Business

Japanese Restaurant Raises US$10M for China Expansion

Marcel Woo   | Apr 23, 2014 11:06 AM EDT

Akasakatei, one of China's Teppanyaki, barbecue and Japanese-cuisine restaurant, announced that it has completed a round of financing to raise US $10 million for its planned expansion in the country, the food chain said. read more

Shandong Airlines Places US$4.6 bln Worth of Orders for Boeing Aircrafts

Acsilyn Miyazaki   | Apr 22, 2014 11:31 AM EDT

Shandong Airlines said it has placed an order with for 50 Beoing 737 aircraft valued at US$4.6 billion.The move came after Chinese airline companies began looking at getting more fleets to respond to the growing demands of local air travel. read more

4 IT Workers in Beijing Earn Big Bucks Selling Burgers

Qi Qin   | Apr 22, 2014 09:48 AM EDT

After years of working in China's Information Technology (IT) industry, four IT experts in Beijing launched a 10-square-meter shop selling Chinese-style burger and earn 10,000 yuan daily, the Huashang Daily reported. read more

China’s Most Expensive Car Gets First Buyer

Acsilyn Miyazaki   | Apr 21, 2014 11:00 PM EDT

China's most expensive car costs CNY5 million and believe it or not, someone paid to get the luxury vehicle. China FAW Group Corp has started receiving orders for the customized Red Flag L5 which is also the country's most priced vehicle. read more

Tough online banking rules take effect June 30

Arthur Dominic Villasanta   | Apr 21, 2014 09:40 PM EDT

PBOC and CBRC ordered all banks to be prepared to implement the new transaction limits by June 30. Banks must also establish a means to confirm the identities of their consumers when they link their accounts at third-party payment platforms to their bank accounts. read more

Toyota to Make, Sell Hybrid Sedans in China

Marcel Woo   | Apr 20, 2014 10:08 AM EDT

Starting next year, Japanese car manufacturer Toyota Motor Corp said it will be manufacturing and selling hybrid versions of its popular sedans Corolla and Levin, which will be fitted with China-made components. read more

Chinese Bank Issues 'Pretty Mom' Credit Cards

Marcel Woo   | Apr 20, 2014 05:26 AM EDT

To corner a huge segment of China's young mothers, the Agricultural Bank of China (ABC), one of the four major banks in the country, has started issuing "Pretty Mom" credit cards on Friday, state media reported today. read more

Lenovo to Open 2,000 Smart TV Stores in China

Marcel Woo   | Apr 20, 2014 01:53 AM EDT

China's computer manufacturer Lenovo Group, the world's largest PC maker, revealed plans to open up to 2,000 physical stores that will sell its smart televisions in China before the end of this year. read more

Alibaba to Launch Telecom Services in China

Marcel Woo   | Apr 19, 2014 10:08 AM EDT

China's e-commerce giant Alibaba Group Holding Ltd will be launching its own telecommunication services in June after receiving the country's first mobile virtual network operating licenses late last year, the official Xinhua News Agency reported. read more

Abercrombie & Fitch to Open 100 Stores in China

Marcel Woo   | Apr 19, 2014 09:48 AM EDT

American clothing retailer Abercrombie & Fitch (A&F) has announced plans to open at least 100 stores in mainland China in the next 10 years, bringing its "casual luxury" brands to the Chinese consumers, state media reported. read more

Japanese Investors Abandoning China for Southeast Asia

Arthur Dominic Villasanta   | Apr 19, 2014 07:44 AM EDT

The territorial dispute between China and Japan has led to a huge outflow of Japanese investments from China and into Southeast Asian countries. read more

Weibo IPO Falls Short of Expectations

Arthur Dominic Villasanta   | Apr 18, 2014 07:56 AM EDT

Weibo Corporation, owner of the popular Chinese microblogging site, Weibo, raised $286 million by selling 16.8 million shares at $17 each at its initial public offering on the NASDAQ in New York. read more

China Seeks to Stave Off Massive Shadow Banking Threat

Arthur Dominic Villasanta   | Apr 17, 2014 12:36 PM EDT

China has tightened its grip on trust companies in another bid to head-off the danger posed by the massive debt held by the country's shadow banking sector. read more

China's Taste for Gold to Grow 20% by 2017

Arthur Dominic Villasanta   | Apr 17, 2014 12:33 PM EDT

China's increasingly wealthy population is driving demand for gold to greater heights as they continue to see the precious metal as a solid investment despite a slump in price. read more

Real Time Analytics