Management

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
Mesnac to Explore NEV Battery Materials With 20% Stake in Canada’s Ecobalt

Mesnac to Explore NEV Battery Materials With 20% Stake in Canada’s Ecobalt

Mesnac Co., a Chinese rubber equipment systems maker, plans to invest in newly-issued shares of Canadian mine developer Ecobalt Solutions…

Feb 26, 2018
Tang Shihua
Tencent, JD.Com Press On With New Retail by Investing in Superstore Operator

Tencent, JD.Com Press On With New Retail by Investing in Superstore Operator

Two of China’s biggest tech firms plan to pump CNY1.6 billion (USD257 million) into domestic retailer Better Life Commercial Chain…

Feb 26, 2018
Le Yan
Hainan Airlines Deploys Bigger Planes on Flights to Help Travelers Stranded Amid Heavy Fog

Hainan Airlines Deploys Bigger Planes on Flights to Help Travelers Stranded Amid Heavy Fog

Hainan Airlines Co. has deployed more widebody aircraft on routes from China’s island province of Hainan in order to help travelers…

Feb 23, 2018
Liao Shumin
Fosun Takes Over Lanvin Amid Global Expansion Into Luxury Goods

Fosun Takes Over Lanvin Amid Global Expansion Into Luxury Goods

Chinese conglomerate Fosun International has snapped up France’s oldest haute couture brand Lanvin as it looks to expand its global portfolio of luxury marques.

Feb 23, 2018
Liao Shumin

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