November 25 – Microsoft Corp (NASDAQ: MSFT) signed a letter of intent with Suning Appliance Co (SHE: 002024), China's largest chain store by revenue, for cooperation in e-commerce and marketing campaigns, according to Microsoft Global Deputy Executive Director Jean-Philippe Courtois.
November 24 – Nokia Siemens Networks may lay off 4,000 employees in China amid a plan to slash 17,000 jobs worldwide by the end of 2013.
November 24 – L'Oreal plans to invest ¥200 million building a plant in Yichang, Hubei province in the next two years, according to L'Oreal China CEO Alexis Perakis-Valat. The facility is expected to produce 250 million items per year once operational by early 2013.
November 24 – Nestle SA plans to invest billions of yuan in China annually in the years to come to ramp up the country's share of its global revenue, Nestle China President Roland Decorvet said. China contributed just 2.5% to the Swiss company's global revenue of $119 billion in 2010.
November 23 – ABB Ltd (NYSE: ABB), a power and automation company, said it would invest $500 million building factories in China between 2011 and 2015. It currently employs 17,000 people in the country.
November 21 – Apple Inc's (NYSE: APPL) iPhone 4S has passed all of the tests administered by China's Ministry of Industry and Information Technology and will be given license for sale on the mainland in one or two weeks, a person familiar with the matter told Tech.sina.com.cn.
November 21 – CapitaLand Ltd, Southeast Asia's biggest developer based in Singapore, said it will continue to seek opportunities in China as the nation becomes more attractive despite government curbs aimed at cooling the property market, Bloomberg reported. CapitaLand, which currently holds $7.8 billion of assets in China, will maintain a balance between commercial and residential projects, according to COO Lim Ming Yan. It needs residential developments for liquidity and commercial investment properties for longer-term holdings, Lim said.
November 21 – Volkswagen AG is confident that its sales in China will exceed two million units this year, Volkswagen China President Karl-Thomas Neumann said at an auto show in Guangzhou.
$1 = ¥6.35
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