James Zhan Gets Piece of $1.2 Bil. Chongqing Surveillance Project

China to Boost Consumption by Improving Logistics

As a key part of its effort to stimulate consumer spending China will introduce “concrete measures” to improve logistics efficiency and cut costs, said former ...

Panasonic to Rescue Scandal- Hit Olympus with $630 Mil.

Panasonic Corp. has agreed to provide up to ¥50 billion ($630 mil.) to rescue scandal-ridden Olympus Corp. and become its biggest shareholder, according to inside ...

A Third of China's City Folks Own Smartphones

Among those living in China's cities, a third own a smartphone, with two thirds of them being used to surf the Web daily, according to ...

China's Outbound Direct Investment May Hit $2 Tril. by 2020

China's outbound foreign direct investment (ODI) could reach a total of $2-trillion by 2020, according to a report by US-based research firm Rhodium Group.

Chip Wafer Demand Outstrips Taiwan Semi's Capacity

Surging demand for energy-efficient chips for smartphones, tablet PCs and other mobile devices is exceeding the capacity of Taiwan Semiconductor to manufacture wafers used for ...

Rise of Budget Carriers Drive Asia Air Traffic Growth

Airlines in the Asia-Pacific are expected to lead the world's regions in profits this year, and much of it will be reaped by the new ...

China to Revive Cash-for-Clunkers Program in 2012

China is reviving its cash-for-clunkers program to boost slowing auto sales growth and its efforts to cut auto emissions, the Ministry of Finance announced Thursday.

Suntory, Asahi Maneuver for Alliance with Tsingtao

Suntory Holdings Ltd., Japan's top beverage maker, is in tieup talks with China's Tsingtao Brewery as a way to expand sales in China, said inside ...

Jack Ma Prepares for IPO by Taking Alibaba.com Private

Alibaba Group chairman Jack Ma completed the privatization of the ownership of its leading subsidiary Alibaba.com by having its shares delisted from the Hong Kong ...

Samsung Galaxy S3 Dominates Europe Smartphone Sales

Samsung's new Galaxy S3 smart phone has won top reviews in all five European markets in which it was launched on May 28, the company ...

Lucy Koh Blocks US Sales of Samsung's Older Tablets

District Judge Lucy Koh has granted Apple's motion for a preliminary injunction against sales in the US of the 10.1 version of Samsung's Galaxy Tab ...

Japan's Auto Output Soared 61% in May

Japan's eight top carmakers built 740,626 vehicles at their domestic plants in May, 60.8% more than the same month last year, according to data from ...

Rising Wages Drive China to Become Top Robotics Market

Swiftly rising wages is putting China on track to become the world's top robotics market by 2014.

Apple Pays Proview to Settle China Ipad Trademark Suit

Apple has paid $60 million to settle Proview's trademark suit against it for the right to use the iPad name in China, according to a ...

China's Banks Top Global Profitability Rankings

Banks headquartered in China accounted for one-third of global banking revenues in 2011, up from just 4% in 2007, according to UK-based The Bank magazine.

High Rents Allow Profits for 10% of China's Restaurants

Only 10% of China's restaurants are profitable as the industry struggles with surging rents and rising labor and food costs, according to Shanghai's First Financial ...

China Steel Giant Expands into Fast-Food Delivery

State-owned Wuhan Iron and Steel (WIS) is branching into disparate non-core sectors like fast-food delivery, booking flights and even flower arrangement through a newly opened ...

China's Direct Overseas Investments Surged 72.8%

Foreign Direct Investment (FDI) into China slipped year-on-year in April by 0.74% to $8.4 billion, making it the sixth straight month of declining FDI.

China's Consumer Confidence Rises on Low Inflation

China's consumer confidence in the first quarter rose to its highest level since 2005 due to easing inflation and cooling property prices, according to a ...

McDonald's to Double China Workforce This Year

McDonald's Corp plans to hire 70,000 more workers in China this year, nearly doubling its workforce as it accelerates new store openings, Bloomberg reported Wednesday.

China Accounts for 28% of Global Luxury Consumption

China is set to overtake Japan as the world's biggest luxury-consuming nation after spending $12.6 billion on luxury goods in 2011, according to a study ...

India Becomes Focus of Global Solar Power Market

As the global solar power market reels from a glut of solar panels due to China's production surge and Europe's shrinking demand, India is emerging ...

Toyota Exports Mostly US-Made Cars to S. Korea

Toyota plans to take advantage of S. Korea's free-trade agreements (FTA) with the US and the European Union by bringing most of the cars it ...

China's Wanda to Buy AMC Theater Chain for $2.6 Bil.

Dalian Wanda Group agreed to buy AMC Entertainment Holdings Inc. (AMC) for $2.6 billion including debt, according to statement by the group. The deal will ...

Alibaba to Buy Back Shares from Yahoo for $7.1 Bil.

Alibaba has repurchased about 20% of its shares from Yahoo for $6.3 bil. in cash and up to $800 mil. in new Alibaba non-voting preferred ...

China's Machine Tool Output Jumped 32.1% in 2011

China's machine tool industry grossed total output value of 660.65 billion yuan ($104.45 bil.) in 2011, a 32.1% jump over 2010, according to that nation's ...

Samsung Pays Top Execs Most in S. Korea

Samsung Electronics pays its executive board members more than any of the other 1,000 listed Korean companies with an average annual compensation of 10.9 billion ...

Apple to Order Record $11 Bil. in Samsung Parts

The epic ongoing patent litigation hasn't dulled Apple's appetite for Samsung chips and state-of-the-art displays, as its orders to the Korean electronics giant are expected ...

Jerome Austria Brings America to German Carmaker

Spicy Ramen Regains Ground Lost to White in S. Korea

The popularity surge of bland white ramens that had gobbled up S. Korean market share once held by perennial spicy red favorites appears to have ...

China Said to Be Planning $315 Bil. Stimulus Package

China is preparing to pump 2 trillion yuan (US$315 billion) into another economic stimulus packages, according to a Credit Suisse report.

China to Overtake US in Online Retail Sales in 2013

China will replace the US as the world's leading online retail market in 2013, according to an official forecast Tuesday by the Ministry of Commerce.

China Slips Below S. Korea in Competitiveness Rankings

China slipped below S. Korea in world competitiveness rankings but both nations remain above Japan which had been the world's most competitive nation 23 years ...