Anheuser-Busch InBev SA/NV, the world's biggest brewer by sales, opened, in Beijing's Sanlitun area, its first temporary demonstration center to promote healthy and smart drinking habits as China's beer market undergoes a new boom.
The United Kingdom has unexpectedly emerged as a popular travel destination among Chinese tourists, especially in the second half of the year, industry experts said.
The rapid growth of China's outbound tourism in recent years has given a boost to many ancillary businesses like visa application processing agencies, tourist information services, photo studios, photo-copy centers and cloakrooms near embassies.
Recent yuan depreciation has not dampened Chinese tourists' enthusiasm for outbound trips, but has changed what they do abroad significantly. Now, instead of going on shopping sprees, they savor their leisurely hours.
China Great Wall Asset Management Corporation will start preparatory work for an initial public offering in the mainland and Hong Kong next year.
Shaanxi J&R Optimum Energy Co Ltd is setting its sights beyond its main business of making firefighting equipment, betting that it can achieve strong earnings in the new-energy vehicle industry.
Billionaire Wang Jianlin's Dalian Wanda Group Co is in takeover talks with several candidates to be the conglomerate's vehicle to list its property unit, according to people familiar with the matter.
It took one year for China Eastern Air Holding Co to transform from a debt-laden group to a profit-making one.
Wuhan Hirun Engineering Equipment Co Ltd said it is aiming to export more bridge and anti-seismic products, after building its first high-performance seismic testing machine earlier this year to simulate earthquake effects.
Wuhan, the capital city of Hubei province, is using targeted projects to attracting overseas expertise, both Chinese and foreigners, according to a top official of the city.
Alibaba Group Holding Ltd will spend more than 2 billion yuan ($290 million) buying about one-third of Sanjiang Shopping Club Co, picking up a slice of a regional Chinese discount supermarket chain, which has more than 1 million members.
Chinese mainland mobile developer Meitu Inc said it started testing demand for a proposed Hong Kong initial public offering worth about $750 million, which could be the city's biggest technology listing in nearly a decade.
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Raymond Zhou
Op Rana
Berlin Fang
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Huang Xiangyang
Chen Weihua
