Air China warns on 2011 profit
2011-05-12 13:15:39
Air China Ltd, the country's flag carrier, expects its full-year net profit to fall below the 2010 level, the company's chairman said on Wednesday.
Tencent Q1 net profit up 61%
2011-05-12 11:03:34
Tencent Holdings said on Wednesday its net profit rose 61 percent to 2.87 billion yuan ($442.2 million) for the three months ended March 31, 2011.
Nanshan Aluminum to open US plant
2011-05-12 10:49:45
Shandong Nanshan Aluminum Co Ltd, China's second-largest aluminum products maker, said it will invest $161 million to build an extrusion plant in the United States to further tap into the overseas market.
Marks & Spencer unveils plan for new Shanghai stores
2011-05-11 10:06:23
The British-based apparel and luxury food retailer Marks & Spencer Group Plc (M&S) intends to open more stores in Shanghai to increase its market presence.
BYD gets OK for Shenzhen share sale
2011-05-11 09:34:59
BYD Co Ltd, the Chinese carmaker backed by Warren Buffett, has won regulatory approval for a share sale on the Shenzhen Stock Exchange to fund its expansion in the world's biggest vehicle market.
China Telecom aims for 1m WiFi hotspots
2011-05-11 09:31:59
China Telecom Corp Ltd said on Tuesday that it will raise the number of WiFi hotspots to 1 million by the end of 2012 to meet rising demand for mobile Internet.
Bankrupt airline sues govt agency for questionable grounding
2011-05-10 15:21:03
The parent company of a bankrupt Chinese private airline sued the government's aviation agency on Monday for its allegedly improper grounding of the company's planes, which the company says led to its bankruptcy in the wake of 2008 global financial crisis.
CSR subsidiary to build rail car brake JV
2011-05-10 11:24:28
A subsidiary of CSR Corporation Limited (CSR), China's largest rail vehicle maker, said Monday that it signed an agreement with U.S.-based Wabtec Corporation to establish a joint venture to produce braking systems for rail cars.
Cathay, Air China in cargo venture
2011-05-10 10:41:18
The Hong Kong-based international airline Cathay Pacific Airways Ltd and the Chinese mainland's flag carrier Air China Ltd are tapping into the nation's competitive cargo business with the start of a joint air cargo carrier Friday in Beijing.
Yanzhou Coal bids for Whitehaven
2011-05-10 09:10:49
China's Yanzhou Coal Mining Co, the country's fourth-largest coal producer, has offered more than $3.74 billion to acquire the Australian coal miner Whitehaven Coal Ltd.
Three motives for China's cross-border M&A
Chinese firm to start 2 overseas nonferrous metal projects
2011-05-09 11:24:04
China Nonferrous Metal Mining Co (Group) (CNMC), the country's non-ferrous metal giant, is expecting two of its major overseas projects to begin operation this year, said Luo Tao, general manager of the group.
Chinese Internet firms rush for US IPO
2011-05-09 09:38:33
With two Chinese Internet firms landing the New York Stock Exchange (NYSE) last week and more expected to come, the US capital market is likely to see an IPO boom of Chinese companies in May.