Marriott International and Dossen International Group signed an exclusive development agreement to bring the Fairfield by Marriott brand to mainland China in September 2016. The partnership targets aggressive growth in different cities across China in…
BUSINESS
Brand alliance can give plastic surgery a healthier image
TWELVE COSMETIC SURGERY brands formed an alliance on June 28 … which has been booming in China in recent years. Data show that there are more than 10,000 plastic surgery facilities in China, and the…
Tencent’s e-Book IPO Drowned Out by Gaming Woes
The e-Book IPO could raise up to $800m on the HK market, but Tencent will need to deal with criticism from Beijing over spreading “negative energy” first. Editor’s Remarks: With a business model similar to…
Chinese conglomerate Wanda sells theme park business
retreating from a business it once said would rival Walt Disney Co. Wanda says it will sell 13 parks and 76 hotels to a Chinese buyer, Sunac China Holdings Ltd., for 63.2 billion yuan ($9.3…
Detained Over Ivanka Trump Factory Inspection, China Labor Activist Speaks Out
After he found a job at one of the factories in Dongguan, a city in southern China near Hong Kong, he learned the ultimate target of their efforts: Ms. Trump’s brand. He said that the…
Op-Ed: Business is booming in Northeast Asia despite political frictions
Japan, in particular, is re-emerging as an export powerhouse, drawing large benefits from its Chinese and Korean business operations. In the first five months of this year, Japanese exports to China soared 17.3 percent from…
China renews commitment to less coal, more natural gas
China has renewed an ambitious commitment to displacing coal with natural gas-fired energy, plotting a course to revive a “golden age” for a petroleum product – even as Canada’s ability to profit from Chinese demand…
China’s June factory price inflation subdued
China’s producer price inflation was unchanged in June and remained well off highs seen earlier this year, amid lingering oversupply issues in the steel sector and as signs of economic weakness weighed on the outlook…
China’s COSCO to buy Orient Overseas for $6.3 billion
BEIJING – China’s biggest shipping company, state-owned COSCO Shipping Holdings Co., is creating the world’s No. 3 container shipping giant by acquiring rival Orient Overseas (International) Ltd. Shares in both companies surged Monday following the…
China’s ambition, US retreat on show in Serbian factory town
has often expressed his admiration for the economic achievements of countries like China. He wants to make Hungary the main hub for Chinese business and investments in Central and Eastern Europe. “The old model for…
China’s Wanda steps back from theme park, hotel drive with $9.3 billion Sunac deal
The sale – the second-biggest real estate deal ever in China according to Reuters data – is however … While Wanda did not give a reason for the sale, local business magazine Caixin quoted Wang…
Business PC market to grow on digital transformation
“The driver for China’s business PC market will shift from ‘equipment replacement’ to ‘satisfying demand from digital transformation,” Wang Jiping, associate vice-president of IDC China, said at an event in Beijing on Friday, when IDC…
China Is Said to Close Major Hole in its Great Internet Firewall
“This seems to impact individuals” most immediately, said Jake Parker, Beijing-based vice president of the US-China Business Council. “VPNs are incredibly important for companies trying to access global services outside of China,” he said. (…
