Management

HNA Targets Disseminators of Letter That Highlights Extent of Its Debts

HNA Targets Disseminators of Letter That Highlights Extent of Its Debts

Chinese conglomerate HNA Group Co. will hunt down those responsible for spreading a document online that shows one if its fuel suppliers threatening to cut it off for failing to repay debts.

Mar 7, 2018
Tang Shihua
Baidu Drops Suit Against Self-Driving Car Maker Jingchi, But Not Its Founder

Baidu Drops Suit Against Self-Driving Car Maker Jingchi, But Not Its Founder

Baidu Inc. has withdrawn its suit against Beijing Jingchi Technology Co., but not against its founder Wang Jin, and the…

Mar 6, 2018
Liao Shumin
China’s Biggest Battery Maker Amps Up Stake in Canadian Lithium Mine

China’s Biggest Battery Maker Amps Up Stake in Canadian Lithium Mine

China-based battery maker Contemporary Amperex Technology Co. plans to amplify its stake in a Canadian lithium mine and potentially become its largest shareholder.

Mar 5, 2018
Tang Shihua
HNA Plans Sale of Hilton Properties Worth USD1.4 Billion

HNA Plans Sale of Hilton Properties Worth USD1.4 Billion

Chinese conglomerate HNA Group Co. plans to sell off shares in Park Hotels & Resorts Inc., a real estate investment…

Mar 5, 2018
Chen Shanshan
South Korea’s AmorePacific Offers USD4.7 Mln  to China’s Women Charity to Help Fight Cancer

South Korea’s AmorePacific Offers USD4.7 Mln to China’s Women Charity to Help Fight Cancer

South Korea's largest cosmetic company AmorePacific Corporation continues to heavily invest in women's charity programs in China in the hope…

Mar 2, 2018
Liao Shumin
Tinci Materials Will Spend USD200 Million on Lithium Ore to Support Battery Business

Tinci Materials Will Spend USD200 Million on Lithium Ore to Support Battery Business

A unit of Tinci Materials Technology Co. will spend USD200 million on lithium ore purchases from Australia to ensure a steady raw material supply for its lithium battery business.

Mar 2, 2018
Tang Shihua
Shanghai United Merges News Platforms to Create ‘Chinese Bloomberg’

Shanghai United Merges News Platforms to Create ‘Chinese Bloomberg’

Shanghai United Media Group, China’s first financial news and data provider, has merged two of its news platforms into what its chairman describes as the “Chinese Bloomberg."

Mar 1, 2018
Liao Shumin
Truckmaker AB Volvo Drops Geely-Linked Chairman as Daimler Deal Sparks Tensions

Truckmaker AB Volvo Drops Geely-Linked Chairman as Daimler Deal Sparks Tensions

 Swedish truckmaker AB Volvo has dropped its chairman Hakan Samuelsson due to his role as chief executive of the brand’s…

Feb 28, 2018
Yang Haiyan
Great Wall Motor Execs Cough Up USD790,000 After Missing 2017 Sales Goal

Great Wall Motor Execs Cough Up USD790,000 After Missing 2017 Sales Goal

The president and chairman of China’s top sports-utility vehicle maker Great Wall Motor Co. have voluntarily deducted a combined CNY5…

Feb 28, 2018
Luan Li
FrieslandCampina Pays Cut-Price to Acquire Cash-Strapped Huishan Dairy's JV Stake

FrieslandCampina Pays Cut-Price to Acquire Cash-Strapped Huishan Dairy's JV Stake

Dutch milk major Royal FrieslandCampina N.V. has paid USD2 million to end its joint venture with beleaguered China Huishan Dairy Holdings Co., a company executive told Yicai Global.

Feb 28, 2018
Luan Li
 CITS Spends USD240 Million to Take Over Sunrise Duty Free’s Shanghai Unit

CITS Spends USD240 Million to Take Over Sunrise Duty Free’s Shanghai Unit

A unit under China International Travel Service Corp. has bought a majority stake in Sunrise Duty Free Shanghai Co. for…

Feb 27, 2018
Liao Shumin
Alibaba to Buy Chinese Food Delivery Giant Ele.me for USD9.5 Billion

Alibaba to Buy Chinese Food Delivery Giant Ele.me for USD9.5 Billion

Ele.me investor Alibaba Group will acquire the rest of China’s biggest online food delivery startup, an insider close to the…

Feb 27, 2018
Guan Jian

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