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Gome Electrical Appliances Holding Ltd said it filed a lawsuit against its former chairman, Chen Xiao, for allegedly breaching an earlier agreement with the company and damaging its reputation and operations.
China's Alibaba Group on Wednesday said the company and its major stakeholders Yahoo! Inc and Softbank Corporation "have made substantive progress" toward an agreement to settle the dispute over the status of Ailibaba's popular on-line payment platform Alipay.
Self-dependent innovation and international cooperation will help Chinese large passenger aircraft soar around the world, President of the Commercial Aircraft Corporation of China Ltd (Comac) Jin Zhuanglong has said during the ongoing 49th Paris Air Show.
China Eastern Airlines, a Shanghai-based Chinese airline giant, formally joined the SkyTeam airline alliance Tuesday, according to a company news release.
Investors started on Tuesday to subscribe to new shares of BYD Co Ltd, the Chinese car maker backed by US billionaire investor Warren Buffett, after the company set its Shenzhen share offering price at 18 yuan ($2.8) per share a day before.
Shandong Dong E E Jiao Co Ltd, the largest Chinese ejiao maker by market share, wants to boost its health food business in order to grab a big slice of the promising industry, the company said on Monday in Beijing.
Suning Appliance Co, China's largest home appliance retailer by sales volume, plans to open more stores, increase online sales and expand in overseas markets, company executives said.
Commercial Aircraft Corporation of China Ltd (Comac) signed a contract on Monday with CFM International, making the engine maker the sole overseas supplier for its C919 passenger plane's propulsion system.
Suning Appliance, China's biggest home appliance retailer, aims to add 200 stores a year to its existing franchise network over the next ten years, the Securities Times reported Sunday, citing company chairman Zhang Jindong.
Softbank Corp Chairman Masayoshi Son said he expects to reach an agreement "soon" on its dispute over Alibaba Group Holding Ltd's sale of the Alipay online-payment unit.
With a generous investment of tens of millions of yuan and "an elite editing team" of more than 40 people, mostly borrowed from the corresponding women's publication department, France's Hachette launched its first fashion magazine for men, Elle Men, in China.
China's dairy industry has the lowest quality standards in the world and much of the blame is down to the large companies that dominate it and the rock-bottom prices they pay farmers for raw milk, said industry experts.
