Alibaba.com may be taken private
Tweet China’s largest e-commerce company, Alibaba Group,is planning to take Alibaba.com, its Hong Kong-listed unit, private in a move th at could slow the growth of the website. Yahoo! owns…
Walmart moves to control online retailer Yihaodian
Tweet Wal-Mart,one of the leading retailing giants in the US is planning to acquire a controlling interest in one of the most popular Chinese online retailers, Yihaodian. If the plan…
House prices in China still declining
Tweet Prices of new homes in China continued to decline last month, figures from the National Bureau of Statistics have shown. Excluding affordable housing funded by the government, house prices…
Super rich Asians now targeted by private jet makers
Tweet Private jet makers were targeting Asia’s super-rich at last week’s Singapore Airshow in a bid to convince them to upgrade their spending habits. Gone are the days when stretch-limousines,…
Asia’s budget airlines bracing for cut-throat competition in South Korea this year
Tweet The low-cost airline battle for key routes into Seoul is heating up and price wars look set to break out. Carriers from China and Japan are seeking to launch new…
Foxconn planning to expand in China as Apple prepares to unveil iPad 3
Tweet One of the major suppliers of Apple Inc. products in China, Foxconn Technology Group, is planning to expand its production capacity in the country, a move that is needed to help the company…
Living standards in SE Asia up : washing machine sales rise 18%
Tweet Living standards are rising rapidly in South East Asia if the sales of domestic appliances such as washing machines and air conditioners are anything to go by. According to…
Search engine Baidu’s profit nearly doubled in 2011
Tweet Baidu, China’s leading internet search engine, has revealed a 91.4% increase in profits in 2011 as its usage grows and online advertising in China accelerates. The results were better…
Bombardier to open Indonesia and Singapore aircraft maintenance centers
Tweet Bombardier Inc. has announced it will open major new aircraft maintenance facilities in Indonesia and Singapore. Bombardier (TSX:BBD) is a Canadian manufacturer of aircraft and trains but these investments…
HSBC to push into Chinese mainland
Tweet In a bid to increase its presence in mainland China, HSBC is planning to expand its branch network or raise its stake in the Bank of Communications (BoCom). Speaking…
