Youku, Tudou ink video-swap agreement
2010-02-04 10:19:38
Two major video-sharing websites reached an unusual deal yesterday, agreeing to share a portion of their video libraries with each other, as part of an effort to fend off new competition from new market players.
Poly Real Estate reports 57% profit surge in 2009
2010-02-03 23:59:54
Poly Real Estate Group Co Ltd, China's second largest property developer by market value, said Wednesday its 2009 net profit jumped 57.19 percent from a year ago to 3.519 billion yuan ($515 million).
CIMC buys stake in drilling platform designer
2010-02-03 08:04:55
China International Marine Containers (Group) Co (CIMC), the biggest container provider in China, will purchase a 75 percent stake in Friede Goldman United (F&G) from Russia's MNP Group for $75 million to strengthen its marine engineering sector, the company said yesterday.
Yuguang plans new smelting lines, capacity expansion
2010-02-03 08:03:52
Lead producer Henan Yuguang Gold & Lead Co Ltd (Yuguang), is expanding its output and launching two new smelting lines in China this year to capitalize on the global price rally for the metal.
Comac expects 100 C919 orders
2010-02-03 08:03:52
Commercial Aircraft Corp of China (Comac), maker of the nation's first narrow-body passenger plane, the C919, aims to win around 100 orders for the aircraft by the year-end as it challenges Boeing Co and Airbus SAS.
Disney strike ends
2010-02-03 07:56:28
More than 100 striking workers of a sporting goods manufacturing factory, linked with the Walt Disney Company, returned to work after reaching a preliminary agreement with their employer in Dongguan, Guangdong province, yesterday.
Ping An premium income up in 2009
2010-02-02 17:09:58
Ping An Insurance (Group) Co of China, the country's second-largest insurer, saw its life and non-life insurance premium income grew 31 percent and 44 percent in 2009, thanks to a better supporting platform and innovative services, the company's top management said today.
CIMC to acquire 75% stake in F&G
2010-02-02 13:54:56
China International Marine Containers (Group) Ltd (CIMC) said Tuesday it would acquire a 75-percent stake in Friede & Goldman United (F&G), a US-based naval architecture and marine engineering firm for the offshore drilling market.
Parents infusing funds worth 4.6b yuan in New Century
2010-02-02 08:06:07
China Shenhua Energy Co Ltd, the nation's largest coal producer, and China Shipping Development Co Ltd will jointly invest 4.6 billion yuan over the next four years in a shipping venture.
Complant to build potash plant in Congo
2010-02-02 08:06:07
China National Complete Plant Import & Export Corp Ltd (Complant) and Canadian miner MagIndustries Corp have agreed to jointly build a potash fertilizer plant in the Republic of Congo, which may ease Chinese demand for the product.
Flat screen firm buys Japanese equipment
2010-02-02 08:06:07
Nikon Corp said yesterday it won its first Chinese supply order for flat-panel-making equipment as demand for the thin screens surges in the country.
Sinosteel launches sustainability report
2010-02-02 08:05:30
Sinosteel, China's largest State-owned steel trader, launched its Sinosteel Corporation Sustainability Australia Report simultaneously in Beijing and in Australia on Jan 29.