CVC Capital Partners Sicav-FIS SA completed its investment and became the majority shareholder in South Beauty Investment Co Ltd, a medium and high-end restaurant chain in China. Expansion to more cities is planned, and the move may boost the country's flagging dining industry.
Alibaba Group Holding Ltd is beefing up its patent holdings in the United States, a move that may help it to avoid the pitfalls that bedeviled Google Inc, Facebook Inc and Twitter Inc ahead of their initial public offerings.
China's biggest telecom carrier said its expansion to Hong Kong eight years ago has proved it can survive in one of the world's most competitive telecom markets, according to the company's Hong Kong chief.
Heavy investment in the fourth-generation network might not bring returns for China Mobile Ltd in the near future, analysts said. It was the only one of the nation's three telecom giants to see first-quarter profits decline.
China's leading liquor producers continue to feel the effects of the ongoing austerity and anti-corruption campaigns, according to reports showing that first-quarter revenues and profits were hard-hit.
Dealers in Chinese high-end native alcohol, or baijiu, have been forced to seek new strategies after price drops triggered by the government's recent curbs on lavish spending.
A unit of Aviation Industry Corp of China will build an unspecified number of solar power plants in Britain, generating a total of 300 megawatts, a top company official said.
China's growing appetite for portable smart devices will accelerate domestic innovation and could shorten the product life cycle across the entire production chain, according to industry insiders.
China's steel industry faces rising costs, shrinking demand and tight loans from banks. Those conditions made the sector's first quarter its toughest this century.
Tougher regulations on television series produced in the United States may be coming after four shows, including popular comedy The Big Bang Theory, were removed from major online video sites in line with a government order, analysts warned on Monday.
E-commerce giant Alibaba Group Holding Ltd, along with private equity firm Yunfeng Capital, agreed to purchase a minority stake in online video company Youku Tudou Inc for $1.22 billion, the companies said on Monday.
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