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  • Huawei to establish Finland R&D center

    2012-12-12 10:15

    Huawei Technologies Co Ltd's latest investment to build its Finnish R&D center shows the company's ambition to be a major player in the global smartphone market. The move could help Huawei better explore the European market, analysts said.

    Huawei, the world's second-largest telecom equipment vendor by sales, announced on Monday that it will invest 70 million euros ($88 million) over a five-year period to establish a research and development center in Helsinki, Finland.

  • ZTE to invest further $30m in US

    2012-12-13 11:12

    ZTE Corp announced on Wednesday that it will strengthen its presence in the United States by investing $30 million in the country.

  • Companies still drawn to Peru, despite obstacles

    2012-12-11 09:49

    Peru is one of the world's top 12 mining countries, possessing rich reserves of copper, zinc, silver, iron ore and oil.

    This has proved attractive to a number of companies from around the world.

    Chinese enterprises are learning to adjust to various new obstacles to doing business in Peru, including environmental rules, strikes and local laws.

  • Chinese brands in US building name recognition

    2012-12-10 13:44

    Top marketing experts in the United States say Chinese consumer companies are making moves to build "brand name recognition" in the US Firms like appliance maker Haier and sportswear company Li Ning are making significant in-roads.

    But Chinese companies still face a long path to penetrating the hearts and minds of American consumers.

  • Canada OKs CNOOC's $15b purchase of Nexen

    2012-12-08 09:41

    After months of debate, Canadian regulators on Friday approved China National Offshore Oil Corp's $15.1 billion purchase of Calgary-based Nexen Inc. Timeline Chinese Companies' Overseas Footprint

  • Zhongkun pledges to fight for Iceland project

    2012-12-05 09:27

    Huang Nubo, chairman of Beijing-based Zhongkun Investment Group, is planning to protest directly to the Icelandic government after it ordered him to reapply for permission to go ahead with a major tourist project on the northeast coast of the island.

    Huang said: "I feel I have been disrespected and deceived, as the owner of a private Chinese company trying to invest in Iceland."

    Huang said he suspected the decision had been made because of discrimination against Chinese investors, and claimed it had broken World Trade Organization rules.

  • Harvesting opportunities on foreign soil

    2012-12-04 10:02

    Entrepreneurs in northern China have been talking about the agricultural opportunities across the border since Russian President Vladimir Putin set out a plan to develop Russia's Asian areas at this year's APEC summit.

    But it's not just talk. In fact, hundreds of companies and even individual farmers are already involved in agricultural projects in Russia's Far East, according to the commerce bureau of Northeast China's Heilongjiang province, which shares a border of more than 2,900 km with Russia.

  • Pengxin completes New Zealand dairy farms purchase

    2012-12-04 11:16

    Shanghai Pengxin Group has completed the purchase of 16 dairy farms in New Zealand, after nearly two years convincing local authorities.

  • Eyeing up jobs with Chinese companies

    2012-12-03 09:05

    More foreigners are employed by or showed a stronger interest in working for China-based companies against a backdrop of the rise of the country's economy and the global expansion of many Chinese firms.

    In addition to talented foreigners, Chinese companies are also very interested in taking people who have experience in foreign companies.

  • State Grid inks Australia deal

    2012-11-30 09:59

    State Grid Corp of China, the world's largest utility company, announced plans on Thursday to gain a 41.1 percent stake in a large Australian power company.

    The proposed deal would see State Grid buy the stake in ElectraNet Pty Ltd, which operates the electrical grid in Southern Australia, from the Queensland state government's Powerlink.

    Earlier this month, Liu Zhenya, president of State Grid, said the company aims to quadruple its overseas assets by 2020, bringing their value as high as $50 billion.

  • Chinese firms urged to fulfill responsibility in Africa

    2012-11-29 11:15

    A China-Africa conference on Wednesday urged Chinese enterprises with ties to Africa to fulfill their corporate social responsibilities and abide by local laws and regulations.

    According to a press communique issued after the Third Roundtable Conference on China-Africa Cooperation, held in southern province of Hainan, Chinese companies doing business with African partners or in Africa should promote social benefits as well as business growth in an effort to bring more benefits to local people.

  • CNOOC, Nexen reapply for US deal approval

    2012-11-28 14:59

    China's State-owned CNOOC Ltd and its Canadian takeover target Nexen Inc have withdrawn and resubmitted an application for US approval of their $15.1 billion deal, as Canada gets close to its decision on whether to approve the transaction.

    The energy companies said on Tuesday that discussions with the Committee on Foreign Investment in the United States, or CFIUS, were still in progress, "with a view to completing the CFIUS review process as expeditiously as possible."

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