Samsonite International SA said it expects its luxury travel products brand, Tumi Holdings Inc, to double sales to $1 billion as the world's biggest luggage maker pushes the newly-acquired company into the global market with new, lightweight products.
Chinese mainland stocks in Hong Kong rose on Thursday, led by financial companies, as improving manufacturing data boosted confidence in the nation's economy. Macao casino operators climbed after gambling revenue in the city increased.
China's top two makers of household goods are enjoying an earnings boost as millions of Chinese families increasingly adopt higher-priced smart appliances, such as refrigerators that connect to the internet.
China Evergrande Group's debt-fueled expansion spree shows no signs of slowing down.
Fosun International Ltd, the flagship of the Chinese conglomerate that owns Club Mediterranee SA, signaled the company will announce information related to initial public offerings of its healthcare assets before the end of the year.
Apple Inc is partnering with one of its major Chinese suppliers to promote the use of renewable energy for all of the US tech giant's operations, an initiative that is expected to avoid nearly 450,000 metric tons of carbon dioxide each year.
More than 35,000 participants across the country, from 19 cities, joined in the activity
Power giant also cares for the conditions and livelihood of the local community
China Southern Airlines, the country's largest carrier by passenger traffic, reported a drop in its net income in the first half of the year, citing the yuan's depreciation against the dollar.
Anta Sports Products Ltd, China's largest athletics apparel company, said it is seeking to buy international sportswear brands as the country's growing middle class becomes more health-conscious and physically active.
Editor's Note: In this ongoing series on the birth and growth of privately owned Chinese companies that are redefining innovation, China Daily profiles Zhejiang Tianma Bearing Group Co Ltd, one of China's major private manufacturers of bearings, which plans to add to its research and development of high-end materials for the aerospace and auto industries.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
