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Taiwan-based soymilk retailer Yon Ho Food Company has been questioned for using soybean powder rather than a freshly-brewed mix in its restaurants, and in defense the company has argued the powder cost is more expensive.
China Overseas Land & Investment Ltd, a Hong Kong-based builder controlled by the Chinese construction ministry, said first-half profit climbed 35 percent on gains from one-time items and property sales.
Adidas Group China, a unit of Adidas AG, plans to expand aggressively into lower-tier cities as it seeks to compete with Chinese rivals.
China UnionPay Co Ltd announced on Tuesday the launch of the first smartphone with built-in mobile payment capability, jumping ahead of domestic rivals in the world's most populous mobile phone country.
China's second-largest telecom equipment maker, ZTE Corp, is confident it can beat its 2011 target of shipping 80 million mobile devices and is looking for an expanded US footprint to fuel growth.
Sinohydro Corp is expected to win a $1.2 billion contract to jointly build a 300-megawatt hydroelectric power station in Costa Rica with the Costa Rican Institute of Electricity (ICE).
China Merchants Bank, the country's fifth largest bank by market value, said on Tuesday that its first-half profits increased 40.12 percent year-on-year to 18.5 billion yuan ($2.87 billion).
China Mobile will invest 13 billion yuan ($2.02 billion) in Shanghai for building broadband networks, which coordinate GSM, TD-SCDMA, TD-LTE and WLAN technologies, within three years, Sohu reported.
The Rockefeller family announced its first private equity investment in China by setting up a joint venture with a local player to develop in Tianjin, showing huge confidence in the Chinese property market.
The parent of Hainan Airlines Co, China's fourth-biggest airline by revenue, said it is bidding for Hochtief AG's airport assets.
Daimler AG's Mercedes-Benz sold 109,510 vehicles in the first seven months of the year, an increase of nearly 50 percent from a year earlier, Bloomberg reported.
Bright Food Group Co might make a purchase in Europe or Australia in as soon as six months as it seeks to boost overseas sales to as much as 30 percent of the total in five years.
