Dongfeng wants to focus on its own-brand cars
Tweet Dongfeng Motor Corporation, one among the leading Chinese automakers reported Saturday that it is planning to increase sales of its own brand of vehicles three times to 3 million units…
KFC owner Yum says its future is in Asia
Tweet Yum!, the fast food chain operator, said yesterday that its future was firmly in Asia. The company which owns KFC, Pizza Hut and chinese brand East Dawning and mongolian…
Air Asia IPO is postponed
Tweet The planned PT AirAsia Indonesia initial public offering (IPO) has been postponed until next year. Speaking with Tempo Co. on Sunday, the budget airline’s communications manager Audrey Progastama Petriny,…
China secures more Australian LNG through Sinopec
Tweet China has secured more energy reserves, this time from Australia, through the government backed energy company Sinopec. Sinopec has said that it wants to increase its stake in the…
Google starts construction of USD 300m datacenter in Hong Kong
Tweet At a ground breaking ceremony held on Thursday, Google Inc. announced that it is planning to invest 300 million US dollars in its Hong Kong datacenter. According to the…
Nestle considers closing Shanghai ice cream operations
Tweet The Nestle ice cream plant located in Shanghai could soon be closed down. Speaking with Yicai.com, a Nestle employee said that the company is also reassessing its strategy for…
Nestle deal shows China is not against foreign ownership of consumer brands
Tweet China’s Ministry of Commerce has cleared the way for Nestle to take control of confectionary and cakes manufacturer Hsu Fu Chi, showing that foreign ownership of China’s domestic brands…
Baidu spins Youa.com off using venture capital funding
Tweet China’s most popular search engine, Baidu.com Inc (NAQ:BIDU), has spun off Youa.com, its e-commerce platform. Qiming Venture Partners and IDG-ACCEL have already given the new company millions of dollars in…
Over half of Apple iPhones in China have been jailbroken
Tweet Over half of iPad and iPhone users in China have jail broken their Apple devices ostensibly to avoid paying for applications, a report released by research firms yesterday shows.…
Alibaba testing Laiwang, a new social network
Tweet (Reuters) – Alibaba Group, China’s largest e-commerce company, said on Friday it is beta-testing a new social-networking-product, as the firm expands outside e-commerce to seek other revenue streams. An…
