Hitachi is pulling out of its television manufacturing joint venture in Fuzhou, Fujian province, according to South China Morning Post. The Japanese electronics giant is selling its 48 per cent stake in the venture to an unnamed Chinese partner. Established 21 years ago, the plant was successful in the 1980s. However, the venture, which employs […]
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Legend Holdings, China’s largest personal computer maker, is to buy a 51 per cent stake in Han International Consulting, a subsidiary of Asia Logistics Technologies, and will take a 4.8 per cent in the parent company, Reuters reported. Legend will also administer a cash injection to its own consultancy subsidiary, Digital China, which was spun […]
Oracle Corp, one of the largest enterprise software companies in the world, has set up a new development centre aimed at the Chinese market. The new centre, based in Shenzhen High-Tech Industrial Park, is expected to start operations this month and to employ around 100 staff by the end of the year. In addition to […]
The Japanese auto retailing company Yellow Hat has established an office in Shanghai and plans to set up a wholly owned store in the city by the autumn of next year. It intends to open five stores in China by 2004 and thereafter will look to expand on a franchise basis. China has many tyre […]
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Commerce sector to open wider
The commerce sector will open up further to foreign investors over the next two to five years, said Xie Xuren, vice minister of the State Economic and Trade Commission, at a global sourcing fair held in Nanjing, Jiangsu province. A report in China Daily said that half of the world’s top 50 retailers had opened […]