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Media center
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Biz updates
  • Sinopec's Chongqing output tops 1 billion cubic meters

    2014-10-31Sinopec announced on Thursday that its Fuling shale gas project in Chongqing has produced one billion cubic meters of gas since commercial exploration began in March 2013.

  • Sinopec profit slides in Jan-Sept

    2014-10-31Net profits of Sinopec, China's largest oil refiner, dropped by 0.96 percent year on year to 51.8 billion yuan ($8.43 billion) in the first three quarters of 2014, new data showed.

  • Fortune 500 executives have role to play in APEC summit

    2014-10-31More than one-quarter of the Fortune 500 companies will send executives to attend the APEC 2014 CEO Summit in China.

  • ICBC battles rise in bad loans

    2014-10-31Growing challenges at home may mean further expansion overseas

  • Xiaomi becomes top 3 smartphone maker in just 3 years

    2014-10-31China's Xiaomi Corp became the world's third-largest smartphone vendor after outselling rivals in its home market with inexpensive devices packed with high-end features.

  • Lenovo wraps up purchase of Motorola phone unit

    2014-10-30Lenovo Group has announced the completion of its acquisition of Motorola Mobility from Google Inc in a move aimed at making the Chinese computer maker a global smartphone brand.

  • Xiaomi taps 29 banks for $1b loan

    2014-10-30Xiaomi, a Chinese smartphone marker, plans to raise $1 billion from 29 banks in its first move to tap overseas funds for capital, according to The Wall Street Journal.

  • PetroChina profit growth slows

    2014-10-30Net profits of PetroChina Company Ltd, China's largest oil and gas producer, edged up 0.8 percent year on year to $15.64 billion in the first three quarters of 2014.

  • Renren struggles to arrest its decline

    2014-10-30Renren Inc was touted as the Facebook Inc of China when it debuted in New York in 2011. Today it is looking more like online flameout Myspace.

  • Youku looks abroad to coproduce more video

    2014-10-30Youku Tudou Inc, China's most popular video-streaming website, will collaborate with US entertainment companies to produce original content after regulators capped the amount of imported shows on the site.

  • Beijing IBI encourages innovation

    2014-10-29The Science and Technology Service Center of Fengtai Park, also known as the Beijing International Business Incubator (IBI), Zhongguancun Science Park, was established in 1994.

  • Youku on prowl for original content in US

    2014-10-29Youku Tudou Inc plans to seek collaboration with US entertainment companies for original dramas and talk show productions, according to US media report on Monday.

  • Huge commercial property site set for west Beijing

    2014-10-29A new business district is been launched in the west of Beijing, offering a huge supply of fresh office and commercial space at highly competitive prices.

  • Rail convergence goes on fast track

    2014-10-29The impending merger of China's top trainmakers, China CNR and CSR Corp, will help create a strong global competitor, industry experts said.

  • China's COFCO completes two overseas acquisitions

    2014-10-28China's state-owned foodstuffs conglomerate COFCO Corp. announced Tuesday the completion of acquisition of controlling stakes in two global agricultural commodities traders.

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