Hanting Inns & Hotels has filed an application with the US Securities and Exchange Mission for a NASDAQ listing aimed at raising $50 million. Profiting ¥230 million ($1 = ¥6.8) for 2009, it will be China's third US-listed economy hotel operator after Home Inns & Hotels Management Inc (NASDAQ: HMIN), which went public in 2006, and 7 Days ...

The Chinese banks in Shanghai loaned ¥49.41 billion ($1 = ¥6.8) to corporate borrowers in February, ¥4.2 billion more than a year ago, central bank figures showed Thursday. The majority of the lending went to the service industry, where the real estate market drew the lion's share of ¥13.41 billion, followed by the leasing business's ¥8.9...

Alibaba Group (HKG: 1688), China's top ecommerce service provider, launched its wholesale site 1688.com Monday. More than three million items were traded on the website that attracted 6.39 million hits that day. This daily amount is even larger than the monthly record kept by the world's biggest wholesale market for small goods in Yiwu, Zhejiang province. 16...

Ctrip.com International Ltd (NASDAQ: CTRP), China's largest online travel service provider, on Wednesday introduced a "Cheapest Price Guarantee" scheme where customers will be compensated three times the price found cheaper than Ctrip's price. China was home to more than 30 million users of online travel services in 2009, up 77.9% from a year earlier and rep...

Giant Interactive Group Inc (NYSE: GA), a Shanghai-based online game operator, has reached a preliminary agreement with movie maker HBMC (SHE: 300027) for movies starring characters of its games, Giant Interactive chairman Shi Yuzhu told the National Business Daily Tuesday. It is a just a framework deal and we have yet to hammer out further details, said Shi...

Shanda Games Ltd (NASDAQ: GAME) is waiting for a good time to announce its purchase of 50% of Ourgame.com, people close to the situation said Tuesday. Ourgame, founded in 1998 as China's earliest site for card and chess games, received ¥45 million ($1 = ¥6.83) in revenue during the fourth quarter of 2009, ranking 12th nationwide with just a 0.6% mark...

The four north-south and four east-west high-speed rail tracks reaching China's most developed and populated regions will enormously impact the aviation business, argued Liu Shaoyong, chairman of China Eastern Airlines Corp (NYSE: CEA, SHA: 600115, HKG: 0670). The eight rail routes will become operational this year, and the area covered by the rail...

L'Oréal may acquire local Chinese brands in 2010 after the country has become its largest Asia-Pacific market and fifth largest global market, CEO Jean-Paul Agon told the National Business Daily Monday. The world's number one cosmetics and beauty company saw its sales in China jump 17.65% to ¥8.18 billion ($1 = ¥6.83) last year lifting its loc...

The9 Ltd (NASDAQ: NCTY), a Shanghai-based online game operator, on Friday launched a 2.5-D Shenxian Zhuan, literally A Tale of Deities, which was developed by Hangzhou-based Huoyu. This marks a confirmation of the earlier alleged deal between the two. It was previously reported that The9 offered $100 million to acquire Huoyu. The9 had been operating Bli...

Vancl.com has received $10 million in venture capital funding in its fourth round of fundraising, China's largest B2C trading site for garments said Tuesday without mentioning the investor(s). President Chen Nian and co-founder Lei Jun could not be reached for comments. Vancl was evaluated at $100 million after getting $30 million in August 2008 from Qiming ...

The Chinese government is working on quantifying subsidies for individuals who buy vehicles powered by alternative energy, vice finance minister Zhang Shaochun said Monday. In the meantime, industry and information technology minister Li Yizhong stated that it was likely the subsidies may be up to ¥60,000 ($1 = ¥6.83) considering environmental protec...

The B2C website funded by Baidu.com Inc (NASDAQ: BIDU) and Japan's biggest online shopping mall operator Rakuten will become operational by midyear at the earliest, said Ren Xuyang, vice manager of Baidu's marketing and business expansion department. The two parties announced the 51:49 joint venture in January with Rakuten holding the majority stake. Market ...

91huayi.com, a website focusing on medical education and services, has won ¥30 million ($1 = ¥6.8) in strategic investment from Sequoia Capital. It was set up in 2008 with license from the health ministry. Source: http://health.sohu.com/20100309/n270693348.shtml

Southwestern China’s Sichuan province will earmark ¥40 billion ($1 = ¥6.8) for wireless infrastructure in five cities over the coming three years through 2012, the provincial government said Thursday. The provincial capital Chengdu will use ¥7.5 billion from the funding. The other four cities are Mianyang, Deyang, Leshan and Meishan. The pr...

Ctrip.com International Ltd (NASDAQ: CTRP), China's largest online travel service provider, said Sunday that it will purchase a minority stake in Hanting Inns & Hotels that filed a NASDAQ listing application last week. The buyer is to own 8% of Hanting at a price of its initial public offering. Hanting was running 210 stores by May 2009. Ctrip was estima...

Nearly 79% of those employed by lucrative browser game developers or operators want to start their own business, a survey by human resource service provider Zhaopin.com has revealed. The practitioners receive salaries, where general-, supervisor- and manager-level staff are paid ¥60,000 ($1 = ¥6.8), ¥100,000 and ¥300,000 annually, much higher...

Construction has begun on China's first exchange for low-carbon products in the city of Shenzhen, Guangdong province. The initial phase is scheduled to be completed by August and the entire project covering 37,310 square meters by mid 2011. The exchange is located in a low-carbon industrial park expected to generate an annual ¥50 billion ($1 = ¥6.8) ...