 Alibaba to accept Russian online payments
Russian buyers can now buy products at AliExpress, Alibaba's store branch, through Qiwi Wallet,a Russian online payment company. |
Group-buying sites hit by consolidation
Half of China's group-buying sites have shut down since the industry peaked and only 10 major players will survive an ongoing reshuffle. |
Bosch gears up for growth in China
The German industrial company Bosch GmbH said its power tools division in China had a successful year in 2011 as sales increased 26 percent. |
High-end Web shops being hit
China's online luxury retailers are running into trouble due to the industry's low-price strategy. |
Developer applies for bankruptcy in Hangzhou
Hangzhou Gold Star Property Development has applied for bankruptcy to the People's Court of Yuhang district of Hangzhou, Zhejiang province. |
Boom time for private sector in 2012
The development of China's private sector is likely to witness a breakthrough in 2012, as the authorities consolidate rules to lower entrance limits and become more reliant on the private sector against the backdrop of an economic slowdown, said analysts and executives. |
Online group buying to be regulated
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Private business expects boon from new policies
Chinese beverage magnate Zong Qinghou sees his latest laureate as the richest person in the Chinese mainland as nothing to brag about. |
Wahaha eyes Australian dairy farm investment
Hangzhou Wahaha Group Co, China's biggest beverage producer, plans to invest in dairy farms in Western Australia to expand its import channel for milk, Chairman Zong Qinghou said on the sidelines of the ongoing National People's Congress. |
Lawmaker suggests incentives for private investment
China needs to relax its curbs on import rights for some of the country's most demanded natural resources by allowing private companies to tap into the market. |
Lending scam victims seek state compensation
Nearly 150 creditors have sought state compensation over a large-scale lending default estimated to have left 7,000 private creditors a whopping 4.5 billion yuan (714 million US dollars) out of pocket in east China, local court officials said Tuesday. |
Nuclear power has great development potential
Nuclear power has great growth potential in China, as the world's second-largest economy remains hungry for more energy to fuel its economic development. |
Tianmao to push ahead with online sales of drugs
China's e-commerce giant Alibaba Group Holding Ltd has reiterated its aim of selling medicine online after a license dispute that halted the program. |
Zhejiang eases firms' financial pressures
Zhejiang province will strive to ease private companies' financing pressures and channel private capital into the real economy instead of speculation, said Xia Baolong, the provincial governor, on Monday. |
Watchmakers seize the hour in China
The robust growth of the Chinese luxury market has seen high-end brands expanding their territory in the fashion industry to keep enticing consumers. |
Alibaba sets up environmental protection foundation
China's e-commerce giant Alibaba Group announced Wednesday that it had set up a foundation to support the development of the country's environmental protection organizations. |
Guangqi Honda to bring over two brand new hybrids
Guangqi Honda has announced that it will be adding two new hybrids to its new 2012 line-up, which will include a brand new Accord, City and Odyssey. |
Investors with extremely good taste
As the stock market is fluctuating and real estate policy tightening, the wine market has become the new playground either as investment, hobby, or both for business people from the opulent Yangtze River Delta and possibly nationally. |
Luxury cars gearing up China biz
Lamborghini, Ferrari, Porsche, and other top brands are driving into small cities. |
Alibaba opens the doors to its group-buying platform
HANGZHOU / BEIJING - The Chinese e-commerce giant Alibaba Group Holding Ltd announced on Wednesday that its group-buying site will serve as an open platform for other sites to sell their goods. |
