November 11 – Citibank's (NYSE: C) revenue from offshore operations of Chinese firms has risen 30% since September 2010 when the bank set up this business unit, Citibank China vice president Zhang Zhihao said. Such Chinese firms are largely engaged in the energy, telecommunications, IT and aviation sectors.
November 11 – Omron Corp, a Japanese precision equipment manufacturer, currently collects 16% of its revenue and produce 25% of its products from China, Omron China chairman told Yicai.com, adding that China was expected to make up one-third of its capacity in the next five years.
November 11 – Mercedes-Benz said it sold 156,635 cars in China in the first 10 months, up 36% from a year earlier and surpassing the 147,670 volume sold during the whole of last year.
November 11 – Lanxess AG, a German specialty chemicals maker, said its revenue from the Greater China region was up 38% year on year to $357 million in Q3 2011 and accounted for more than 10% of total revenue.
November 11 – Suning Appliance Co (SHE: 002024), China's largest chain store by revenue, said it has teamed up with International Business Machines Corp (NYSE: IBM) to cooperate on global e-commerce services. IBM will help Suning establish an e-commerce center in Nanjing, Jiangsu province, where Suning is headquartered, and will help it develop 15,000 employees in three to five years.
November 10 – Mead Johnson Nutrition Co (NYSE: MJN) expects its revenue from mainland China and Hong Kong to break the $1 billion mark this year out of a $7 billion market for infant products, according to Matthew Chapple, vice president of Mead Johnson China.
November 9 – Marriott International Inc (NYSE: MAR) said it will build its 100th Chinese hotel in Shenyang, Liaoning's provincial capital. It current operates 56 hotels and is building 43 more in China.
November 8 – Apple Inc's (NASDAQ: APPL) iPhone 4S has not been tested by China's Ministry of Industry and Information Technology and hence there has been no timetable for its official launch in the country, according to people familiar with the matter.
November 8 – General Motors Co (NYSE: GM) said it sold 220,412 vehicles in China in October, up 10.4% from a year ago.
November 8 – Little Sheep Group Ltd (HKG: 0968), China's largest hotpot restaurant chain, said the Ministry of Commerce has given the go-ahead to Yum! Brands Inc's (NYSE: YUM) takeover of it after over four months of antimonopoly review. Yum agreed in May to acquire Little Sheep for $587 million.
$1 = ¥6.34