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Baidu signs music agreement with studios

2011-07-19 13:20:52

Baidu, China's largest search engine, said on Tuesday it has signed an agreement with major music studios for the licensed distribution of music through its mp3 search service.

Hudong-Zhonghua wins $1b ship orders

2011-07-19 11:26:32

Shanghai's Hudong-Zhonghua Shipbuilding has signed orders to build four liquefied natural gas (LNG) carriers worth about $1 billion from joint ventures of Japan's Mitsui OSK Lines (MOL), its first major LNG export orders, a newspaper reported on Monday.

Citic Pacific shares plummet in HK

2011-07-19 11:24:49

Citic Pacific Ltd, an arm of China's biggest State-owned investment company, plunged in Hong Kong after saying the development of its $2.6 billion iron ore mine in Australia may cost 35 percent more than expected and also be delayed.

CMB to raise up to $5.4b

2011-07-19 10:56:36

China Merchants Bank (CMB) will raise up to 35 billion yuan ($5.4 billion) in a Hong Kong and Shanghai rights issue, it said on Monday, as a lending spree during the financial crisis drained its capital.

Siemens' health unit to focus on smaller cities

2011-07-19 10:41:41

China is expected to be the second-largest market in the world for Siemens Ltd's healthcare sector over the next two years, driven by the company's new five-year plan focusing on the development of basic medical care.

Hainan carrier weighs European presence

2011-07-19 10:36:23

HNA Group, China's fourth-largest airline group, is seeking to become the first Chinese airline to invest in the European aviation sector by bidding for a Hungarian carrier and a German-based airport operator.

Changan-PSA JV gets approval

2011-07-19 10:22:38

China's top economic planning department has approved a joint venture between the China Changan Automobile Group (CCAG) and French automaker PSA Peugeot Citroen, the CCAG said Monday.

BOMCO joins Brazilian firms in partnership

2011-07-19 10:18:11

Baoji Oilfield Machinery Co Ltd (BOMCO), the largest oil equipment subsidiary of China National Petroleum Corp (CNPC), has set up a joint venture in Brazil with local companies, CNPC said on its website Monday.

PICC plans $5b to $6b IPO in HK, Shanghai

2011-07-19 09:50:42

PICC, one of China's largest insurers, plans to raise $5 billion to $6 billion in an initial public offering (IPO) in Hong Kong and Shanghai, International Financing Review reported.

NDRC approves Peugeot, Chang'an joint venture

2011-07-19 09:27:26

China's fourth-largest automaker, Chang'an Automobile Group, said on Monday that its joint venture with Europe's second-largest automaker, PSA Peugeot Citroen, was approved by the National Development and Reform Commission.

Android 3G sales take off for China Unicom

2011-07-19 09:21:41

China Unicom said more than 35 percent of its 3G smartphones sold in Q1 were Android-based versions, indicating a declining dependence on Apple Inc's iPhone series.

Picture gets worse for Da Vinci

2011-07-19 07:46:34

Da Vinci, the furniture retailer caught up in a scandal about the origin of its furniture, is refusing to give refunds to customers.