Joint Venture


Rose tints Sparkling rose is often thought of as light and simple but it can be hefty and rich, and a great match with food.

Sunday, 15 August, 2010, 12:00am

Fugitive tycoon rolls out plans for Hefei venture

What price rehabilitation for fugitive mainland auto tycoon Yang Rong? A hundred billion yuan, perhaps?

11 Aug 2010 - 12:00am

Huge potential seen for China Post-Tom venture

More than a decade since it was founded during the short-lived dot-com boom, Tom Group appears to have landed a deal that could anchor its future growth.

Tom, the diversified Chinese-language media arm of Li Ka-shing's business empire, last week announced a joint-venture agreement with China Post that aims to create the mainland's biggest e-commerce services provider.

10 Aug 2010 - 12:00am

Strong, prudent hands pilot airline through thick and thin

How do you make a million dollars in the airline industry? The answer predictably is, start off with one billion dollars.

Senior executives at Cathay Pacific Airways must have thought that witticism was all too true in the months after the onslaught of the global financial crisis in the third quarter of 2008.

5 Aug 2010 - 12:00am

Cathay orders 36 jets as profit soars to HK$6.8b

Cathay Pacific Airways posted an eyebrow-raising net profit of HK$6.84 billion for the first half of the year, more than eight times the figure in the same period last year, as it rode a recovery in passenger numbers and cargo.

5 Aug 2010 - 12:00am

Lai See

CLSA in seismic shift over stock of 'world's local bank'

CLSA has announced it has changed its view on HSBC for the first time in six years, upgrading the stock from 'underperform' to 'outperform'.

5 Aug 2010 - 12:00am

Equity group Carlyle raises 2.4b yuan for mainland fund

US private equity group Carlyle has raised 2.4 billion yuan (HK$2.75 billion) for a ground-breaking fund, putting it one step ahead of other global buyout giants as it looks to further explore the mainland's lucrative merger and acquisition market.

After the first round of fund-raising closed yesterday, Carlyle said it eventually aimed to raise 5 billion yuan.

31 Jul 2010 - 12:00am

'Glamorous' position for top professionals

Fast-moving consumer goods company Procter and Gamble (P&G) is looking for sales and marketing professionals who are able to build brands. The company, which has a presence in Hong Kong, Taiwan and the mainland, manages brands from Rejoice and SK-II, to Olay and Pampers.

24 Jul 2010 - 12:00am

Mixing literature with advertising, publisher finds profit again in stories

Overseeing a commissioned novel about the happy lives of seven people is just one of the many projects Lu Jinbo has on the go at the moment.

The storyline is being developed to match the title Qixi, which literally means 'seven happiness'. It also happens to be the name of soft drink giant PepsiCo's 7Up, which bought the project.

17 Jul 2010 - 12:00am

Guangzhou Auto set to make own-brand car

From the newly planted palm trees propped up in the front lawn to the small fortune in state-of-the-art Japanese and German robotic equipment sitting on the assembly-line floor, everything about Guangzhou Automobile Group's (GAC) sprawling new plant in Panyu suggests it was built to latest Japanese carmaking standards.

15 Jul 2010 - 12:00am

ICBC in the race to buy stake in AXA insurance unit

Industrial and Commercial Bank of China, the world's biggest lender by market value, is eyeing a 70 per cent stake in French insurer AXA's mainland insurance unit, the official Shanghai Securities News reported yesterday.

15 Jul 2010 - 12:00am

GE boards China's jumbo jet programme

General Electric has secured a massive supply deal with China's jumbo jet maker as the mainland took a big step towards assembling large passenger planes that could challenge Boeing and Airbus.

13 Jul 2010 - 12:00am

Brightoil goes back to basics for high margin

Brightoil Petroleum, which delivers fuel oil to ships, has raised eyebrows with its high profit margin - nine times that of the industry leader. But its chairman says the reason is simple; it's all about buying low and selling high.

8 Jul 2010 - 12:00am

General Electric's problem with China

Jeffrey Immelt has certainly stirred up a hornet's nest in China, as well as in the White House, with his words of wisdom about doing business with them.

6 Jul 2010 - 12:00am

In the mainland, a walk in the park is truly big business

July marks the start of the traditional peak season for tourism on the mainland as students begin their summer holidays and parents take a break. For many holidaymakers, strolling city parks or hiking in the country parks are among the favourite activities. However, they must watch their pockets, not from thieves but from the managers of those facilities.

5 Jul 2010 - 12:00am