two years of poor performance. Mattel Inc, the world's largest ...

Plan to double postal revenue

A China Post vehicle in Shanghai. The postal sector is aiming to double revenue in the next five years, said Ma Junsheng, the director-general of State Post Bureau. [China Daily] China's postal sector is planning to double its revenues over the next five years, accounting for 0.5 ...

New customers make up L'Oreal sales in China

Millions of new Chinese customers helped to drive up sales for the French cosmetics giant L'Oreal SA. Sales in China in 2010 rose to 9.085 billion yuan ($1.38 billion), an 11.1 percent increase over the previous year, and a double-digit gain for the 10th consecutive year. The ...
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Latest World News

china

China's reform leading group holds first meeting
China's reform leading group holds first meeting
BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...
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 ...
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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