BUSINESS

China approves 12 new IPO applications

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BEIJING, Feb. 11 (Xinhua) — The China Securities Regulatory Commission (CSRC) on Friday approved 12 IPO applications. The 12 firms will be allowed to raise a maximum of 7 billion yuan (1.03 billion U.S. dollars),…

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No tennis – just a brand new life

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Bruce Rockowitz, CEO of Global Brands Group, says the company focuses on children’s clothes in China. Parker Zheng / China Daily Rockowitz is not a big fan of so-called “work-life balance.” He says he is…

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Zara China closes giant flagship

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The store, at Lesen Shopping Center, No.31, Zongfu Road, was previously occupied by luxury brands Louis Vuitton and Dior. It opened at the end of 2011 as Zara China’s single largest store and closed last…

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