Sichuan Tengzhong Heavy Industrial Machinery Co Ltd, the Chinese machinery company that reached a preliminary deal with General Motors Corp (GM) to take over its Hummer brand, said on Wednesday that it will not set up a plant in China to build large SUV and pickup trucks under the famous brand,...
Li Ning Co Ltd<2331>, A Chinese sports brand giant, yesterday published its annual report for 2008, which shows profit reaching RMB 721 million, jumping 52.29% from one year earlier, sources reported.The company realized RMB 6.69 billion in sales revenue in 2008, up 53.8% year on year. The sales of products...
Taiwan-based Acer Inc, the world's third-largest PC brand, will introduce its mobile smartphone to the Chinese mainland as part of its expansion strategy, said Chairman J.T. Wang, the Shanghai Daily reported on Thursday.Wang said that Acer was in talks with two telecom operators on the mainland about...
Wen said he believed the intelligent Chinese people would finally be able to build their own brand names for exports, if provided with right policies and a liberal and equal environment...
Dongfeng Honda announced at the Guangzhou Auto Show that it expects to sell more than 200,000 vehicles by the end of this year. The joint venture between China's Dongfeng Motor and Japan's Honda sold 168,649 units the first 10 months in 2009, up 23 percent from a year earlier, meeting the year鈥檚...
Nadaq-listed Shanda Interactive Entertainment Ltd<SNDA>, China's largest online game operator, has agreed to acquire Beijing-based online video site Ku6.com for US$44 million through its subsidiary Hurray! Holding Co<HRAY>, Chinese newspaper Dongfang Daily reported, citing sources familiar with the...
VTech Holdings Ltd<303>, a Hong Kong-based supplier of corded and cordless telephones and electronic learning products, announced yesterday that its net profit increased 33% to US$91.5 million in the six months ended Sep. 30, due to lower raw material costs and higher operating efficiency.Earnings...
China Metallurgical Group, the parent of China Metallurgical Co Ltd<601618><1618>, intends to team up with Australia-based nickel miner Minara Resources Ltd to jointly bid for BHP Billiton's failed Ravensthorpe nickel operation in Western Australia, the Wall Street Journal reported yesterday, citing a source with...
Datang International Power Generation Co Ltd<601991><0991>, China's second-largest publicly traded electricity producer, on Tuesday announced that it has raised its on-grid power rates by 1.3% or RMB 4.34 per megawatt hour.The power producer said in a statement filed with the Shanghai Stock Exchange that...
Media Chinese International Ltd<0685> said its net profit attributable to equity holders was US$14.65 million during the six months ended Sep. 30, 2009, down 2.55% from US$15.04 million over the corresponding period of last year.According to the company's unaudited interim results, earnings per...