Fair shows US properties in high demand

By Zhao Hongyi
As many as 70 real estate brokers and agents displayed their properties and blueprints at the International Real Estate Exhibition & Trade Fair over the weekend at the great hall of Beijing Hotel.
Most of the products were new and second-hand apartments, villas, commercial housing and land in need of development. Some brought blueprints [...]

Nestlé targets breakfast market with new cereal

By He Jianwei
Nestlé, the cereal producer, released a new lineup of cereals Tuesday morning.
Among them is a new Nestlé Cheerios made of oats, wheat, corn, barle and rice. The multigrain cereal provides a convenient and nutritious breakfast for students.
The company is targeting what it says is “less-than-ideal breakfast habits seen among Chinese students, said Andreas [...]

HRS.com transfers market to Chinese travelers

Hotel Reservation Service (HRS.com) is expanding its business to cover the thriving individual travel market in China. The new Chinese version of its global electronic hotel reservation system went online Monday at hrs.cn. The Chinese site is HRS’s first foray into the Asia Pacific maket.
The Web site is designed for Chinese users and has destinations, [...]

CITIC Pacific chairman resigns

The chairman of CITIC Pacific, the Hong Kong arm of a Chinese government investment company, resigned Wednesday amid a scandal over currency losses. The bank has become China’s highest-proile corporate casualty of the global financial crisis.
Chairman Larry Yung, 67, stepped down after Hong Kong police raided the company’s office last Friday as part of an [...]

China to be no.4 in wealthy homes by 2015

By Jin Zhu
The country is positioned to become the world’s fourth largest nation with more than 4 million wealthy households by 2015, trailing only the US, Japan and the UK, accoring to the report released April 2 by McKinsey & Company, a global management consultancy.
The report was based on face-to-face interviews with 1,750 wealthy households [...]

Vodka maker targets local market

The nation’s spirits industry continues to entice top beverage groups with New Zealand’s leading vodka-maker 42BELOW becoming the latest multinational to tathe market.

GM, Mercedes-Benz sales rise to record

General Motors and Daimler AG’s luxury brand Mercedes-Benz said their sales in China rose to a monthly record in March, despite a global slowdown in auto demand.
March was Mercedes-Benz’s “best ever” month in China, with sales rising 50 percent from the same period in 2008, Mercedes-Benz (China) President and Chief Executive Klaus Maier said Wednesday.
“I [...]

Enlight Media holds on to the music award

By Wang Yu
A hundred singers, song writers, bands and producers gathered in the Sheraton hotel on Beijing’s west side to attend the Mengniu Music Chart awards. The event was organzed by Enlight Media, a reputable entertainment TV producer that hopes to establish the awards as the country’s most professional and credible.
This is the ninth year [...]

IPO rules unveiled for Nasdaq-style exchange

China’s securities regulator announced last Tuesday the listing rules for the long-expected Nasdaq-like secondary board to fund cash-hungry start-ups.

Google Pigeons fly for April Fool’s

The Google April Fools’ Day joke has become something of a tradition, even in China. This year, the Internet giant announced the launch of a new service in China: the “Google Pigeon Bird’s Eye View.”