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China Telecom Corp, the country's biggest fixed-line carrier, reported that second-quarter profit rose 12 percent as its mobile-phone unit increased the subscriber base by almost half.
German logistics service provider BLG Logistics Group officially entered the Chinese market by establishing a local joint venture on Tuesday, saying that it saw a promising future in the world's largest vehicle market.
Senior executives of China Minsheng Banking Corp (CMBC) said on Tuesday that its financing plan released in February will cover the bank's capital requirements for the next two and a half years.
China Telecom Corp Ltd, the smallest of the country's three telecommunications carriers, is still in talks with Apple Inc to carry its iPhone, targeting growth in high-end users.
China Life Insurance Co Ltd, China's largest provider of life insurance, said Tuesday that its net profits for the first half of this year reached 12.96 billion yuan ($2 billion), down 28.1 percent year-on-year.
China's power giant Huadian Group and US conglomerate General Electric on Tuesday signed a contract to set up a joint venture to develop aeroderivative gas turbines, core devices in distributed energy systems.
China COSCO Holdings Co Ltd, the country's top shipping conglomerate, will name China Shipping Group vice president Ma Zehua as chief executive on Wednesday, a company official told Reuters.
China Telecom Corp Ltd, the smallest of the country's three telecommunications operators, said on Tuesday that its mobile subscribers increased to 110.94 million in July.
Microsoft Corp has signed a partnership deal with a Chinese firm to develop and market cloud-computing products in China, Reuters reported.
China's major heavy-duty truck producer has started manufacturing vehicles on the country's longest truck assembly line, which has a yearly production capacity of 50,000 truck chassis.
Geely Automobile Holdings Ltd, whose parent owns Volvo Car Corp, boosted profit by 17 percent in the first six months as rising incomes in China increased car sales.
A wave of layoffs at Gaopeng.com, the Chinese arm of US-based Groupon Inc, signals a dramatic turnaround for a company that just months ago aimed to dominate China's online group-buying market.
