The distributor YGM Trading (0375.HK) plans to acquire European luxury brands to expand its portfolio in China, a promising market that may well become the first in the world within 10 years. YGM, which already holds licenses on Aquascutum Asia and the French brand Guy Laroche, said Tuesday aimed unlisted companies, European, preferably already in […]
The company Cisco Systems could join a video surveillance project in Chongqing. According to the “Wall Street Journal”, the leading network equipment supplier could be a major partner of the Chinese government in the creation of this system consists of 500,000 cameras to reduce crime. The project, called “Peaceful Chongqing” is planned to be set […]
The World Trade Organization (WTO) ruled Tuesday unfair restrictions on the export of certain raw materials used by China. A WTO panel agreed with the opinion of the United States, the European Union and Mexico, all of whom had filed complaints alleging that China is inflating the prices of raw materials such as bauxite and […]
The major Chinese search engine, Baidu, has reached an agreement with Microsoft to provide search for English to Chinese Internet users from its own service. Baidu has reinforced its leadership in the local market. The agreement with Microsoft will also benefit the visibility of search engine Bing in China. According to local analysts, this agreement […]
The French insurer Axa will invest 500 million euros in its partnership with the Chinese bank ICBC over the next five years, said Wednesday chief executive of Axa Asia Mike Bishop at a conference.
The Chinese search giant may use the Open Source Android to compete in the largest domestic market in the world. Baidu, the search leader in China, seems motivated to roll out its own mobile operating system, Qiushi, from the latest version of the AOSP (Android Open Source Project). This competition could break the ambitions of […]
According to a report by Capgemini SA and Bank of America Corp, the number of Chinese citizens with more than one million dollars available for investment rose to 534,000 last year, 12 percent more than in 2009.
China began allowing foreign companies to use the yuan to invest in the country, according to a document from the Chinese central bank Wednesday quoted by the press and should promote the internationalization of the Chinese currency. Foreign investors can use the yuan to fund the settlements, mergers and acquisitions, capital increases or lend money […]
The price of Pork, the main meat consumed in China, surpassed its previous record in June, even as the fight against inflation is a priority for the government.
Daimler warned Tuesday against the rise of the emerging economic risks, which could deprive the automotive industry of its main engines, including China. “There are clouds in the blue sky,” said Dieter Zetsche, CEO of the German manufacturer, during a press conference in New York. “The positive development of our global growth continues to be […]