Washington, D.C.-headquartered private equity firm, The Carlyle Group, is said to establish Carlyle Asia RMB Growth Fund, a joint fund with RMB1 billion under management. The fund is set up with a local partner, HeBei Construction & Investment Group, a government-backed investment company based in HeBei province. The local partner is to contribute RMB300 million […]

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FRENCH food and beverage company Danone said today it will invest 2.6 billion yuan (US$417 million) in China's largest dairy producer Mengniu Dairy Co Ltd to boost its presence in the country.

FRENCH food and beverage company Danone said today it will invest 2.6 billion yuan (US$417 million) in China's largest dairy producer Mengniu Dairy Co Ltd to boost its presence in the country.

NEW home sales fell below the 200,000-square-meter threshold in Shanghai last week.

NEW home sales fell below the 200,000-square-meter threshold in Shanghai last week.

SHANGHAI stocks extended four days of gains today to a seven-week high as investors are optimistic about China's economic reform and market liquidity.

SHANGHAI stocks extended four days of gains today to a seven-week high as investors are optimistic about China's economic reform and market liquidity.

New wave of hotel chains and property owners is expanding in Asia and moving into western markets, to take advantage of a boom in Chinese travellers

STATE Grid Corp of China has agreed to buy Australian power assets from Singapore Power Ltd as part of its global expansion plan.

STATE Grid Corp of China has agreed to buy Australian power assets from Singapore Power Ltd as part of its global expansion plan.

SHANGHAI stocks gained this morning, led up by financial shares and building materials. The benchmark Shanghai Composite Index advanced 20.32 points, or 0.89 percent, to 2,303.19. Turnover was 74.2 billion yuan (US$12.2 billion) by midday.

SHANGHAI stocks gained this morning, led up by financial shares and building materials. The benchmark Shanghai Composite Index advanced 20.32 points, or 0.89 percent, to 2,303.19. Turnover was 74.2 billion yuan (US$12.2 billion) by midday.

Suning will open its first electronics chain store in the Tibetan city of Lhasa on May 25, 2013. With the opening of this store, Suning will become the first Chinese nationwide retail chain operator to enter this autonomous region in western China. As …

Watsons, the health and beauty retail chain under Hutchison Whampoa, will open its first high-end food supermarket named Great in mainland China. Located in Chengdu International Finance Square, Watsons' new Great supermarket has an area about 3,000 sq…

Junior debt holders of Spanish lender Bankia shout slogans during a protest outside a bank branch in central Madrid in file photo. Many duped savers at Bankia are shunning a state-supervised compensation scheme in favor of expensive lawsuits, prolongin…

ADVANCED Micro Devices Inc was the Standard & Poor's 500 Index's best-performing stock in the past month after winning orders for video-game consoles. To keep that streak going, AMD must prove it has got more going for it than games.

MICROSOFT is set to make a splash tomorrow with the eagerly awaited unveiling of its new Xbox game console, eight years after the previous version, as it seeks a larger share of the US$65 billion a year global computer gaming industry.

MORE than 8,000 French households' tax bills topped 100 percent of their income last year, the business newspaper Les Echos reported on Saturday, citing Finance Ministry data.