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Monthly Archives: March 2015

Carrefour to open 15 new hypermarkets in China

Carrefour SA, the world’s second-largest retailer by revenue, is expected to open 15 new hypermarkets in China this year and roll out more “convenience stores” aimed at customers in local communities, according to the company’s top executive in the country. Thierry Garnier, executive director of Carrefour China, said in Shanghai...
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Motorola notches up 2 million orders in China

Motorola Mobility, a subsidiary of Lenovo Group Ltd, has received 2 million smartphone orders on the Chinese mainland, said Yang Yuanqing, CEO of Lenovo. The US-based smartphone maker will target high-end device demand in China, the world’s largest market for mobile devices. Months after Lenovo acquired Motorola for $2.9 billion,...
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China’s financial institutions invest $15 bln abroad in 2014

China’s financial institutions made outbound direct investments of 91.37 billion yuan (about $15 billion) in other countries and received 68.03 billion yuan of direct investment from overseas in 2014, the nation’s foreign exchange regulator said on Wednesday. Overseas investors withdrew 16.18 billion yuan from China in 2014, with net foreign...
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HTC to launch virtual reality headset

Smartphone maker HTC plans its first move into the increasingly crowded virtual reality market with a new headset that it hopes will popularise the next generation of immersive gaming technology. The Taiwanese group has agreed a partnership with US-based Valve Software to create a virtual reality platform called Vive that...
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