Wheels come off for Toyota sellers

2010-03-03 10:56:12

Toyota sellers in Beijing are suffering a slump in business. A sales manager surnamed Zhang from a Toyota store said that previously the store sold more than 10 cars a month, but this month there have been hardly any customers.

Toyota dealer's business hit hard by recall

2010-03-03 10:46:12

Gong Jianzhong has a lot of time on his hands these days. While he used to be busy each day negotiating purchases with consumers, he now gets to sit in his office for longer than he would like.

Sanofi-aventis seeks partners in China

2010-03-02 16:10:25

France-based Pharmaceutical giant Sanofi-aventis will continue to look for partnership opportunities in China after it launched a joint venture with Minsheng Pharmaceutical, the company’s top management said Tuesday.

Cathay Pacific to buy Air China Cargo stake

2010-02-27 12:17:05

Cathay Pacific Airways Ltd., Hong Kong's largest carrier, will invest 1.7 billion yuan ($249 million) in affiliate Air China Ltd's cargo unit as a global economic rebound revives exports in the Chinese mainland.

Carlyle to partner with Fosun Group

2010-02-25 11:10:27

US buyout giant Carlyle Group will partner with Shanghai Fosun High Technology (Group) Co Ltd to create a yuan-denominated fund that will focus its investments on rapidly expanding companies in China.

KBC-Goldstate sells shares in Chinese commodity firms

2010-02-08 10:42:28

KBC-Goldstate Fund Management Co is selling shares in Chinese commodity producers and adding to cash, hunkering down for further declines in the benchmark index after tighter credit policies spurred a drop of 10 percent this year.

Baidu forms online shopping mall JV

2010-01-28 08:11:21

Baidu Inc, a major Chinese language Internet search provider, and Rakuten Inc, the largest e-commerce website in Japan, yesterday announced an agreement to jointly invest $50 million over three years in a joint venture to build a B2B2C online shopping mall for Chinese-Internet users.

Australian mineral explorer teams up with Chinese company

2010-01-25 14:48:43

Australian mineral explorer Venus Resources Ltd announced on Monday it had entered into share subscription and joint venture deals with a Chinese entity.

TSK&F invests in R&D to boost bottom line

2010-01-22 07:56:41

TSK&F, a major pharmaceutical company, yesterday forecast its sales of over-the-counter medicines in China will post "explosive" growth in the next decade, as it introduces more drugs tailored to the local market.

Santander, CCB plan joint venture

2010-01-13 08:09:35

China Construction Bank (CCB) and Europe's second largest lender Banco Santander, are planning to set up a joint financial holding company and open 100 village banks in the country over the next three years, people familiar with the matter told China Daily.

Borouge gearing up for big expansion

2010-01-12 08:01:14

Petrochemical firm Borouge is expanding its presence in the Chinese chemical market by investing nearly $400 million in three projects, according to a top company official.

Volkswagen sales surge 36.7 percent in 2009

2010-01-11 08:00:57

German auto giant Volkswagen AG posted a 36.7 percent surge in 2009 China sales to maintain the top position it has held for more than 20 consecutive years.