Gaopeng layoffs signal shake-out in group buying

2011-08-23 10:39:49

A wave of layoffs at, the Chinese arm of US-based Groupon Inc, signals a dramatic turnaround for a company that just months ago aimed to dominate China's online group-buying market.

Sina to purchase 4% of Tudou

2011-08-23 10:33:23

Sina Corp, China's biggest Internet portal, has entered into an agreement with Tudou Holdings Ltd to buy a 4 percent stake in the country's second-largest online video website.

Long Ping grows larger

2011-08-23 10:00:50

Yuan Long Ping High-Tech Agriculture Co Ltd (Long Ping High-Tech) will invest in a number of processing facilities for corn and rice seeds and pepper products this year.

BofA to maintain stake of at least 5% in CCB

2011-08-23 09:40:51

China Construction Bank Corp (CCB), the world's second-largest lender by market capitalization, said Bank of America Corp (BofA) would continue to hold no less than 5 percent of CCB's shares.

HK shop rents to soar as tourism booms

2011-08-23 11:37:16

The expansion of Abercrombie & Fitch Co and Gap Inc in Hong Kong may help push shop rents in the Central business district up almost 50 percent over the next three years, according to Jones Lang LaSalle Inc.

China attractive FDI destination

2011-08-23 10:06:20

China will remain the most attractive investment destination over the next two years, as world foreign direct investment (FDI) gradually recovers from the global financial downturn.

Taxing times despite new rate

2011-08-23 09:23:14

The State Council in April proposed raising the income tax threshold from 2,000 yuan to 3,000 yuan in a bid to boost consumer spending and ease the tax burden on low-wage earners.

Trade balance possible next year

2011-08-23 09:12:14

China may achieve a trade balance next year, as weakening demand from the US and the EU will hit exports while imports are set to grow, an official from the country's top think tank said.

Chinese economy to grow 9.28% in 2011

2011-08-22 09:01:22

The interest rates in China is assumed to stay stable this year and the money supply M2 grows by 16 percent this year and 17 percent in 2012, respectively.

Perfume makers scent good future

2011-08-22 09:28:40

China is Asia's second-largest cosmetics market, and the eighth in the world, but perfume makers get only a tiny slice of that market because fragrances are not considered a basic necessity in Chinese beauty care.

Shanghai Electric H1 profits jump 15%

2011-08-22 09:27:59

Shanghai Electric Group, one of China's largest mechanical and electrical equipment manufacturers, said Saturday its first-half profits rose 15.31 percent year-on-year.

Gemdale's H1 profit down 61%

2011-08-22 09:21:53

Gemdale Corp, one of China's biggest real estate developers, saw first-half net profit tumble 61 percent year on year to 480 million yuan ($75 million), the China Securities Journal reported.