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Chinese sportswear ANTA to invest over 4 billion RMB in professional technology R&D in next 5 years
China's sportswear company ANTA announced its brand strategic goals for the next five years Thursday, in which clarified the company's ambition to invest more than 4 billion yuan in research and development in the next five years to strengthen its core capabilities in scientific and technological innovation, reported Xinhua-run Shanghai Securities News.
Property giant Evergrande sees rising sales in February
China Evergrande Group, one of the leading developers in China, reported surging sales last month, the company said in a statement.
Israeli paper processor invests in Rostock
As the economic development agency Rostock Business reported on Wednesday, a company belongs to the Israeli paper processing group Yamaton has invested around 9.8 million euros in the new plant in Rostock.
Lack of entrepreneurs makes company succession more difficult
Approximately 227,000 small or medium-sized companies want to transfer ownership to new hands by the end of next year (in 2017 the figure was 236,000).
After Chinese takeover: Biotest creates 300 new jobs
Biotest will have a new production plant for blood plasma drugs completed within the next two years, CEO Bernhard Ehmer said. "Biotest is investing around 300 million euros in the project and plans to hire around 300 new employees in total,” he said.
UK's biggest entertainment group reveals expansion plan in China
Merlin Entertainments, one of the world's leading visitor attraction operators, has unveiled several new brands in Beijing and Shanghai, as part of its continued expansion in the Chinese market.
Silicon Valley invests in software start-up company Instana
Prominent risk capital investors have provided growth capital of 30 million dollars in the German start-up software company Instana.
CIC-led group buys stake in Brazil pipeline
An investment consortium led by sovereign wealth fund China Investment Corp has acquired a majority stake in a natural gas pipeline unit from Brazil's state oil company Petrobras SA.
Traditional Chinese food brand cooperates with Australian company
Goubuli, one of China's longest established food brands from the northern city of Tianjin, has signed a strategic cooperation agreement with Australian health product company Blooms Bluesky Holding.
Mobike, Bluegogo unveil new bikes to win customers
Chinese bike-sharing companies are using new technologies to better balance supply and demand for commuters, in a bid to gain the knockout advantage in the booming bike-sharing market.
Midea buys controlling stake in Servotronix
Chinese electronics giant Midea Group has purchased more than 50 percent of the Israeli automation company Servotronix Motion Control, with the latter valued at $170 million.
Australia's largest energy company calls for renewable energy push
Australia's largest energy company has called on the Federal Government to end its &amp;quot;blame game&amp;quot; over renewable energy.
Germany's SAP sees opportunities for SME business
German software company SAP SE will focus on small and medium-sized clients to grow its cloud business in China this year, after it posted its best-ever financial year in the region in 2016.
Car-hailing firm Didi told to stop soliciting for tips
China's dominant car-sharing company Didi Chuxing was ordered yesterday to remove a function on its app for people to tip taxi drivers in advance to secure a ride.
Baofeng establishes new company to expand culture business
Baofeng Group Co Ltd, a Beijing-based internet entertainment and video company, announced on Thursday that it has established Baofeng New Culture Co Ltd to expand its business in culture, tourism and virtual reality, or VR.
Daewoo to establish shipbuilding company in Iran
The South Korean Daewoo Shipbuilding and Marine Engineering Co. is to establish a shipbuilding company in a joint venture with Iranian state-run companies, Tehran Times daily reported on Tuesday.
Chinese company completes acquisition of controlling stake in Shell Refining in Malaysia
A refiner based in China's Shandong Province announced on Thursday it has completed the acquisition of a 51 percent stake in Shell Refining Company (SRC) in Malaysia.
Cision to expand its media services in China
US-headquartered media intelligence company Cision said it will accelerate its investment and hiring in China and to integrate current distribution network along with new technology offering, said CEO Kevin Akeroyd.
Chinese companies surpass U.S. as largest buyer of cross-boarder M&As
With the rapid growth of cross-border mergers and acquisitions, Chinese companies and funds are making a deep impact on the global industrial structure, bankers, academics and investment experts said at a forum on M&amp;amp;A in Beijing on Friday.
ICBC plans to set up $2b asset management company
China's largest State-owned commercial bank by assets announced on Thursday it will invest 12 billion yuan ($1.75 billion) to set up a wholly owned asset management company specialized in debt-to-equity swaps.
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