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The London-based spirit-making giant Diageo Highland Holding BV (Diageo) has received Chinese regulators' approval to acquire an additional 4 percent stake in Sichuan Chengdu Quanxing Group Co Ltd, hugely increasing its influence over the listed liquor producer Sichuan Shuijingfang Co, Ltd (Shuijingfang).
The Commercial Aircraft Corp of China Ltd, which is undertaking the construction of large domestic passenger jets, began its first joint venture on Tuesday with a foreign company in the hope of using world-class manufacturing techniques in the production of the homegrown C919 airplane.
A US price hike by soft drink giant Coca-Cola won't affect Coca-Cola prices in China, China Business News reported Tuesday.
Sun Art Retail Group Ltd, the Chinese hypermarket operator backed by France's Groupe Auchan SA, plans to raise as much as HK$8.2 billion ($1.1 billion) in a Hong Kong initial public offering.
China Construction Bank's Inner Mongolia branch offered to sell the bank's 5.63 percent holdings of Baotou Iron and Steel (Baogang Group) for 715 million yuan ($110.4 million), Shanghai Securities News reported Tuesday.
For Montblanc International GmbH, China will become the destination for the German luxury goods manufacturer with the largest investment and an intense focus, said the company's chief executive officer.
The profit growth of Chinese industrial companies has slowed after the government tightened credit to curb inflation and prevent asset bubbles.
China UnionPay (CUP), a bank card services provider, said Monday it has reached an agreement with Taiwan-based Financial Information Service (FISC) to further expand the acceptance of CUP bank cards in Taiwan.
China's regulatory body has approved British drink giant Diageo's acquisition of additional shares to become the controlling shareholder of one of the best-known Chinese liquor brands.
The world's largest payment network Visa has been in a one-year-long battle with China's biggest electronic payment network China UnionPay over royalty payments.
While Groupon Inc, the biggest online coupon company, is busying heading for the stock market, Chinese clones, too, are busy chasing cash.
Twelve property firms have been fined a total of 3.64 million yuan ($563,000) by China's price watchdog for failing to mark or fabricating the sale prices of homes they were selling, according to the country's top economic planner.
