Gome Seeks to Enlarge Board Representation for Founder
GOME said it will seek approval from shareholders to enlarge its board to 13 directors from 11 and appoint two directors nominated by Shinning Crown.
SINA, MSN China Wrap a Deal in Instant Messaging
SINA Corp, which operates the largest web portal in China, is reported to have entered into a strategic partnership with MSN China.
Gov. Intervenes in China's Most Serious Internet Spat
Chinese government intervened in the most serious Internet spat that has been lasted for months.
China Minmetals Plans Hong Kong IPO for Rare Earth Unit
Chinese mining giant Minmetals plans to list its rare earth unit in Hong Kong, as the price of rare earth elements hit new highs driven by rendered speculation amid international supply worries.
Taobao Mall Launched New Web
Taobao is re-branding its B2C platform Taobao Mall, giving it an independent web address, Tmall.com, and spending $30 million in an advertising campaign to attract more users.
China Publishing Group Listed in Shanghai, “Big & All-inclusive”
This has been the first publishing group to go public with whole products – including but not limited to traditional publishing and distribution businesses.
Intel's New Plant in Dalian Opens
Intel’s new chip plant in Dalian, on China’s northeastern cost, enters production on Tuesday.
China Becomes the Third Largest Market for Volvo
By the end of September 2010, Volvo vehicles sold in China rose 52 percent year-on-year, compared with the average growth of 12.5 percent in global market.
Everbright Bank Predicts 2010 Profit to Top 50Pct
China Everbright Bank is likely to report an earnings increase of at least 50 percent year-on-year for the full year of 2010.
Baidu Q3 Revenue Rises 76.4Pct
Third-quarter revenue for Baidu rose 76.4 percent to 2.256 billion yuan, the largest Chinese search engine announced in its latest results.
Minmetals Agrees to Buy MMG for $1.846 Bln
Monmetals Resources Ltd., has agreed to pay 1.85 billion U.S. dollars in cash and shares for MMG, marking a shift in its international role.
AIA Sets Prices for Hong Kong IPO
The offering would make it the second largest global initial public offering after the Agricultural Bank of China.
China's Growing PE Funds to Change the Existing Market Structure: DTT
Investors are optimistic about China’s private equity funds market and RMB funds, and competitions generated by RMB funds will emerge as a new challenge for PE investment activities.
Alibaba, Microsoft Launch New Search Site
Etao has limited its searching services to areas in online shopping currently, is likely to develop into a comprehensive search engine, competing Baidu and Google.
CNOOC Wraps Deal with Chesapeake in Eagle Ford Shale
CNOOC agreed to buy one-third of Chesapeake Energy Corp's acreage in the Eagle Ford shale in South Texas for $1.08 billion in cash.
Sinohydro Group Invests CNY10 Bln in Iran Dam Project
Sinohydro Corportation is to invest 10.035 billion yuan in a dam project in Iran, following a Zahedan hydroelectric project this January.
Chinese Jailed Appliance Tycoon Loses Wars with Board
A widely held opinion from analysts highlights the importance of the voting under modern company law, not only for Gome,but also for the entire market.
China's GDB to Issue 50Bln Yuan Sub Debt in 2010
The 50 billion yuan sub debt issuance is part of its management planning for the year 2010-2012, aiming to replenish capital and push forward the process of its planned listing on a stock exchange.
Buffett to Sell Stake in Chinese Car Maker BYD?
Buffet could deliver some tough talk when he visits BYD next week, including potential plans to sell down his stake in BYD.
COFCO to Launch the First Agricultural Investment Fund
COFCO has selected three partners to launch a $1 billion agricultural investment fund, sources said. It will be the largest of this kind in China.
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