Get focus right to achieve a grand vision

Michael Kaschke has a relentless focus, vision and passion for his company. Which is understandable, given that he is president and CEO of Carl Zeiss AG, one of world's biggest optical and optoelectronic solutions suppliers.

Adidas boss plans fast-fashion business to catch up with rivals

HERZOGENAURACH, Ger-many-Adidas AG's new chief executive officer is doubling down on surging sales of casual sneaker lines like Stan Smith and Tubular to trans-form the German sportswear maker into a fast-fashion business and gain ground on larger rival Nike Inc.

HK to draw more mainland buyers

Chinese mainland property developers have been massively expanding their business in Hong Kong in recent years, turning into another strong investment force in the Hong Kong land market, and the trend is expected to continue, according to analysts.

New round of oil M&As on horizon

With world oil prices appearing to have stabilized, analysts said they believe there could be a new round of merger-and-acquisition activities in the sector - as Chinese oil companies took advantage of relatively low asset prices to enter the arena and become active players.

CGGC plugs into project in Pakistan

China has contracted to build a hydroelectric power project in Pakistan, with the first phase of investment reaching $2.5 billion.

Tsinghua to develop chips with UK company

Beijing - Tsinghua Unigroup Ltd is teaming up with Britain's Dialog Semiconductor Plc to develop smartphone chips, in a deal that will help the Chinese technology giant expand its growing semiconductor empire.

Qatar royals, HNA to boost stakes in Deutsche Bank

Frankfurt - Qatar's royal family and China's HNA Group Co, two of Deutsche Bank AG's biggest investors, plan to buy shares in the lender's 8-billion-euro ($8.4 billion) rights offer with a view to increasing their stakes, according to sources.

Taobao boosts rural e-commerce

Almost half of China's 1.3 billion population still live in rural areas.

China Three Gorges helps migrant villagers

China Three Gorges Corporation, the operator of the world's largest power station in terms of installed capacity, has donated three million yuan ($435,800) in a seed fund since 2012, helping alleviate poverty in 10 migrant villages in Yibin in Sichuan province.

JD chief gives a helping hand to his hometown

Liu Qiangdong, CEO of JD.com Inc, China's second-largest e-commerce company, has announced he will donate more than 100 million yuan ($14.5 million) to develop public welfare projects in his hometown of Suqian in Jiangsu province.

IN BRIEF (Page 16)

Shanxi sets sights on IT, clean energy

China's Shanxi province wants to cut its reliance on coal and develop other industries such as information technology and clean energy this year, senior provincial officials said on Tuesday.