Chongqing Brewery Co Ltd, one of China's largest beer makers, said on Monday that Carlsberg Brewery Hong Kong Ltd has launched a partial takeover bid valued at 2.65 billion Danish krone ($461.49 million) for 30.31 percent of the company.
China's richest man, beverage tycoon Zong Qinghou, plans to invest in high-tech projects overseas and will continue buying trips to Europe to expand his newly launched shopping mall businesses in China.
Tmall, a major Chinese online shopping platform, will cooperate with overseas baby formula companies to sell their products to Chinese consumers online, sources with Tmall said.
French cognac producer Camus on Monday denied media reports that its China-bound products had been contaminated by plasticizer, and said cognac was stopped at the Chinese border only because it lacked the required customs documents.
HSBC Holdings Plc sees an even brighter year in China, adding that a hard-landing scenario was erased by the strong bottoming-out of the economy late last year.
7 Days Group Holdings Ltd, a leading Chinese budget hotel chain, said on Friday that it has entered into a definitive agreement to go private.
Vancl (Beijing) Technology Co, an online clothing retailer, said on Monday it will acquire Crucco, a business-to-customer online apparel retailer, with cash and through a share-swap deal.
The sales in China of Japan's largest automaker, Toyota Motor Corp, slumped 45.7 percent year-on-year to 36,300 vehicles in February.
China Investment Corporation, China's sovereign wealth fund, registered a 10.6 percent return ratio on its investments last year.
Alibaba Group Holding Ltd, China's biggest e-commerce company by transaction volume, will likely launch an online credit payment service in some parts of China, Caijin.com.cn reported on Monday.
Porsche Consulting GmbH, a subsidiary of Porsche AG, opened a branch in Shanghai on Thursday, in a bid to tap into China’s consultancy market.
A batch of Shiseido sunscreen imported fromJapantoChinawas found to contain cadmium and has now been destroyed.