Taiwanese supermarket retailer Rt-Mart has signed an agreement with Liaoning Xinggong Group to open a new supermarket in Longgang district, Huludao, Liaoning.

The China Banking Association has published its 2009 corporate social responsibility report while celebrating its 10th anniversary in Beijing.

Chinese electronics and home appliances maker Midea has announced that it plans to invest CNY392 million to acquire a 32.5% stake in Egypt's Misr Air Conditioning Manufacturing Company (Miraco) from United Technologies Corporation.

Beijing, China (May 17, 2010) /ChinaNewswire.com/ — Kempinski Hotel announces that in line with the company's strategic plan, Kempinski Hotel Sanya Hainan Island in China will cease to be a Kempinski hotel and will exit the portfolio. Existing hotel reservations will remain at the same conditions as confirmed.
The termination of this Management agreement is [...]

Philippines' fast food giant Jollibee Foods Corporation has announced plans to acquire a 55% stake in San Pin Wang, a beef noodle chain in Guangxi Zhuang Autonomous Region, for CNY30 million.

HNA's CNY3 billion group northern headquarters in Tianjin Municipality has been registered in the commerce and industry department, and will be formally set up in May 2010 to allow the company to expand its hotel business.