Australia lures $21b bet on coal rebound

Coal's worst slump in seven years has failed to deter GVK Group and Adani Enterprises Ltd from pressing ahead with a $21 billion bet on Australia's Galilee Basin as other companies shelve projects amid rising costs.

Market roundup

Lenovo eyes high-end mobiles

Lenovo Group is eyeing the high-end mobile market and plans to make it generate profits in the post-personal computer era.

Challenge on the e-commerce front

Online advertising company IZP Technologies Co is looking at Chinese shoppers' enthusiasm for overseas products to build a new shopping platform challenging traditional electronic-commerce websites such as Tmall.com and Taobao.com.

Tech bytes

Argument prompts introspection

Management | Yang Ziman

Making the case for innovation in private industry

R&D | Zheng Yangpeng

Scope for aspirations if jobs can be created

Last week investors were disturbed by changes that might be coming in Japan and the US - compounded by a rather lackluster domestic economy.

Microblog insights

Topic 1: China's housing market regulators are considering whether to shift away from the previous administrative tightening measures toward market-based measures, China Securities Journal reported on Thursday. It came as April's housing tightening measures, including a 20 percent gains tax on secondhand house deals, failed to curb rising prices. Market observers still expect a rising trend over the next months. China may expand property tax trials to more cities this year, the paper reported.

Loving is giving

Liang Linlin's wish for the upcoming International Children's Day is some new clothes for her parents. Liang wrote down the wishes on Shangri-La Hotel Beijing's office micro blog. "I want a jacket for my father's birthday," the third-year senior student from Dandelion secondary school wrote, "I can't remember when the last time he bought a jacket was."

Forum on Pan-Asian traveler trends

Set for June 3 at the Shanghai Theater, Portman Ritz-Carlton in Shanghai, the International Luxury Travel Market Asia 2013 opening forum will hear leading industry experts discussing the ongoing rise of the region's luxury travel industry and explore opportunities to build business across the region.

Hotel listings

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