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China Unicom (Hong Kong) Ltd, the nation's second-largest mobile phone company, posted first-quarter profit that fell more than analysts' estimates as it subsidized third-generation (3G) handsets to attract users.
China's second-largest telecom equipment maker ZTE Corp is set to boost its smart-terminal business by becoming one of the top-five global makers of smartphones running on Google Inc's Android operating system this year.
Minmetals Resources (MMR), China's biggest metal trader, said Tuesday it withdrew the planned bid of offering to acquire copper miner Equinox Minerals for C$6.3 billion ($6.6 billion).
Over the past few years, at least 58 mine bosses in Datong of north China's Shanxi province have abandoned their profitable mining businesses and channeled their money into agriculture and food processing sectors.
China Power New Energy Development said on Monday it plans to raise 500 million yuan ($77 million) from bond sale in Hong Kong to fund the construction and operation of its clean energy projects in the Chinese mainland.
Hong Kong's metro system will receive its first train from a mainland manufacturer Thursday, according to a source with the manufacturer.
When the Brazilian landline company Tele Norte Leste Participacoes SA was shopping for network equipment last year, Huawei Technologies Co Ltd's offer stood out: access to China Development Bank's (CDB) $30 billion credit line.
Zhongjin Gold Corp, the listed arm of China National Gold Group Corp (CNGGC), said its first-quarter net income jumped by more than half on increased production and higher gold prices, which reached a new record on Monday.
Boosted by rising sales and prices, Wuhan Iron and Steel Co Ltd, China's third-largest steel maker by production, registered net profit growth of 12.46 percent year-on-year to 1.7 billion yuan ($260 million) in 2010. Meanwhile, net profit rose 111 percent to 608 million yuan in the first quarter of 2011.
Shanghai Jahwa United Co Ltd, one of China's top State-owned cosmetics manufacturers, has ruled out investment by wholly owned foreign companies in its planned share sale to become a public company.
Spanish retail giant ZARA said their garments sold in Beijing are in compliance with all Health and Safety requirements in China, replying to the Beijing Consumer Association (BCA)'s claim of its products failing a quality test.
The German media group Bertelsmann AG plans invest up to $100 million to the Chinese market through its investment arm in each of the coming five years, as part of its efforts to tap emerging markets amid lower growth in developed economies.
