Dalian Wanda Commercial Properties and electronics retailer Suning Commerce Group have signed a cooperation deal in which the latter will open 40 stores at Wanda Plaza locations owned by the former before the end of the year, with more to come, Reuters reported. The move will help provide a large commercial tenant for Wanda, which […]
Category: Business Practice
Interim reports released by Ping An Insurance, China Life Insurance, China Taiping Insurance in others in the industry showed profit growth ranging from 62.2% to 202.1% for the first half of the year, South China Morning Post reported. “The gold rush in the [mainland] stock market in the first six months has effectively pushed up […]
A proposal by the planning and land resources administration of Tianjin’s Binhua district to turn the site of two chemical explosions into a park are being derided online as netizens question local officials’ priorities, The Guardian reported. Concept art released on Friday showed a “harbor eco-park” featuring a lake at its center seemingly made out […]
Another explosion hit China’s coast at a chemical plant in Dongying, Shandong province Monday night, Reuters reported, citing state media. A single “loud” blast occurred at the plant in Dongying shortly before midnight, state radio said on its official Weibo microblog, showing pictures of the explosion in what appeared to be a remote industrial area. Meanwhile, […]
Solar panel equipment maker Hanergy Thin Film Power Group will cut 2,000 out of almost 5,500 employees as part of its shift toward consumer and industrial products, The Wall Street Journal reported, citing a statement to the Hong Kong Stock Exchange. The company, which sells manufacturing equipment mostly to its privately held Beijing-based parent Hanergy Holding […]