Spring Group, the parent company of Shanghai-based Spring Airlines Co Ltd, is launching a new hotel brand in Japan in association with a local partner, marking its first entry into the overseas hotels sector.
Three Chinese companies are planning bids for Starwood Hotels & Resorts Worldwide Inc, which operates the Sheraton, Westin and W hotel chains, in what could be the biggest-ever Chinese takeover of a United States company.
This is truly the age of extravagant, media-mesmerizing corporate events. Companies go to extremes to create a splash via carefully orchestrated events like product launches, annual dos, earnings disclosures and corporate deals.
Mark Mobius is convinced that China's push into technology, consumer and service industries will produce a more sustainable expansion in the world's second-largest economy. He is just not so sure it is going to work out for equity investors.
Stock prices posted marginal gains on Tuesday as a rally in the technology, Internet and logistics sectors kept the buying interest active.
Switzerland's Sonova Group, the world's largest hearing-care services provider by revenue, said its next phase of progress in China will see manufacturing and research facilities being set up in the country.
Promisechina (Shanghai) Investment Co Ltd, a debt collection agency, is hoping to list on the National Equities Exchange and Quotations, also known as the new third board - a strong indication of the growth in bad debt among the country's commercial banks.
Alibaba Group Holding Ltd's second-quarter revenue beat analysts' estimates as China's biggest online shopping company boosted advertising to fend off a slowing economy.
Coretronic Corp, a Taiwan-based company that manufactures panels for United States tech giant Apple Inc, is halting production at one of its mainland factories due to dwindling iPad sales.
The coming together of Ctrip.com International Ltd and Qunar Cayman Islands Ltd, two of China's leading online travel companies, is expected to end the rampant price war in the sector, analysts said on Tuesday.
Ping An Insurance (Group) Company of China Ltd, the country's second-largest insurer, has formed a $600 million fund with Blumberg Investment Partners to make real estate investments in the United States.
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Raymond Zhou
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