Temasek in $3.7b sale in 2 Chinese banks
2011-07-06 11:08:58
Singapore state investor Temasek Holdings launched a $3.7 billion sale in two Chinese state-owned banks late on Tuesday, according to a term sheet seen by IFR, in a move aimed at trimming its exposure to financial sector.
PopCap Games powers up in China
2011-07-04 10:29:37
With the increasing interest shown by Internet users in games, PopCap Games Inc, a United States-based game developer and publisher famed for its popular game Plants versus Zombies (PvZ), sees a rosy future in China.
Samsonite cuts size of Hong Kong IPO
2011-06-11 09:56:46
Samsonite International SA, the luggage maker backed by London-based CVC Capital Partners Ltd, has cut the maximum size of a Hong Kong initial public offering by 11 percent to about $1.3 billion, according to two people with knowledge of the matter.
Novo boosts China funds
2011-06-03 14:15:23
Novo Nordisk A/S will boost investment in China to preserve its dominance in the world's largest market after rival Sanofi SA made a new foray amid an effort by the government to improve health services.
Starbucks in deal with JV partner in China
2011-06-02 13:31:28
Starbucks Corp said it signed an agreement with its joint venture partner in South China, Maxim's Caterers Ltd that gives the world's largest coffee chain full control of more than half of its retail stores in the Chinese mainland.
Samsonite is closer to $1.5b HK IPO
2011-05-31 11:07:02
The Luggage maker Samsonite Group, backed by private equity firm CVC Capital Partners, moved closer to its $1.5 billion Hong Kong initial public offering, setting an indicative range for the deal on Monday, as it bets on booming Asian demand for global consumer brands.
Rio Tinto boosts purchases in China
2011-05-31 09:18:39
Rio Tinto Group, the world's third-largest miner by market capitalization, said it will double its procurement of goods in China to reach $1 billion this year, further highlighting long-term collaboration with the world's largest iron ore consumer.
NZ company fined for misleading label
2011-05-30 15:59:40
A company that imported Chinese powdered royal jelly into New Zealand, and sold it in capsules claiming it was "Made in New Zealand" has been fined 11,400 NZ dollars ($9,137) for violating the country's Fair Trading Act.
Coffee maker Illy banks on China
2011-05-27 10:20:31
The coffee manufacturer and distributor Illycaffe SpA is banking on Chinese consumers' strong demand for coffee from Chinese consumers by opening boutique shops to gain brand recognition and bring in more sales.
Hutchison unit enters China's premium infant milk market
2011-05-26 10:26:45
Hutchison China MediTech Ltd, the pharmaceutical arm of Hutchison Whampoa Ltd owned by billionaire Li Ka-shing, announced on Tuesday that it will enter the Chinese infant-formula milk powder market through cooperation with Hain Celestial Group Inc.
Philips elevates China's market status
2011-05-26 09:56:16
Royal Philips Electronics NV has elevated China's status to that of a "home market", as it decentralizes management and encourages regional markets to learn from China how to obtain higher growth, according to a top company executive.
EU firms say China increasingly becoming 'strategic market'
2011-05-25 17:44:56
European companies said China is an increasingly important "strategic market," according to an annual business confidence survey released by the European Union Chamber of Commerce in China on Wednesday.