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Boston Scientific Corp said it will invest $150 million in the next five years to build manufacturing and training facilities in China and hire 1,000 more people in 5 years.
Alibaba Group launched its self-developed mobile operating system and a smartphone on Thursday in a bid to capture a slice of China's rapidly growing mobile Internet market.
China's Haier Group Co will buy Panasonic Corp's Sanyo Electric washing machine and refrigerator units in Japan and Southeast Asia for about $130 million, in a move that will give the Chinese appliance giant better access to the world's third-largest economy, sources said.
Sands China Ltd, the Hong Kong-listed casino company controlled by billionaire Sheldon Adelson, doubled second-quarter earnings as gambling surged at its Macao venues.
Overseas oil and gas production in the first six months by China National Petroleum Corp (CNPC) increased 30,000 tons or 219,000 barrels per day (bpd) from a year earlier, the top Chinese oil producer said in a company newspaper on Thursday.
Chinese thermal power company Shanghai Electric Power plans to raise 9.5 billion yuan ($1,47 billion) via a private share placement, in a move to diversify its power business, the company said on Thursday.
China South Locomotive and Rolling Stock Corp Ltd (CSR) has signed contracts worth of 6.89 billion yuan ($1.07 billion) to build subway and passenger vehicles, the company said on Thursday.
Toyota Motor Corp will spend 20 billion to 30 billion yen ($260-$390 million) to boost engine output capacity in China by 30 percent to 1.3 million units a year in 2013, Japan's Nikkan Kogyo industrial daily reported on Thursday.
Swiss bank UBS said on Thursday it has set up an asset management unit in Beijing to tap China's rapidly-growing $650 billion private equity market.
Danieli & C Officine Meccaniche SpA, one of the world's leading equipment suppliers for the metals industry, said it will significantly increase its investment in China to cash in on the growth in demand coming from the government's efforts to adjust the industry's structure.
International Finance Corp (IFC), a member of the World Bank Group which focuses on the development of the private sector in emerging markets, plans to invest more than $500 million in China during its next fiscal year.
A local watchdog called on Wednesday for an investigation to begin into an unauthorized Apple store found in Southwest China's Chongqing municipality.
