Pudong Development Bank revenue rises to $13b

2013-03-14 16:47:21

Shanghai Pudong Development Bank Co Ltd saw its annual revenue grow 22.14 percent year-on-year to 82.95 billion yuan ($13.38 billion) in 2012.

Chinese firm invests big in US natural gas stations

2013-03-14 16:22:37

ENN Group Co Ltd, one of China's largest private companies, is rolling out plans to establish a network of natural gas fueling stations for trucks along US highways.

FAW to invest 7.2b yuan in R&D

2013-03-14 15:57:10

China FAW Group Corporation has said it will invest 7.2 billion yuan ($1.15 billion) in product research and development in 2013.

JAC chairman says quality key to overseas push

2013-03-14 10:10:32

The chairman of Jianghuai Automobile Co Ltd has vowed to continue to raise the quality of its models as it targets more overseas buyers.

UnionPay to widen global issue of single-branded cards

2013-03-14 09:21:24

China UnionPay Co Ltd, the country's largest bank card payment processor, aims to expand the international issue of its single-branded cards, to up the ante on its main cross-border transaction rival, Visa Inc.

Dyson hopes to clean up in China

2013-03-14 09:12:10

It has been more than 40 years since James Dyson, a British innovative inventor and engineer, launched his first home appliance product, a cyclonic vacuum cleaner that would not lose suction as it picked up dirt.

Changan's big push overseas

2013-03-13 16:53:55

Changan is coming out with its response in the form of the Raeton, a mid-end, four-door sedan that will sell for 180,000 yuan in the United States and Europe .

Set up for major photo opportunity

2013-03-13 16:14:12

"Where sourcing artwork to auction is a headache for many companies at the moment, there is no problem finding photographs, as prices keep rising for them."

More going, going, gone in China

2013-03-13 15:43:15

International and Chinese auction houses move on to a bigger canvas

Home Inn reports 26.8m yuan loss for 2012

2013-03-13 15:42:39

NASDAQ-listed budget hotel chain operator Home Inn Group reported a net loss of 26.8 million yuan in 2012, down from a 351.5 million yuan net profit in 2011.

MediaMarkt closes all Chinese stores

2013-03-13 14:10:16

Europe's biggest retailer of consumer electronics, MediaMarkt, has closed all its stores in China. The company had tried to replicate its European success. But it didn't work.

China Everbright Bank to relaunch HK IPO

2013-03-13 14:08:17

China Everbright Bank will resume its initial public offering in Hong Kong by issuing up to 12 billion H-shares, the bank announced Wednesday.