Ping An to boost stake in Shenzhen Development Bank

2011-08-19 09:31:21

Ping An Insurance (Group) Co, China's second-biggest insurer, said it will spend as much as 20 billion yuan ($3.1 billion) to bolster capital at Shenzhen Development Bank Co after first-half profit rose.

Tudou slides 12% after its Nasdaq debut

2011-08-19 09:52:12

Tudou Holdings Ltd tumbled 12 percent in its first day of trading after raising $174 million in a US initial public offering, selling at a discount to larger rival Inc.

China Mobile Q2 profit up 7%

2011-08-19 09:22:52

China Mobile Ltd, the world's biggest phone carrier by users, posted a 7 percent gain in second-quarter profit, aided by rising data traffic from smartphone users downloading games and videos.

Sina to monetize Weibo Web service

2011-08-19 09:14:32

China's biggest Internet portal, Sina Corp, expects to monetize its most popular micro-blogging service, Sina Weibo, in the first half of next year.

Lenovo posts record $5.9b sales revenue

2011-08-19 09:05:35

The technology giant Lenovo Group, the third-largest PC maker by market share, on Thursday reported quarterly sales revenue of $5.9 billion for April through June and pre-tax net profit of $123 million, nearly double compared with the same period last year.

Demand surge driving gas imports

2011-08-19 08:59:03

Swelling domestic demand for natural gas could lift China's foreign-dependency ratio for the less-polluting fuel to as high as 50 percent by 2020.

Property prices in top cities remain flat

2011-08-19 08:55:00

Property prices in three first-tier cities - Beijing, Shanghai and Shenzhen - were flat on a monthly basis in July, the first time this has happened in three years.

'We must boost market confidence'

2011-08-19 08:53:25

China and the United States share a responsibility for boosting global market confidence, Vice-President Xi Jinping said on Thursday, while meeting US Vice-President Joe Biden who is on a trust-building visit.

Toy story shows quality and value can be successful

2011-08-19 09:02:51

Pressure to upgrade products mounts on the Pearl River Delta as returns from low-end manufacturing start drying up, Alexis Hooi and Qiu Quanlin report in Guangzhou.

Tianjin to become the largest grain and cooking oil processing center

2011-08-17 17:49:19

The first stage of a grain oil production hub by the China National Cereals, Oils & Foodstuffs Corporation (COFCO) went on stream in Tianjin recently. 

HSBC opens new branch in southwest China

2011-08-17 15:41:04

HSBC is reinforcing its presence in Southwest China as it opened a new branch in Kunming, the capital city of Yunnan province.

'hiPhone' now a hot commodity on Taobao

2011-08-17 14:21:01

Apple might be shocked to know some Chinese consumers are already enjoying the benefits of its latest flagship product, the iPhone 5, nearly a month before the official launch.