China News Direct

 
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Langham Hotels confident in hotel industry in China
(Oct 27, 2007) Langham Hotels International has observed optimistic prospect from the hotel business in the Mainland and starts to enter the Chinese market. Langham Hotels commissioned Shanghai Hengshan Group to manage the Shanghai Langham Yangzi Boutique Hotel which is anticipated to open in 2008. Chairman of Langham Hotels, Lo Ka-shui, states the ...
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Yahoo reinforces strategies for Asia
(Oct 26, 2007) Yahoo CEO Susan Decker visited Hong Kong for the first time. During her visit, Decker also revealed Yahoo's plan for the future. Yahoo has already planned its development strategies for the coming 2 to 3 years. These strategies include providing the most up-to-date information and services, providing simple marketing strategy ...
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Kerry Properties expands its hotel empire in China
(Oct 26, 2007) Kerry Properties plans to build at least 20 Shangri-la Hotels in the mainland over the next 3 years. It targets to build totally 50 hotels by 2010. Kerry's vice-chairman Huang Xiaokang said newly built hotels would mostly locate at economic-vitality cities, 85% of them would be 5-star hotel. Director for ...
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Microsoft buys Facebook for its advertising flair
(Oct 26, 2007) Microsoft confirms it will buy a 1.6% stake of Facebook. The transaction puts Facebook's market value at US$240 million. Market analysis said the deal could enhance Microsoft competitiveness on internet advertising in face with Google whose profit from online advertising reached US$13.3 billion in the period ended June 2007. Microsoft ...
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Dalian Wanda to build Sofitel business complex in Harbin
(Oct 26, 2007) Wanda Group of Dalian is going to invest RMB1.1 billion to build a comprehensive commercial real estate complex in Harbin, Heilongjiang. The complex comprises hotel, supermarket, entertainment and retail facilities. The City Complex will be the third generation commercial real estate development delivered by Wanda. On a piece of land ...
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Standard Chartered and JOS issue credit cards for SMEs
(Oct 26, 2007) Standard Chartered PLC has rolled out a joint credit card with Jardine OneSolution (Hong Kong) Limited (JOS). The card mainly targets SMEs. Standard Chartered and JOS jointly issued Standard Chartered JOS Visa Platinum Business Card yesterday. The card aims at providing services like business overdraft and cash management for SMEs ...
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Zhejiang ecological garden interim income up by 46.8%
(Oct 25, 2007) Zhongnan Baicao Garden recorded tourists of 309,000 person-time in the first half year of 2007 because of the associated sales system set up with 1,256 travel agencies in Mainland China. The scenic garden in Zhejiang has commenced the phase two construction work at more than RMB160 million. The general facilities, ...
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IDG has high hope on Shenzhen investment
(Oct 25, 2007) International Data Group (IDG) will continue expanding its businesses in Shenzhen which gives promising return. The return rate of IDG's investment in Shenzhen is 80% which is twice the return rate from other countries and regions. Founder and Chairman of IDG, Patrick J. McGovern, states that IDG is currently handling ...
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Foreign buyers retain confidence in China-made products
(Oct 24, 2007) The growing transactions in exhibitions held in the Pearl River Delta have proved that foreign buyers are still confident in China-made products. During the 102nd China Import and Export Fair phase one held from 15th October to 20th October 2007 in Guangzhou, the export amount was 4.1% higher than that ...
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Tsingtao Brewery Olympics-themed sales strategy works
(Oct 24, 2007) Tsingtao Brewery Company Limited achieved significant increase in net profit due to the Olympics-themed sales strategy in the third quarter of 2007. In the fourth quarter of 2007, Tsingtao Brewery will adjust the product mix and improves the technique to minimize the pressure from increasing costs. The net profit for ...
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