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Tesla eyes State Grid unit as recharging partner, report says

Tesla Motors Inc. is likely to partner with a subsidiary of State Grid Corporation of China to develop a battery charging solution for its electric motor cars, news website jrj.com reported Tuesday. S ...More

EJ Insight2014-03-25

Art auctions thrive but pitfalls abound

... Hong Kong unit of Beijing-based China Guardian Auctions stressed in an interview with the Hong Kong Economic Journal Monthly. The Hong Kong office acts as the first goal keeper, Hu said. After prelimi ...More

EJ Insight2014-03-24

Eight 3rd-party payment firms to halt new accounts, paper says

... aums -- a unit of China UnionPay -- and Calliance were asked to conduct internal checks, the report said. The order came after several cases of fake credit card transactions to secure cash, a source f ...More

EJ Insight2014-03-24

Sinopec's convenience store move leaves room for imagination

... ess opportunities if managed properly. Sinopec has 23,000 stores across 30,000 petrol stations, or a presence in 76 percent of its gas distribution network. Sales reached 13.3 billion yuan (US$2.15 bi ...More

EJ Insight2014-03-24

China union raises stakes in Walmart closure, FT says

... Sunday. A unit of the government-sanctioned All-China Federation of Trade Unions has been leading the protests outside a Walmart store in Changde, Hunan province, that closed last week, it said. The r ...More

EJ Insight2014-03-24

Weakening renminbi to hit airlines hard

The Chinese central bank's sudden move last weekend to expand the renminbi's daily trading band has led to a drop in the unit's exchange rate over the past four trading days. The fall accelerated on T ...More

EJ Insight2014-03-21

Lufax platform sees trading exceed 40 bln yuan, paper says

Shanghai Lujiazui International Financial Asset Exchange Co. Ltd. (Lufax), a unit of Ping An Insurance (Group) Co. of China Ltd. (2318.HK, 601318.CN), has seen trading on its peer-to-peer loan platfor ...More

EJ Insight2014-03-21

Huiyuan to acquire Suntory Shanghai Foods units, filing says

Beverage maker China Huiyuan Juice Group Ltd (01886.HK) said in a regulatory filing Thursday it is acquiring the entire interest in Suntory (Shanghai) Foods Co. Ltd., a unit of Japanese beverage produ ...More

EJ Insight2014-03-21

HKEJ Today: Highlights

... es in the United States Federal funds rate. The alert came as Janet Yellen, the Fed's chairperson, indicated that she expects the US to end its bond purchase by this autumn, with the Fed funds rate li ...More

EJ Insight2014-03-21

'Supply risks' in HK plan to buy more mainland power, paper says

...  Research Unit at City University of Hong Kong, said problems in the mainland grid would present too many risks for Hong Kong’s power supply. Environment Bureau secretary Wong Kam-sing said another po ...More

EJ Insight2014-03-20

UnionPay can buy time but good days are numbered

... e-payment unit lagging and having lost the early chance to ally with emerging stars to tap online income, UnionPay is resorting to harsher penalties to intimidate enemies and traitors. Shanghai media ...More

EJ Insight2014-03-20

Domestic reforms needed to promote yuan overseas

... e Chinese unit vaulted ahead of the euro and Japanese yen to become the second most widely used currency in international-trade finance in October. Last year, cross-border trade settled in renminbi hi ...More

EJ Insight2014-03-20

E-commerce giants eye gas stations for offline push

... marketing unit as part of Beijing's reform of state-owned enterprises, which involves the introduction of private capital to allow market forces to have a bigger influence over management decisions. I ...More

EJ Insight2014-03-19

Sinopec unit spins off convenience stores, paper says

Sinopec Chemical Commercial Holding Co. Ltd. has spun off wholly owned Yijie Sales Co.Ltd. into an independent non-oil sales company, Economic Information Daily reported Wednesday, citing parent China ...More

EJ Insight2014-03-19

Rapid growth seen in baby formula market, paper says

... asurement unit under Nielsen. The market will grow at a compound annual growth rate of nearly 14 percent, Zhou said. In 2013, sales amounted to 60 billion yuan (US$9.69 billion) with domestic producer ...More

EJ Insight2014-03-19

Fubon Life, Citic Capital investing in Harbin Bank IPO, WSJ says

Fubon Life Insurance Co., a unit of Taiwan's Fubon Financial Holding Co., and Chinese private-equity firm Citic Capital Holdings Ltd. are among seven cornerstone investors in Harbin Bank's initial pub ...More

EJ Insight2014-03-17

What a property shakeout looks like

...  property unit and related debt to Fantasia (01777.HK ) in return for a 15 percent stake in the latter. Companies in the technology and retail sectors are also reportedly shedding non-core investments ...More

EJ Insight2014-03-17

Alibaba eyes stake in Sinopec sales business, paper says

Alibaba Group has approached China Petroleum & Chemical Corp. (Sinopec) (00386.HK, 600028.CN) for a stake in its sales unit after the refinery giant announced in February it would sell as much as  ...More

EJ Insight2014-03-17

Tmall to launch new construction materials service, paper says

Alibaba Group's Tmall unit said recently that it plans to launch across 100 mainland cities a new service that will offer users free delivery and support for household construction materials orders, t ...More

EJ Insight2014-03-14

Star-net unit, Alipay in KTV online payment deal, filing says

...  that its unit Fujian Star-net eVideo Information Systems Co. Ltd. has signed a cooperation agreement with Alipay.com Co. Ltd. According to a regulatory filing, Fujian Star-net will offer a platform t ...More

EJ Insight2014-03-14

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