ZTE net profit plummets in 2012

2013-01-21 12:23:21

Net profit at ZTE fell between 2.5 and 2.9 billion yuan ($396.83 to $460.32 million) year-on-year in 2012, the company predicted in a report on Sunday.

Easy on the eye

2013-01-21 11:17:27

Galloping Horse entered the movie sector with an international angle, working with Hollywood film directors.

Dell looking for white knight's buyout

2013-01-21 11:17:04

Dell Inc, the personal-computer maker that lost almost a third of its value last year, is in buyout talks with private-equity firms.

An armchair ride in the office

2013-01-21 11:11:04

China has been going through its coldest winter in nearly 30 years, and many furniture makers, going through a chilly period of their own, may have been consoled in that at least they are not alone.

Hengda gains an edge with Nasdaq listing

2013-01-21 11:09:44

In November 2010, Hengda listed its shares on the Nasdaq under the name China Ceramics Co Ltd. It has since January of that year been traded on the Over-the-Counter Bulletin Board in the United States.

Small firms' last resort for financing

2013-01-21 10:09:56

Many of the small and medium business owners are now increasingly turning to pawnshops, an integral part of China's modern financial landscape.

Huaneng still world's 2nd biggest power producer

2013-01-19 14:33:18

China Huaneng Group, the country's leading power provider, remained the world's second largest producer in terms of installed capacity at the end of last year.

Taikang Life premium income rises 5% in 2012

2013-01-18 16:48:30

Taikang Life Insurance Co Ltd, the country's fourth largest life insurer, saw its premium income rise 5 percent to 75.4 billion yuan ($12.1 billion) in 2012.

China Eastern adding Lunar New Year flights

2013-01-18 16:47:54

To cope with rising demand for air travel over Lunar New Year, China Eastern Airlines Co Ltd is adding 4,550 flights to its schedule from Jan 26 to March 6.

Suning doubled its sales in 2012

2013-01-18 16:21:16

Suning Appliance Co Ltd said last year's sales revenue hit 18 billion yuan, up 211 percent year-on-year, despite the country's slowing economy and lackluster real estate market.

Pangda signs deal with Fuji Heavy to co-run Subaru dealers

2013-01-18 16:20:58

China's largest car dealer Pangda said that it has signed an agreement with Fuji Heavy Industries Ltd to form a sales JV in China, with a total investment of $91.79 million.

ANZ opens branch in Hangzhou

2013-01-18 15:49:49

Australia and New Zealand Banking Group Ltd said on Friday that it opened a branch in Hangzhou, capital of Zhejiang province, as part of the bank's continued expansion in the Yangtze River Delta region.