Weichai Power, a major sponsor of the Ferrari Formula One racing team, is to strengthen its partnership with the Italian supercar maker, after signing a strategic alliance with it on technology development, brand promotion and market exploration over the next four years.
Tencent Holdings Ltd, the Chinese mainland's biggest Internet company by sales, is increasing its footprint outside the mainland by offering online payment services, amid similar approaches by competitors to cash in on overseas shopping.
The period of breakneck growth in demand for luxury brands in China appears to be over, with many of the world's top brands now working hard to consolidate their positions by improving their service to customers.
Chinese online luxury retailers have big ambitions, despite the market's slower growth in recent years.
Niche luxury labels are now targeting China, as many of the more everyday luxury brands start to experience slower growth.
L'Oreal Group, the world's largest cosmetics and beauty company, plans to further develop China's luxury beauty market, seeing huge potential from the next generation of luxury consumers, its rising middle class and smaller cities.
Christie's International PLC, one of the two largest global auction houses for fine arts, said it will become the first international auction company to operate on the Chinese mainland without a local partner.
Singapore Exchange Ltd plans to list renminbi-denominated equities this year, followed by more Chinese currency financial products in 2014, in the hope of building itself into an international RMB offshore hub, the company's CEO said on Wednesday.
After a tough year for private equity market players in China, with the volume and value of deals plunging, funds will be more focused on value creation in 2013, according to a report released in Shanghai on Wednesday.
Friends and family find it strange that Wang Yami, an IT office worker, thinks of March 23, 2008, as a life-changing date.
China's construction machinery market is expected to bottom out in 2013 as major market players specialize their business operations amid weak demand and fierce competition.
Ever since US President Barack Obama gave a shout-out to 3D printing in his annual address, there has been a surge in interest worldwide in the emerging technology, and China is no exception.
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Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
Liu Shinan
