Localization fuels Starbucks' success in China
2012-02-13 17:31:54
Sales of the US-based coffee chain operator, Starbucks Corp, increased 30 percent year-on-year in the Chinese market in 2011, compared with the growth rate of 10 percent at home.
Beijing-based restaurant chain's IPO ceased
2012-02-13 17:20:11
China's top securities regulator declined the initial public offering application of South Beauty Co, a Beijing-based restaurant chain operator, according to a list released by the China Securities Regulatory Commission (CSRC) on Jan 30.
Company gives out car as bonus
2012-02-13 17:20:07
Each employee of a company in Qingdao, Shandong province gets a car as the yearly bonus on Feb 10, 2012. The company spent 1 million yuan on buying cars for its 12 employees.
China brewers eye HK Kingway's beer assets
2012-02-13 17:19:30
Mainland brewers including China Resources Enterprise Ltd and Tsingtao Brewery Co Ltd are among potential suitors eyeing bids for the brewery operations of Hong Kong-listed Kingway Brewery Holdings Ltd.
SWISS re-institutes direct service to Beijing
2012-02-13 16:19:33
Swiss International Air Lines (SWISS) plans to re-institute direct service between Beijing and Zurich on Feb 12, operating five days a week until May 31 and daily thereafter.
Chinese furniture retailer's 'fake imports' fine paid
2012-02-13 14:52:25
Authorities in Shanghai said Saturday that luxury furniture retailer Da Vinci has already paid its "fake imports" fine, over a month after the company openly refused to pay the penalty fare.
Dangdang, Gome may form e-commerce alliance
2012-02-13 14:02:51
E-commerce China Dangdang Inc may join hands with Gome Electrical Appliances Holding Ltd to fend off rising competition from rival 360buy.com, according to China Business News on Monday.
China Grand Auto in talks with Sanroad
2012-02-13 13:26:19
China Grand Auto, the second-largest domestic car dealer measured by revenues, is eyeing an acquisition that is still under negotiations.
Beijing Automotive introduces new vehicle
2012-02-13 13:22:51
In the midst of stiffer competition that placed Chinese homegrown cars in a tight spot, Beijing Automotive Group (BAIC Group) announced it would launch its first own-brand car next month.
Stores pulling Red Bull on health fears
2012-02-13 11:14:14
Many supermarket chains around the country have stopped selling Red Bull products in reaction to concerns that the energy beverage might contain unauthorized additives, even though the manufacturer insisted that its product was safe.
Cameco benefits from Chinese investment
2012-02-11 15:37:50
Canadian mining giant Cameco, which has been the beneficiary of considerable Chinese investment, saw earnings soar 29 percent during its fourth quarter compared to the same period last year.
Activists hope to thwart IPO bid
2012-02-11 08:10:27
A pharmaceutical company in Fujian province that makes medicines from bear bile has again been targeted by animal rights activists as it makes a second attempt to become publicly listed.