Mediaworks, the owner of TV3 and a network of radio stations in New Zealand, is being put into receivership so it can restructure its way out of hundreds of millions of dollars in debt.
Huawei Australia Thursday announced 2012 as its most successful year in Australia to date, citing revenues of 368 million AU dollars(358 million U.S.dollars).
Once described as "China's Amazon," e-commerce website Dangdang.com is finding itself fighting to stay afloat due to rabid competition.
Once described as "China's Amazon," e-commerce website Dangdang.com is finding itself fighting to stay afloat due to rabid competition.
Internet is often said to make the world a global village. In the business world, it also helps companies reach customers in every corner of the earth. In a business contest named "Hong Kong SMe Heroes Challenges", four SMEs shared their strategies on how to use the Internet to expand their business.
Leading solar panel maker Wuxi Suntech, a major subsidiary of the New York-listed Suntech Power based in the east China city of Wuxi, declared bankruptcy on Wednesday.
The China Railway Corporation, which will take over the commercial functions of the former Ministry of Railways (MOR), went into business on Sunday.
China National Offshore Oil Corporation (CNOOC) announced Tuesday that it has closed a deal to acquire Canada's Nexen Inc. Experts told Xinhua the takeover is just the first step, as the company will face many challenges in its road ahead.
China National Offshore Oil Corporation (CNOOC) announced Tuesday that it has closed a deal to acquire Canada's Nexen Inc.Wang Yilin, chairman of CNOOC, said the company is delighted to have acquired a leading international platform through the acquisition of Nexen.
Global miner BHP Billiton's boss Marius Kloppers will retire as Chief Executive Officer (CEO) and a director of the company on May 10 and Andrew Mackenzie will replace him as the mining giant's new CEO, the board of BHP Billiton announced on Wednesday.
Students in 21 primary and middle schools in east China's Shanghai were ordered to stop wearing their uniforms on Monday after a toxic dye was found in the products of a local garment firm.
Chinese telecommunication giant Huawei annouced its jointed venture with IT service provider, an effort to develop its strength in the fast expanding IT service industry in China.
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