Bank of China Ltd is seeking to appeal against a United States court order that imposes $50,000 daily fine on it for withholding information, its legal advisers said on Wednesday.
Danone SA, the French dairy giant, has offloaded its struggling Dumex China unit to a subsidiary of China Mengniu Dairy Co Ltd for 150 million euros ($159 million).
The Ministry of Commerce has warned companies operating overseas that they face increasing security risks, after 345 security-related incidents were reported since 2010.
Hung Yau-lit, chairman of the world's biggest bramaker, can thank Victoria's Secret for his newly minted fortune.
As an expat business journalist working in Beijing, I dream of one day interviewing Jack Ma, executive chairman of Alibaba Group Holding Ltd. He enjoys iconic status worldwide already and I wish to pick his brain on a variety of subjects.
China's debt buildup is continuing despite economic slowdown, but for the time being, it won't trigger a financial crisis, said a credit officer with global credit ratings agency Moody's Investor Service.
Copper producers from China have decided to cut output in 2016, in an effort to rein in commodity prices, which fell to a six-year low recently.
A Chinese consortium led by China Media Capital Holdings is investing $400 million in an Abu Dhabi-based company that owns Manchester City Football club, the top-ranked English Premier League team.
China Resources Beer (Holdings) Co will soon ask investment banks to pitch for a role advising on options for its Chinese brewery joint venture with SABMiller Plc, people with knowledge of the matter said.
The Asian Infrastructure Investment Bank, the new international development bank led by China, plans to lend $10 billion to $15 billion a year for the first five or six years, a top official said on Tuesday.
Didi Kuaidi, China's largest mobile-based ride-on-demand service provider, said it is expanding its private-car hailing services to more than 400 cities in the next three months, putting in place what it claims is the largest ride-sharing network in the world.
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