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Zhongkun set to rent Icelandic land for tourism

The Beijing-based Zhongkun Investment Group Co Ltd will sign an agreement this month to lease 300 square kilometers of land in Iceland for tourism investment, group Chairman Huang Nubo said.

BAIC plans IPO to boost own-brand cars

BAIC Group, the Chinese partner of Daimler AG and Hyundai Motor Corp, plans to list its passenger vehicle arm BAIC Motor Co Ltd on the Hong Kong Stock Exchange next year, according to its president Xu Heyi.

Patriotic profits for Beijing firm

Beijing Jinggong Red Flag Factory Co, founded in 2001, is one of the largest flag manufacturers in China. Its products fly on flagpoles around China and are also exported to various countries including the US.

Reports: Benz might use Beijing nameplate

German automaker Mercedes-Benz may sell its E-Class sedans under the Beijing brand owned by its local partner BAIC Group to qualify for the government procurement market now limited to domestic brands, according to recent Chinese-language reports.

Yanjing quits $700m Kingway Brewery deal

Beijing Yanjing Brewery Co Ltd has dropped out of the race to buy brewery assets being sold by China Kingway Brewery Holdings.

Foton to deliver 1,000 sanitation vehicles in Beijing

Beiqi Foton Motor Co Ltd, one of the major electric commercial vehicle manufacturers in China, will deliver 1,000 sanitation vehicles for the Beijing government by the end of June.

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