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BizChina

China's Haier to acquire business of Sanyo

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By David Cao
David Cao
02 August 2011
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China's Haier and Japan's Sanyo have signed a Memorandum of Understanding (MOU) on Haier's acquisition of a portion of Sanyo's home appliance division, said a senior Haier company official on Tuesday.

The two parties are expected to ink a formal agreement at the end of September, said Hair Group Vice President Du Jingguo.

Haier, China's home appliance giant, intends to acquire Sanyo's refrigerator, washing machine, and other electrical-appliance businesses in Japan, Indonesia, Malaysia, the Philippines, and Vietnam, according to the MOU.

The acquisition would also cover Sanyo's washing machine brand AQUA.

The company did not disclose the amount of the transaction.

Haier would have two research centers and four manufacturing bases in Japan and Southeast Asia after the acquisition, Du said.

Zynga partners with Tencent to debut first mainland China game

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By David Cao
David Cao
26 July 2011
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tencent

Tencent's Headquater Building in Shengzhen 2010.

Social games maker Zynga is partnering with Tencent Holdings Ltd, the Chinese Internet company, to launch its first game in mainland China as it tries to find new users by tapping into the $5.8 billion Chinese games market.

Zynga will release an early version of a game called Zynga City on Tencents' open platform, Zynga said in a statement on Monday.

The game will be a Chinese version of Zynga's most popular game, CityVille. It will feature Chinese architecture, references to Chinese pop culture, as well as events and contests in the game that will be linked to Chinese holidays and news, the company said.

Read more: Zynga partners with Tencent to debut first mainland China game

Baidu sees strong Q3 on China ads

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By David Cao
David Cao
26 July 2011
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Baidu

China's top search engine Baidu Inc forecast revenue well ahead of Wall Street's expectations as large advertisers increased spending, sending its shares up around 7 percent.

Baidu, which has increased its focus on online video and e-commerce, has steadily grown its search market share since Google Inc curtailed its operations after a fallout with Beijing over censorship.

It was benefiting from higher income from big advertising clients in the world's largest Internet market, which helped nearly double its net profit in the second quarter to $252.6 million.

"The company is pretty confident on the longer term outlook since growth is coming from across the industries," said Dick Wei, an analyst at JPMorgan in Hong Kong.

Read more: Baidu sees strong Q3 on China ads

Nissan to double China output by end-2015

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By David Cao
David Cao
26 July 2011
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Nissan Motor Co plans to double its automobile production in China, its biggest market, to more than 2 million units a year by the end of 2015 as it shifts its focus to emerging countries, Japan’s Nikkei business daily reported.

Nissan will maintain its Japanese output at about 1 million units a year, the Nikkei said. Nissan spokesman Christopher Keeffe declined to comment on the report, saying details of its China plans would be revealed on Tuesday at a midterm announcement.

The Japanese automaker will add assembly lines at a plant in Zhengzhou, in central China’s Henan Province, where it will build its low-priced China-only brand Venucia slated for launch in 2012, the paper said.

Read more: Nissan to double China output by end-2015

Unlike China, red tape slows Indian manufacturing

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By David Cao
David Cao
17 July 2011
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Policies are implemented faster in China compared to India, says a Japanese expert, who says bureaucratic hurdles and the slow pace of infrastructure development are the biggest deterrents for Indian manufacturing.

Shoji Shiba, a professor at Tsukuba University near Tokyo, said due to the nature of the government model in China, policies were implemented faster there.

"The only difference between China and India is that they (China) have a regime which passes legislations and policies quicker than in India," Shiba, an honorary professor at the Indian Institute of Technology ( IIT )) Kanpur, told IANS.

He held manufacturing-oriented workshops in association with the Confederation of Indian Industry ( CII )).

According to Shiba, the problem with progress in infrastructure was not caused by the Indian government , which is bound by democratic practices, but by bureaucratic hurdles which occur during policy implementation.

Read more: Unlike China, red tape slows Indian manufacturing

More Articles …

  1. India, China jewellery demand driving up gold prices
  2. Baidu.com Takes Majority Stake In Chinese Travel Website
  3. Tencent in steep climb to be China's Facebook, Twitter
  4. China plans to boost seawater desalination
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Page 33 of 126

Banking

  • China's Gold VAT trade reform aims to tax free for investment
  • China's digital RMB transactions top 14.2 trillion yuan
  • Renminbi asset appeal spurs dim sum bond market
  • UnionPay International Expands European Footprint with Strategic Partnerships and Enhanced Payment Network
  • China T-bond move seen safeguarding financial stability

Real Estate

  • 21 Chinese cities tighten Real Estate Policy
  • LANZHOU NEW AREA new ghost town in China
  • Chinese invest $110 billion in US real estate
  • China's listed real estate companies post $461b of inventories for 2015
  • Beijing eases restrictions on foreigners buying apartments

Society

  • China NIA: Average daily inbound and outbound passenger volume to increase 14.1% during Chinese New Year
  • China U23 team's historic breakthrough
  • China's New railway timetable enhanced connectivity nationwide
  • Yiwu's Factory flaw “sad horse" toys go viral on Chinese Internet
  • From plateau to hard drives: documentary tests NAS technology

Manufacturing

  • China-made C919 transports 5 million passengers in past 3 years
  • China's large drone FP-985 completes pioneering plateau logistics flight
  • China's NEV output tops 16 million units as exports double
  • World's first methanol dual-fuel VLCC "Kaituo" delivered in Dalian
  • China's superconducting quantum prototype 'Zuchongzhi 3.2' achieves key breakthrough

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