Business

China's Mengniu To Increase Gross Margin To 28% In Five Years

December 28, 2011

Lu Jianjun, vice president of the Chinese dairy company Mengniu, told local media that though the price of raw milk continues to grow, the company's gross margin will also increase year over year.



Top Chinese Website Tries Cornering Crowded Internet Coupon Market

December 26, 2011

Chinese Internet portal NetEase.com has launched a new coupon platform, Quan.163.com, marking its latest online move following the unveiling of its recent lottery and insurance e-commerce businesses.



Nestle's Acquisition Of 60% Stake In Hsu Fu Chi Approved In China

December 13, 2011

Chinese candy maker Hsu Fu Chi International has published a report via the Singapore Exchange, stating that the Ministry of Commerce of China has approved Nestle's acquisition of a 60% stake in Hsu Fu Chi.



Bosideng Reports CNY330 Million Net Profit In Interim Results For 2011

December 9, 2011

Hong Kong-listed Chinese apparel company Bosideng has published its interim results for the financial year 2011, stating that by September 30 the company's revenue increased by 47.4% year-on-year to CNY2.739 billion, and its net profit surged by 196% year-on-year to CNY327 million.



Second-hand Purchasing Goes Online In China

December 1, 2011

Alipay.com, the third-party Internet payment subsidiary of the Chinese B2B e-commerce group Alibaba, has launched a new Internet trading platform for second-hand products.



IICG To Invest Over EUR1.4 Billion In Chinese Shopping Centers Over Next Five Years

November 16, 2011

Hai Wentian, deputy general manager for Inter Ikea Centre Group China, has revealed to the local media that the group plans to invest over EUR1.4 billion to build new shopping center projects in China in the next five years, with planned project areas of about 510,000 square meters.