Business / Corporate Reports

Ford China sees boom in April sales revenue

[2013-05-13 11:31]

Ford China announced on May 8 that it sold 75,331 units this April, up 37 percent year-on-year.

Great Wall reports Q1 profit surge

[2013-05-06 11:48]

Leading domestic brand by sales Great Wall reported net profit of more than 1.89 billion yuan in the first quarter, a 73.39 percent surge from the same period a year earlier.

Profits up 10.5% for giant SAIC Motor in Q1

[2013-05-06 11:30]

SAIC Motor Corp reported a 10.54 percent increase in net profit in the first quarter to nearly 6.2 billion yuan on revenues of 145.2 billion yuan

GM's China sales up 10% in Q1

[2013-05-04 01:37]

GM, which had 15.2 percent of the Chinese market during the January-March quarter, expects to invest at least $11 billion in China between 2013 and 2016.

Massive surge in BYD's Q1 net profits

[2013-04-26 13:34]

BYD Co, a Chinese auto manufacturer, said its net profit hit 112 million yuan ($18.16 million) in the first quarter of the year, an increase of 315.63 percent.

GM's sales up 4% on strong US, China demand

[2013-07-17 09:51]

General Motors Co's global sales rose almost 4 percent in the first six months of the year as strong demand in the US and China outweighed sliding sales in Europe.

China's SOEs H1 profits up 7%

[2013-07-16 17:43]

China's State-owned enterprises saw their profits rise 7 percent year on year in the first half, picking up from the pace of 6.5 percent in the first five months.

Samsung's smartphone champ braves a tough crowd

[2013-07-08 15:00]

It's not easy being JK Shin. The Samsung Electronics CEO has driven record quarterly profits and sells, and yet investors are still displeased.

Coal firm forced to cut prices amid bleak market

[2013-07-04 15:25]

Yanzhou Coal Mining, a major mining company in eastern China, has cut coke prices for the fourth time this year by as much as 10 percent.

Poly registers sales growth in first half

[2013-07-04 13:51]

Poly Real Estate Group, one of the largest property developers in China, achieved sales of 63.6 billion yuan ($10.3 billion) in the first half of this year.

Tencent puts payment app on WeChat

[2013-07-04 02:44]

Tencent Holdings Ltd is introducing a payment service to its instant messaging service WeChat, the latest attempt to commercialize the application.

ICBC tops world banks ranking: The Banker

[2013-07-02 09:47]

The Industrial and Commercial Bank of China has moved from third to first place in The Banker's Top World Banks ranking this year.

Sinopec buys Angola oil field stake for $1.52b

[2013-06-25 09:23]

China Petrochemical Corp announced that it has signed a deal with US oil giant Marathon Oil Corp to buy its oil and gas field in Angola for $1.52 billion.

CNPC's oil import from Russia to reach 46.1m tons

[2013-06-25 09:19]

China National Petroleum Corporation said Monday that the company's future crude oil import from Russia will hit 46.1 million tons annually.

Bright Dairy to cede majority stake in NZ's Synlait Milk

[2013-06-24 14:05]

China's Bright is to lose its majority shareholding in New Zealand's Synlait Milk when the dairy processor lists on the New Zealand stock exchange next month.

Johnson&Johnson to serve growing middle class

[2013-06-07 07:32]

Global healthcare giant Johnson&Johnson will attach more importance to the Chinese market amid the expansion of the country's middle class and its aging population.

Kindle to be launched in June

[2013-05-30 07:13]

Amazon.com Inc will start selling its e-book readers in China next month as the online retailer seeks to cash in on the digital content it offers in the world's second-largest economy.

SOE profits rise in first 4 months

[2013-05-23 09:34]

Central State-owned enterprises generated profits of 536.24 billion yuan in the first four months of this year, a 12.8 percent increase on the same period in 2012.

Chrysler to recall 4,783 vehicles in China

[2013-05-06 10:57]

US automaker Chrysler will recall 4,783vehicles exported to China to fix defective fuel tanks that could pose safety risks.

GM's China sales up 10% in Q1

[2013-05-04 01:37]

GM, which had 15.2 percent of the Chinese market during the January-March quarter, expects to invest at least $11 billion in China between 2013 and 2016.

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