Management

A Third of Chinese Machine Tool Makers Lost Money Last Year Despite Huge Sector Gains

A Third of Chinese Machine Tool Makers Lost Money Last Year Despite Huge Sector Gains

China’s machine tool makers nearly trebled their profit last year, but more than a third of companies made losses as…

May 7, 2018
Wang Shifeng
Aviation Administration to Investigate China’s Chaotic Ticket Refunding

Aviation Administration to Investigate China’s Chaotic Ticket Refunding

China’s Civil Aviation Administration is investigating ticket refund charges and has vowed to punish those who broke the law after…

May 7, 2018
Liao Shumin
Hengyi Petrochemical to Build USD1 Billion Polyester Fiber Plant in Home Province

Hengyi Petrochemical to Build USD1 Billion Polyester Fiber Plant in Home Province

Hengyi Petrochemical Co. plans to invest nearly CNY6.4 billion (USD1 billion) to build a polyester fiber factory in its home…

May 7, 2018
Tang Shihua
SMIC Forms Semiconductor Fund to Accelerate Industry Growth

SMIC Forms Semiconductor Fund to Accelerate Industry Growth

Semiconductor Manufacturing International Corp. and several partners are setting up a CNY1.6-billion (USD255-million) equity fund to buy into other companies in the integrated circuit sector.

May 4, 2018
Liao Shumin
CK Hutchison, Xiaomi Form Pre-IPO Alliance to Bolster Tech Firm’s Global Expansion

CK Hutchison, Xiaomi Form Pre-IPO Alliance to Bolster Tech Firm’s Global Expansion

CK Hutchison Holdings Ltd., a conglomerate run by Hong Kong’s richest man Li Ka-shing, has founded a global strategic alliance…

May 4, 2018
Liao Shumin
Baidu to Spin Off Its Finance Unit to Unveil Independent ‘Du Xiaoman Financial’

Baidu to Spin Off Its Finance Unit to Unveil Independent ‘Du Xiaoman Financial’

China’s internet conglomerate Baidu Inc. is set to spin off its finance business following Alibaba Group Holding Ltd. and JD.Com Inc., which have already divested their financial arms.

May 3, 2018
Liao Shumin
Shenzhen Salubris Pharma Plans to Invest in US Mercator MedSystems to Enhance R&D Capacity

Shenzhen Salubris Pharma Plans to Invest in US Mercator MedSystems to Enhance R&D Capacity

Shenzhen Salubris Pharmaceuticals Co. will acquire a stake in a US medical technology company through its wholly-owned subsidiary in…

May 3, 2018
Tang Shihua
AC Giant Gree Feels the Heat as Shares Slide on First Non-Payout of Dividends in 11 Years

AC Giant Gree Feels the Heat as Shares Slide on First Non-Payout of Dividends in 11 Years

Shares in Gree Electric Appliances, Inc. [SHE:000651], the world's largest producer of residential air conditioning (AC) units, came under heavy…

Apr 26, 2018
Dou Shicong
Chairman Reveals ZTE Corp.’s Experience in the Past Few Months

Chairman Reveals ZTE Corp.’s Experience in the Past Few Months

 Yin Yimin, chairman of ZTE Corp., disclosed for the first time today in an internal email  in response to questions…

Apr 20, 2018
Li Na
Ninestar Will Build a USD1.4 Billion Laser Printer Project in Zhuhai to Make 4 Million Printers per Year

Ninestar Will Build a USD1.4 Billion Laser Printer Project in Zhuhai to Make 4 Million Printers per Year

Ninestar Corp. has advanced a step in its plan to move its production and processing plant for Lexmark printers and…

Apr 20, 2018
Tang Shihua
Suning Cancels Delivery License on Plans to Merge Operations With Logistics Arm

Suning Cancels Delivery License on Plans to Merge Operations With Logistics Arm

Chinese home appliance retailer Suning.Com Co. has responded to reports that it has withdrawn its delivery license, stating that it…

Apr 19, 2018
Xu Wei
Qixiang Tengda's Unit to Acquire 51% Stake in Swiss Petrochemical Trader to Diversify Supply Channels

Qixiang Tengda's Unit to Acquire 51% Stake in Swiss Petrochemical Trader to Diversify Supply Channels

China’s Zibo Qixiang Tengda Chemical Co. will acquire a majority stake in Swiss international petrochemical trader Granite Capital SA through…

Apr 17, 2018
Tang Shihua

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