Sina Corp's Weibo, which offers a micro blog service in China, moved closer to going public in the United States on Monday by choosing the Nasdaq for an initial public offering that could raise up to $500 million.
Beijing is the second-least-developed city for convenience stores in the country, although this part of the retail sector grew faster than department stores and hypermarkets last year, an industry survey shows.
Plans by China Post and US-based China Horizon Investments Group to open 500 directly operated retail stores in rural China have raised doubts over the risks of high logistic costs and insufficient purchasing power in rural communities.
The Coca-Cola Co began a decade-long program in partnership with Tsinghua University on March 31 that will include business courses, research into marketing and faculty development, said Qian Yingyi, dean of the School of Economics and Management.
Japan raised its sales tax on Tuesday, a move likely to depress Chinese export prices to Japan while bilateral trade remains full of uncertainties amid political tensions, experts said.
China's bond market is projected to more than double within five years and account for 70 percent of the Asian bond market, a Boston Consulting Group report said.
Beijing-based Euro-Asia private equity fund A Capital has launched a technology fund targeting 1 billion euros ($1.4 billion). It is designed to help European companies develop businesses with China's large market, its chairman told China Daily on Tuesday.
Jinjiang, widely known as China's footwear capital, is turning to e-commerce in hopes of turning around a slump marked by high inventory and closing stores, the city's mayor said.
The healthcare expertise of the United Kingdom can help China develop a stronger economy, said Nathanael Ming-Yan Wei, the only active Chinese peer in Britain's House of Lords.
Guangzhou-based GSK CNC Equipment Co, one of the leading domestic computer numerical control providers, estimates its industrial robot sales will double to over 800 sets this year and 3,000 sets next year.
Wenzhou's nonperforming loan ratio is growing at a slower pace and is projected to reach its peak, according to the mayor of the city.
Ongoing urbanization and the battle with smog pollution in China has created a huge market for generating heat from industrial waste that has attracted foreign investment and technology.
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