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A subsidiary of the China Petrochemical Corporation (Sinopec Group) breached the group's internal rules by handing out millions of yuan in bonuses to executives and employees between 2008 and 2010, the Beijing News reported on Thursday, citing a company document.
Baidu Inc, the owner of China's most popular search engine, has "plenty of room" to expand, according to Chief Executive Officer Robin Li, after some analysts projected slowing growth at the company.
New Oriental Education & Technology Group Inc, China's largest private-education company by market share, will open fewer schools and focus on filling classrooms as it aims to boost profit margins.
China will become the largest market for the long-haul budget airline AirAsia X, if the Malaysia-based carrier's applications to open routes in Beijing and Shanghai are approved by the governments of both countries.
Huawei Technologies Co Ltd, China's biggest telecommunication equipment maker by sales, is set to boost its enterprise and terminal businesses in Malaysia this year, in addition to selling mobile networking equipment in the market.
Malaysia's Lion Group, a diversified conglomerate that controls Parkson Retail Group Ltd, said it plans to open as many as three large shopping centers in China's big cities this year, in an effort to expand its retail presence in the world's second-largest economy.
German fashion house Hugo Boss reported a jump in sales and profits for the start of 2011 and confirmed its outlook for the year on Asian demand for European luxury labels.
The Israeli investment giant Infinity Group said it will continue to focus on technology transfer to succeed in the fierce private-equity (PE) market.
China National Cereals, Oils and Foodstuffs Corporation (COFCO), the country's largest oils and food trader, plans to aggressively expand its vineyard ownership overseas on the heels of two recent purchases, senior company officials said.
Atlas Iron Ltd, the fourth largest Australian iron ore producer, said it has been seeking Chinese investors, 21st Century Business Herald reported Thursday.
Aedas Ltd, a leading architectural design company, is targeting the Chinese market as part of an expansion strategy that will take advantage of the opportunities provided by the country's investment in high-speed rail, Ken Wai, managing director of Aedas China, said on Monday.
US-based Invista Inc, one of the world's leading integrated suppliers of polymers and fibers, put into operation the second-phase project of its spandex production base in the Pearl River Delta city of Foshan.
