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SHANGHAI - The US diversified industrial manufacturer Eaton Corp has set a goal of achieving $2 billion revenue in China by the end of 2015, doubling its 2010 revenue in the country, according to Alexander Cutler, chairman and CEO on Thursday.
Alibaba.com, China's largest e-commerce company, beat forecasts with a 29 percent rise in second quarter net profit, its smallest rise in about 18 months.
Chery Automobile Co Ltd is to become the second Chinese vehicle maker to build an assembly plant in Kenya. The move will further strengthen Chinese links with the continent.
A major Chinese steelmaker is aiming to get half its iron ore from its own mines in five years, a surge from below nine percent at present, said a senior executive of the company on Wednesday.
Disney Shanghai will run under a new operation mode that will involve shared profits between Walt Disney Co and its local partner in China.
China's Huayi Brothers Media Corporation earned a net profit of 63.64 million yuan ($9.87 million) in the first half of this year, a year-on-year growth rate of 125.09 percent, according to its semi-annual report.
Semiconductor Manufacturing International Corp, China's largest chip foundry, is preparing for a long industry downturn and has cut its planned capital spending for the year.
A Chinese bullet train manufacturer said on Wednesday it has been told to stop shipments after a series of delays on the new high-speed rail link between Beijing and Shanghai.
Starbucks recently drew protest over its latest marketing efforts in China, plastering the face of one of the country's most renowned judges on the chain's coffee mugs.
While consumers worry about the consequences of eating food cooked in recycled oil, officials have confirmed that the oil used by the US fast-food giant KFC is safe.
Cathay Pacific Airways Ltd, Asia's fourth-largest air carrier by market capitalization, reported on Wednesday a better-than-expected 59 percent fall in first-half net profit, reflecting soaring fuel costs.
China's leading web-portal Tencent the company recorded a revenue of 13.1 billion yuan ($2.04 billion), up 47 percent from the same period last year, in the six-month ending June 30.
