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US-based ice cream chain Dairy Queen (DQ) admitted the raw mix they use to make ice cream is produced and provided by Baxi, a Chinese company established in 1994. The company specializes in making milk products, Shanghai Evening Post reported.
Gree Electric Appliances Inc. said Thursday that the company will invest 5 billion yuan ($747 million) to set up a new industry base in Chongqing Municipality.
Appliance maker Midea Group Ltd increased a loan to $235 million from $200 million after six lenders joined three banks hired to arrange the facility, according to a person familiar with the matter.
Jebsen Group said on Wednesday that it will build an environmentally friendly Porsche sales and service center in Shanghai.
Huawei Device Co Ltd launched its first mobile phone offering cloud-based services on Wednesday, joining other Chinese companies including Alibaba Group Holding Ltd and Baidu Inc in the move to apply cloud computing technology in smartphones.
Intel Capital, the global investment arm of the chipmaker Intel Corp, announced on Wednesday that it has invested $22 million in three Chinese technology companies this year.
Hong Kong developers are poised to snap up land on the Chinese mainland at a time when the fiances of their mainland rivals are being sapped by government property curbs.
Chairman of Qualcomm Inc said the biggest challenge for him was to turn Qualcomm from an enemy disliked by many industry players to a popular and amiable partner.
Germany's SAP AG plans to increase its workforce by about 7 percent in China and India, hiring as many as 600 people in coming quarters as it targets expansion in fast-growing Asia.
China South Locomotive and Rolling Stock Corp Ltd said on Wednesday that it postponed a shareholder vote on an 11 billion yuan fundraising plan.
China National Building Materials Co Ltd (CNBM) said that it expects a more than 200 percent year-on-year rise in its first-half net profit, Reuters reported Wednesday.
The European Union may launch a "re-examination" of fasteners imported from China even though the World Trade Organization ruled that the bloc's high duties on Chinese goods are against the law.
