A new business focusing on mobile satellite phones has been jointly launched by China Mobile Satellite Communication Group Ltd, China Telecom Satellite Communications Co Ltd and Thuraya Telecommunications Co.
China Export & Credit Insurance Corporation had received a 20 billion yuan capital injection through Central Huijin Investment Ltd.
LG Electronics plans to withdraw its mobile communication business from China next year, a source near to the issue told China Securities Journal on Wednesday.
Andatee China Marine Fuel Services Corp said that it had received delisting warnings from Nasdaq after it failed to meet requirements in terms of share price and market value.
Inner Mongolia Yili Industrial Group Co Ltd announced plans on Tuesday to produce 47,000 tons of baby milk powder annually in New Zealand.
Daimler AG has created a 50-50 joint venture with BAIC Group, to integrate all its sales activities for imported and locally produced cars.
China Petrochemical Corp, or Sinopec Group, said on Tuesday it had acquired a 49 percent stake in the UK subsidiary of the Canada-based Talisman Energy Inc for $1.5 billion, marking the first direct investment by a Chinese company in the North Sea.
CNPC said Tuesday that its overseas projects produced 86.21 million tons of crude oil and 17.5 billion cubic meters of natural gas as of Dec 17.
Midea Group, a major home appliance maker, is restructuring assets worth over 90 billion yuan ($14.4 billion), according to a statement by Guangdong Midea Electric Appliances Co Ltd, a listed company largely owned by the Midea Group.
An oil-fired power plant in Saudi Arabia built by Power Construction Corporation of China, or Sinohydro, went into operation on Friday.
Chinese dairy producer, Bright Dairy & Food Co Ltd, will increase prices of their dairy products because of rising raw material costs.
Lifan Industry Group Co, a Chinese automaker, plans to spend $3.5 million moving into a new vehicle-assembly plant in Ethiopia next year.