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Metso Corp will supply minerals processing equipment to Taigang Group Lanxian Mining Co Ltd, (TISCO), the largest stainless steel manufacturer in China. The value of the order will not be disclosed.
Three college students are set to become overnight millionaires after a Sichuan oilfield service company's initial public offering, the Chongqing Economic Times reported Wednesday.
BYD Co Ltd expects its net profits to plummet 85 percent to 95 percent for the first half of this year, compared to the same period a year ago, China Business News reported on Wednesday.
China First Automobile Works Group Corp (FAW) has worked out a detailed plan to create a listing vehicle, moving a step closer to a long-awaited initial public offering, its two listed subsidiaries said on Wednesday.
Luxury carmaker BMW hiked its profit target for the year thanks to booming sales in China.
China's Sina Corp will launch a virtual currency for its highly popular microblogging service, Weibo, in the third quarter this year, the firm's first real push to monetise the platform, a source close to the matter said on Wednesday.
China Telecommunications Corp Ltd (China Telecom) plans to offer Apple Inc's popular iPhone in China by close to the end of 2011, sources said, making it the second operator to do so in the world's largest mobile phone market.
ReneSola Ltd, a China-based solar wafer producer, joined a slew of companies in cutting its quarterly revenue and gross profit margin view, as lower subsidies in major European markets weigh on sales and prices.
Hainan Airlines Co, controlled by the investment arm of the Hainan provincial government, plans to raise as much as 8 billion yuan ($1.2 billion) in a private share placement partly to help pay bank loans.
Alibaba Group Holding Ltd will launch its own mobile operating system (OS) before the end of August, with the cell phone maker Beijing Tianyu Communication Equipment among the first vendors to adopt the new system, a source close to Alibaba told China Daily.
Fiat Group Automobiles plans to have 100 dealerships in China by September 2012, said a senior executive on Tuesday.
Investment group Orchid Asia said on Tuesday it has raised $650 million for its fifth China private equity fund after the fund was heavily over-subscribed, underscoring strong foreign interest in Chinese assets despite a tough fundraising climate.
