In a move insiders see as groundwork for new energy vehicles and batteries, the chairman and largest shareholder of automaker Geely has personally invested in the Australian lithium compound company Galaxy Resources.
Shopping malls and office buildings in Shanghai are being urged to close on extremely hot days this summer to save power for residents' use in the midst of a shortage of supply, according to a recent notice issued by the Shanghai Municipal Electric Power Company.
According to a report issued by Nuremberg-headquartered German research firm GFK Group, China's online shopping market reached revenues of 498 billion yuan ($76.88 billion) in 2010, rising by 96 percent over the previous year. Online household appliance sales experienced even faster growth, up by 200 percent to about 80 billion yuan.
Group-purchasing websites have the most potential for advertisers, who are witnessing a boom for their industry on the Internet thanks to the increasing number of netizens and the development of online companies in China, according to a new report.
The fast growth in China's third-generation (3G) cell phone network usage is driving up customer numbers at China Telecom Corp Ltd. It aims to achieve 200 million mobile subscribers by the end of 2014.
With a generous investment of tens of millions of yuan and "an elite editing team" of more than 40 people, mostly borrowed from the corresponding women's publication department, France's Hachette launched its first fashion magazine for men, Elle Men, in China.
According to the company's fiscal year 2010 report, Lenovo's global market share reached a record 10.2 percent, closing the ground on third place Acer's 11 percent. The company's year-on-year growth in sales exceeded that of all the four major vendors.