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A court in North China's Hebei province on Friday sentenced Zhang Chunjiang, former deputy general manager of China Mobile, to death with a two-year reprieve, after he was found of taking bribes.
The scandal-hit furniture dealer Da Vinci told its Chinese customers it was "sorry" and admitted failing to properly label the country of origin of some products and adequately train the sales staff, who sometimes misled customers, in a statement released on Friday.
Though the performance of China concept shares have improved recently, a number of accounting scandals have damaged the credibility of US-listed Chinese companies.
Hong Kong's sole railway operator MTR Corporation appointed Jay Herbert Walder, who is currently the chairman and the chief executive officer (CEO) of the New York Metropolitan Transportation Authority, as the new CEO with effect from January 1, 2012, the company said here on Friday.
Ausnutria Dairy Corp Ltd's shares surged on Thursday after it said it will buy a controlling stake in Dutch company Hyproca Dairy Group BV.
China's 12th Five-Year Plan (2011-2015) presents huge opportunities for Chinese and foreign investors, and UK-based RIT Capital Partners PLC plans to explore them, said Jacob Rothschild, RIT chairman.
Huawei is now giving the final touches to a strategy that it hopes will further consolidate and strengthen its presence in the highly innovative and demanding European market.
Apple Inc may have surpassed Lenovo Group Ltd's revenue in China for the first time in at least a decade as the iPhone-maker's surge in sales hurt growth at the biggest Chinese computer maker, Bloomberg reported.
Move underscores influence of Chinese market on vehicle trends
China's Simcere Pharmaceutical Group inked a deal with Merck & Co Thursday to form a joint venture, aiming at serving China's rapidly expanding health care needs.
Private enterprises in Zhejiang province, especially small and mid-sized enterprises (SMEs), are speeding up their migration to listed status, said Ernst & Young (E&Y), a leading global tax and transaction service provider.
Nokia Oyj isn't just losing mobile- phone market share to iPhone maker Apple Inc, but also loosing its dominance in China as prices sink, Bloomberg reported.
