Fiat and Guangzhou Auto are hoping to receive their business license for their recently minted joint venture later this month according to recent news reports. This is Fiat鈥檚 second joint venture agreement in China after its first joint venture with Nanjing Auto died a fiery death in December 2...
China Merchants Holdings International<0144>, the country's largest port operator, said its net profit in the first half of 2009 declined 14.41% to HK$1.728 billion from HK$2.02 billion in the same period of last year. During the Jan.-Jun. period, turnover from the company's core ports business dropped 51% to HK$ 1.65...
China Overseas Land & Investment Ltd<0688>, a real estate subsidiary of China Overseas Holdings Ltd, said it has acquired a piece of land in Shanghai for RMB 7 billion, according to the property developer's statement.The land parcel, located in Changfeng Business District, Putuo District, Shanghai, covers an...
France-based Calyon, which is the largest asset manager in Europe and a subsidiary of Credit Agricole Corporate and Investment Banking, expects that its mainland China business will experience double-digit growth since the country's economy continues to expand, said Deputy CEO Alain Massiera yesterday,...
Kai-fu Lee, Google's former China chief who quit the search giant this week, gives a speech at the launch ceremony of his own business, Innovation Works, a venture capital platform to fund Chinese technology start-ups. Photo: CFP By Guo Lu and Xia Yubing After abruptly leaving Google's top positi...
British Business Secretary Peter Mandelson led a delegation to China on Sunday to discuss trade and G20 commitments ahead of the Pittsburgh meeting. During Mandelson's visit, from today through Thursday, he will give a speech at a low-carbon business solutions conference in Beijing, where 250 Bri...
China Oceanwide Holdings Group, a business conglomerate in China and parent of Oceanwide Real Estate Group Co Ltd<000046>, has obtained 29% stake in Legend Holdings at a cost of RMB 2.76 billion, sources reported.The stake transaction enabled China Oceanwide to become the third largest...
Kai-fu Lee, Google Inc's former China chief who quit the search giant last week, said on Sunday he would launch his own business this week to fund Chinese technology start-ups. Lee, described by the Chinese media as the face of Google in China, said on his Twitter page that he would launch a vent...
China Baoan Group Co Ltd<000009>, which does business in the high-tech, property, and biopharmaceutical sectors, yesterday announced that it intends to raise up to RMB 1.15 billion though private placement, according to a statement field with the Shenzhen Stock Exchange. The group, whose...
Shanghai, August 24 (Gasgoo.com) Tianneng Power recently said revenue from its primary business of electric bicycle batteries was hit in the first half by financial crisis, but the company achieved remarkable revenues in power storage and electric vehicle batteries, Proactive Investors China reported today.