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New seeds of innovation needed for flower growers

2011-07-20 11:27:55

While China has the greatest combined plantation area for flowers in the world, few of the varieties grown are native to the country or have domestic intellectual property rights, according to industry experts.

Baidu jumps into social music arena

2011-07-20 10:28:29

Baidu Inc, China's biggest search engine by market share, has reached an agreement with three major international record companies to provide licensed digital music, a move to clear itself of any involvement in copyright infringement and fuel the growth of the online music market.

NVC seeking to acquire European lighting firms

2011-07-20 10:11:02

Hong Kong-listed NVC Lighting Holding Ltd, a leading Chinese lighting products maker, plans to acquire small and medium-sized European firms, as the firm aims to expand into new markets.

Wanxiang signs deal in Indiana

2011-07-20 09:54:10

Wanxiang Electric Vehicle Co, based in Hangzhou, Zhejiang province, will partner once again with US-based battery maker Ener1 Inc in an announcement made at the Indiana-Zhejiang Business Symposium in Indianapolis on Monday.

Huawei to buy more from Taiwan

2011-07-20 09:47:28

Huawei, a leading information and communication technology solutions provider in the Chinese mainland, will increase purchases from Taiwan suppliers, said a senior manager Tuesday.

Chinese, Russian automakers form JV

2011-07-20 08:53:48

China's fifth largest automotive group, Beijing Automotive Group (BAIC Group), announced Tuesday the establishment of a joint venture with Russia's AMS Auto.

Furniture retailer apologizes

2011-07-19 16:19:00

Furniture imports dealer Da Vinci, which has been accused of faking certificates of origin for its pricey pieces, released a public apology letter Monday afternoon that said the company will "take responsibility and fix the mistake".

Apple eyes bigger slice of Chinese market

2011-07-19 16:13:50

Apple Inc is getting closer to offering the iPhone through China's largest mobile carrier, China Mobile Ltd, giving the company access to hundreds of millions of new customers.

Sihuan Pharmaceutical sells 50% unit stake

2011-07-19 15:19:47

Sihuan Pharmaceutical Holdings Group Ltd said it would sell a 50 percent stake in a wholly owned pharmaceutical products distributor to Shandong Buchang Pharmaceutical Co Ltd for 637.5 million yuan ($98.55 million).

Hainan Airlines to invest in Hungary

2011-07-19 15:10:19

China's Hainan Airlines Group is planning to buy shares in Europe's Malev Hungarian Airlines, Securities Daily reported on Tuesday, citing Chen Feng, vice president of the group.

Yiling Pharmaceutical plans $348m IPO

2011-07-19 13:40:22

Chinese herbal medicine maker Shijiazhuang Yiling Pharmaceutical will raise up to 2.25 billion yuan ($348 million) in an initial public offering (IPO) in Shenzhen, a third more than originally planned.

Citic PE launches 5b yuan mezzanine fund

2011-07-19 13:26:17

The private equity unit of Citic Securities Co, China's biggest listed brokerage is making its foray into debt financing by launching a 5 billion yuan ($773 million) mezzanine fund, an investor said.