CIC, Sinopec among investors in oil sands IPO
2012-02-08 10:14:09
Sovereign wealth fund China Investment Corp (CIC) and state refiner Sinopec are among the three cornerstone investors to pledge $350 million toward Canadian oil explorer Sunshine Oilsands Ltd's Hong Kong IPO, Reuters reported, citing a source with direct knowledge of the matter.
Olympic mascot maker rejects sweatshop claims
2012-02-08 09:40:34
Representatives of the Chinese manufacturer of Olympic mascot dolls on Tuesday said reports claiming its products were made in sweatshops had been based on untrue information and its factory is open to international organizations and the media for inspections.
Wal-Mart names new CEO and president for Chinese operations
2012-02-08 09:33:16
The international retail giant Wal-Mart Stores Inc announced that Greg Foran has been named president and CEO of Wal-Mart China.
Tech firm says applications will be available for download again
2012-02-08 09:13:16
Qihoo 360 Technology Co Ltd said on Tuesday that its products, which were removed from Apple Inc's online store, will be available for downloading again in the next few days.
Russian chopper maker sets up China plant
2012-02-07 15:55:06
Russian helicopter maker Rostvertol has partnered with a Chinese counterpart to set up a plant in northern China's Hebei province.
Greg Foran appointed head of Walmart China
2012-02-07 15:01:18
Greg Foran, senior vice president of Walmart International, has been named president and CEO of Walmart's China unit, effective March 1.
SAIC says Jan auto sales dip 8.48%
2012-02-07 15:00:29
Top Chinese automaker SAIC Motor Corp reported its first monthly sales decline in six months in January as automakers and dealerships closed shop for the week-long Lunar New Year holiday.
Maid-themed restaurant opens in Jiangsu
2012-02-07 13:56:10
A maid-themed restaurant opened in Yangzhou, Jiangsu province on Feb 5. The waitresses of this restaurant are all dressed as maids in Japanese cartoons.
CNPC to raise gas output by 5%
2012-02-07 13:20:27
China National Petroleum Corp plans to raise its natural gas output to a level of 79.3 billion-82.1 bcm this year, the largest Chinese oil and gas producer said in a company newspaper on Tuesday.
Walmart names Foran as new China CEO
2012-02-07 13:10:08
Wal-Mart Stores Inc said on Tuesday it has named Walmart executive Greg Foran as the president and chief executive of Walmart China, capping a series of leadership changes at the China unit tainted by food scandals.
China Unicom asked to apply for online maps license
2012-02-07 11:20:24
China Unicom has been asked to apply for a license for its Internet maps service, which is being operated without official approval, the mapping service regulator said Monday.
Netizens down on KFC's denial of 'handsome deliveryman' service
2012-02-07 10:49:27
Branches of KFC in China denied the so-called "handsome delivery boy service" widely discussed on the Internet, disappointing web surfers speculating that the fast food chain could despatch good-looking men to deliver food upon request.