Deloitte Touche Tohmatsu (Deloitte), one of the world's leading accounting and consulting firms, will continue its business growth in China despite the economic slowdown, said Chris Lu, CEO of Deloitte China, the Shanghai Daily reported.Lu said the expansion is necessary, because the existing 11 offices...
China International Capital Corp (CICC), the largest investment bank in the country, posted a net profit of RMB 660 million for last year, down 46.3% year on year, sources reported on Monday, citing CICC's annual report. In 2008, the company's business revenue totaled RMB 2.94 billion, a decrease of RMB 2 billion...
Apple Inc, the world's leading consumer electronics firm, is still in talks with China Unicom (Hong Kong) Ltd<600050><0762><CHU>, the country's second largest telecom operator, and the U.S. company plans to bring iPhone to the country in 2010, the China Business News reported.The two companies may not...
China Unicom (Hong Kong) Ltd<600050><0762><CHU>, the country's second largest telecom operator, has released the "WO" brand for its 3G business on Apr. 28.On May. 17 the company will start trial operation of its WCDMA business in the 55 cities with 3G completed networks. The public bidding for...
China Eastern Airlines Ltd<600115><0670><CEA>, the country's third-largest carrier, on Tuesday signed an all-round cooperation agreement with Bank of China (BOC)<601988><3988> and obtained a credit line of RMB 20 billion from the lender.Under the agreement, the two sides will promote all-round business...
China Bohai Bank announced that its net profit surged 178% from the previous year to RMB 127 million in 2008, sources reported. Its operating revenue from its core business was RMB 1.09 billion last year, while the overall assets were RMB 32.49 billion. The Tianjin-based bank posted a net loss of RMB 35.56 million...
Macquarie Group Ltd, the largest investment bank in Australia, will soon set up a trust joint venture (JV) in China with Kunming International Trust Co to extend its investment business, Reuters reported on Tuesday, citing sources close with the matter.The trust JV, of which 20% will be held by the Australian...
U.S. fast food giant McDonald's this year will hire over 10,000 people and open more outlets in China in accordance with its global business expansion plan, China Daily reported on Tuesday, citing Kenneth Chan, the newly-appointed chief executive officer of McDonald's China, as saying....
Aberdeen Asset Management Plc, a U.K.-based independent asset management company, plans to establish a joint venture in China and is looking for a suitable partner, said Donald Amstad, director of business development in Asia, Reuters reported on Wednesday.At the same time, Aberdeen is in talks...
Shanghai, the economic and financial center in mainland China, is located on China's central eastern coast at the mouth of the Yangtze River Delta. It is one of four municipalities (Beijing, Tianjin, Shanghai and Chongqing) under the direct control of China's central government. It has two central business districts: Lujiazui in Pudong, and the Hongqiao area in Puxi.