GM Ready to Clinch the Title of Biggest IPO Ever
Chances are rising for General Motors Co GM.UL to clinch the title of the biggest initial public offering ever in history, after the auto maker priced shares at the top of the proposed range in response to huge investors.
GOME to Hold EGM to Add Two Directors
An GEM will be held on Thursday to discuss proposals to add two of Huang’s representatives to the board, after the two reached an agreement to end the dispute over power control at the second-largest retailer in China.
China Eyes Closely on "Hot-money" Flows into Property
China said Tuesday it will keep a close eye on the “hot-money” inflows into China, especially in the real estate area, in an attempt to stabilize the property market.
SAIC to Purchase 1Pct of Stake in GE
China’s biggest car maker SAIC is close to a deal with U.S. GM to buy 1 percent of stake for about 500 million U.S. dollars.
Yohoo Says No Plan to Slash 20Pct of Staff
Yahoo Inc. on Thursday deflected a report that the Internet company plans to cut a 20 percent of worldwide staff, calling it "misleading and inaccurate."
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,, 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.
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