Alibaba develops logistics platform

2011-05-30 09:22:31

Following the example of 360buy.com and dangdang.com, the leading online shopping websites in China, Alibaba, is building its own logistics platform in partnership with China Post's Zhejiang branch.

Chinese firm starts upgrading roads in Fiji

2011-05-27 17:11:51

A road ground-breaking ceremony was held in Fiji's Sigatoka Valley on Friday with Fijian PRIME Minister Commodore Voreqe Bainimarama drove an excavator to open the Chinese-constructed project of road upgrading for local villages.

Home Inns eyes Shanghai stake

2011-05-27 09:48:08

Home Inns & Hotels Management Inc, China's second-biggest budget hotel operator, is close to an agreement to buy Morgan Stanley's 59 percent stake in Shanghai Motel Management Ltd, according to two people familiar with the matter.

Lenovo to take more share of tablet market

2011-05-27 09:28:01

The Chinese computer maker Lenovo Group said on Thursday that it aims to grasp 20 percent of China's tablet computer market by the end of this year, and plans to launch a series of new devices in the following months.

Rare-earth giant to set up exchange

2011-05-27 09:16:50

Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co Ltd, the world's largest rare-earth producer, will set up the Baotou Rare-Earth Products Exchange to further regulate the market.

China Unicom offers $10 iPhone plan amid rivalry

2011-05-26 10:22:15

China Unicom (Hong Kong) Ltd, the country's second-biggest mobile-phone operator, offered a cheaper iPhone package amid rising competition with larger rival China Mobile Ltd in the world's biggest wireless-phone market.

CICC to buy 35% of Zheshang

2011-05-25 10:35:59

China International Capital Corp (CICC), the nation's top-ranked investment bank last year, is set to become the first domestic securities firm to take control of a trust, said a person with direct knowledge of the matter.

Chinese wind turbine maker signs deals in US

2011-05-24 16:45:34

Xinjiang Goldwind Science and Technology Co Ltd (Goldwind), a leading Chinese wind turbine maker, announced here Tuesday that it had signed deals with four large international component suppliers, including three in the United States.

$1b jumbo deepwater rig delivered to CNOOC

2011-05-23 16:46:13

A 3,000-meter deepwater jumbo oil drilling platform was delivered here Monday to China National Offshore Oil Corp (CNOOC), the country's largest offshore oil producer, the latest step for China as it seeks more energy from the ocean.

Central SOEs' net profit up 18% in first 4 months

2011-05-23 15:53:37

China's state-owned enterprises (SOEs) administered by the central government, or the central SOEs, posted a net profit increase of 18.2 percent year-on-year in the first four months.

Radical reforms at China Eastern

2011-05-23 10:43:36

When he entered the room, Liu Shaoyong, general manager of China Eastern Airlines Group and chairman of China Eastern Airlines Co Ltd, was 10 minutes earlier than he was expected.

Three Gorges vows to rectify financial issues

2011-05-23 09:57:16

China's largest hydropower producer said on Sunday that it will take further steps to rectify financial problems that were uncovered during a recent audit.