Beijing-based Chinese conglomerate Legend Holdings Limited, the parent company of Hong Kong-listed personal computer maker Lenovo Group Limited, has filed for an initial public offering in Hong Kong, according to a securities filing. The IPO, which reportedly seeks to raise as much as US$3 billion, is expected to be completed in the third quarter of […]

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Hangzhou-based Chinese e-commerce giant Alibaba Group Holdings has agreed to transfer its online pharmacy business to Hong Kong-listed Alibaba Health Information Technology, formerly named CITIC 21CN, in exchange for majority ownership of the digital healthcare company in a US$2.5 billion deal, according to a company announcement. Alibaba Group will inject the e-pharmacy operations of its […]

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Small plants ordered to close as contamination of water systems becomes political liability

Slide in demand for key export threatens state and federal budgets

Slide in demand for key export threatens state and federal budgets

Chinese maker, distributor, and retailer of small wooden products Carpenter Tan published its performance report for 2014, stating that the company realized operating revenue of CNY298 million, a year-on-year increase of 6.2%; and its net profit was CNY129 million, a year-on-year increase of 2.3%. According to the company, they turned loss into gain over the […]

Lenovo has appointed new regional presidents for North America and EMEA as part of its business unit restructuring. Lenovo says Aymar de Lencquesaing, former president of EMEA, is the new president of North America, effective from April 7, 2015. Lencquesaing joined Lenovo at the end of 2013 and was responsible for mobile business in EMEA. […]