Drinks tycoon in surprise move

2013-01-10 09:38:57

China's beverage tycoon Zong Qinghou is trying to sell his new venture - an ambitious plan to develop a Chinese version of London's famous store Harrods or Paris' Lafayette.

HNA Group gets revenue of 120b yuan in 2012

2013-01-09 16:58:57

HNA Group, the parent company of Hainan Airlines, generated revenue of more than 120 billion yuan ($19.28 billion) in 2012, Chen Feng, the company's chairman said.

Wuhan Iron and Steel sets up gas JV with China Resources

2013-01-09 16:57:07

Wuhan Iron and Steel (Group) Corp set up a gas joint venture on Tuesday with China Resources (Holdings) Co Ltd, the 21st Century Business Herald reported.

Everbright Bank gets net profit of 23.6b yuan in 2012

2013-01-09 14:42:08

China Everbright Bank said its 2012 net profit was 23.6 billion yuan ($3.8 billion), up 30.74 percent or 5.6 billion yuan year-on-year.

Ping An falls on report of acquisition loan halt

2013-01-09 14:15:42

Ping An Insurance (Group) Co fell by the most in more than five months in Hong Kong trading after a media report that China Development Bank Corp halted acquisition loans.

Barrick Gold ends talks with China firm on African unit

2013-01-09 14:15:23

Barrick Gold Corp, the biggest producer of the precious metal, said it has ended talks with China National Gold Group Corp regarding the sale of its African unit.

Apple CEO makes 2nd visit to China in 10 months

2013-01-09 14:15:06

Apple Inc's Chief Executive Officer Tim Cook paid a visit to China on Tuesday and met Miao Wei, head of the Ministry of Industry and Information Technology.

Coca-Cola asks for probe into fungicide rumor

2013-01-09 11:13:37

Coca-Cola China has filed a police report about recent rumors that its orange juice contains illegal fungicide.

Finnish battery maker builds plant in Tianjin

2013-01-09 10:28:22

Finnish battery maker European Batteries Oy will build a production center in north China's city of Tianjin.

Qingdao to make Saab cars

2013-01-09 10:08:23

Saab's current owner will manufacture Saab brand gasoline-powered vehicles and new energy vehicles in a 10 billion yuan ($1.6 billion) project that started Monday in China's eastern city of Qingdao, Shandong province.

Huawei launches world's biggest smartphone

2013-01-09 10:04:05

Huawei Technologies boosted smartphone with bigger, higher-resolution screen on Monday with two new devices aimed at challenging much bigger rivals.

China Vanke's Dec sales surge

2013-01-09 09:44:21

China Vanke Co, the country's biggest property developer, on Tuesday revealed strong December sales figures.