Hisense Group, parent of Hisense Electric Co Ltd<600060> and Hisense Kelon Electrical Holdings Co<000921><921>, on Friday announced that its first quarter business performed well, earning an estimated 40% year-on-year increase in profit.During the first quarter of 2009, Hisense's panel TV sales...
China's Five Star Appliance, a wholly-owned subsidiary of U.S.-based electronic appliance retailer Best Buy Co Inc, plans to put Apple stores into 40 of its existing retail outlets, said Five Star's headquarters last week.Jing Xing, Five Star's director for brand and market promotion, said the international division of Best...
BOE Technology Group Co Ltd (BOE)<000725><200725>, one of the largest LCD producers in China, has begun construction on a sixth-generation (6G) LCD production line in Hefei, the capital city of Anhui Province, the Shanghai Securities News reported.According to the investment plan, BOE will spend a total...
Kaixin001.com, a well-known Chinese Social Networking Services (SNS) site, has recently received US$20 million from three venture capital firms in a second round of financing, said a person who is familiar with the deal, sources reported.Qiming Venture Partners, Ceyuan Ventures and Northern Light...
Shenzhen-listed TCL Corp<000100>, a major Chinese television and mobile phone manufacturer, on Friday published March domestic sales figures showing an amazing 356.6% growth in LCD sales, the Shanghai Securities News reported.According to the company's statement, TCL sold 361,746 LCD TVs...
The Renault鈥揘issan Alliance recently has signed an agreement with the Chinese government to sell electric cars in China in early 2011, following the government's incentives to promote the use of clean energy vehicles in the country, sources reported.Under the agreement, the Franco-Japanese alliance will...
Huawei Technologies Co Ltd, a major telecom equipment vendor in China's telecom market, announced on Thursday that it has won the biggest share in China Unicom (Hong Kong) Ltd's<600050><762><CHU> WCDMA network card procurement.Huawei said it has won a 44% share from China Unicom and two of its...
Here's a peek at the progress in autos, steel and machinery that cash-flush China wants to buy.
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...
China Mobile Ltd<941><CHL>, the country's largest telecom operator, plans to invest RMB 70 billion over the next three years to expand in its network in rural areas, said company Vice President Li Zhengmao on Wednesday, sources reported.In the past five years, China Mobile has invested RMB 19.5 billion to build a...