Ningbo Joyson, a Chinese company that produces automotive and industrial electronics equipment has acquired US based airbag maker Key Safety Systems (KSS) for $920m. KSS is a Michigan-based engineering safety products supplier of ...
Tags: airbag, Ningbo Joyson
Icahn Enterprises has announced its plans to acquire automotive service provider Pep Boys-Manny Moe & Jack for $1bn. The deal was announced after Japanese tire maker Bridgestone quit the race to acquire the company by announcing that ...
Tags: Pep Boys, automotive service
Two of China's largest home appliances manufacturers are predicting huge losses for 2015. Sichuan Changhong Electric Co Ltd has forecast it will slip 1.97 billion yuan ($300.3 million) into the red, a staggering 3,455 percent fall ...
Tags: home appliances, TV
Beijing's GDP growth was 6.9 percent in 2015 and it will maintain steady growth for the next year, the statistics bureau announced Thursday. Beijing's GDP was about 2.29 trillion yuan (about 350 billion U.S. dollars) in 2015 and its ...
Tags: GDP growth, Service
Chinese home appliance makers are giving dimensions of reality to the "Internet Plus" strategy championed by Premier Li Keqiang. Slowly but surely, they are pressing ahead with the task of integrating Internet technologies with their ...
According to IDC, 3D printer shipments in the China market reached over 34,000 units in 2014, and are expected to have reached 77,000 units in 2015, exhibiting a growth rate over 120%. This growth rate is largely driven by sales of desktop ...
Tags: 3D printer, printer
Power supply shipments are expected to grow strongly beginning 2016 as demand for industrial power supplies starts growing rapidly and sales of consumer power supplies also start picking up. The growth is expected to help power supply ...
Tags: Power Supply, Delta Electronics
The world's first circular high-speed railway line has begun operation in China's southernmost province, Hainan. Locals are hoping the new rail will further promote the economy of the island, which is already a popular tourism attraction. ...
Tags: High-Speed Railway, Hainan
Oil prices have been raised in Saudi Arabia. At the same time, the Saudi cabinet has also added tariffs on electricity, water and sanitation services. Saudi officials have approved a national budget for the coming year with a deficit of ...
Tags: Saudi Cabinet, Oil Prices, Service Tariffs
Myanmar authorities announced Wednesday that a consortium of six foreign group companies, led by China's CITIC, has won the bid for implementing two projects of the country's newly planned special economic zone (SEZ) in Kyaukphyu, western ...
Tags: Six-Company, Implementing SEZ
Taiwan's leading machine-tool makers including AWEA and Goodway predict missed 2015 revenue targets.Taiwan's leading machine-tool makers, including AWEA Mechantronic Co., Ltd., Goodway Machine Corp., Kao Fong Machinery Co., Ltd., and ...
Tags: AWEA Mechantronic, Goodway Machine Corp, Processing Machinery
Tongtai continues to build sales of aircraft-making machine tools. (Pictured is group chairman, R.X. Yen)The Tongtai Group of Taiwan estimates machine tools for making aircraft parts to rise to account for 10 percent of its revenue by 2016, ...
Tags: Tongtai, aircraft parts, Manufacturing
Beijing's Zhongguancun, one of the country's leading technology hubs, plans to upgrade its core 7.2-km-long street area into one serving innovation and business start-ups, they announced Sunday. Under the plan, the area will cover key ...
Tags: Zhongguancun, Serving Innovation, Start-UPS
China's value-added tax reform is expected to be implemented across all industries next year. Business taxes in four sectors - finance, construction, property and consumer services - will be replaced by VAT. Business tax refers to a ...
Tags: VAT
The LED lighting industry outlook for invisible LED business opportunities has been increasingly optimistic, with many international and Taiwanese companies jumping in this new blue sea market. Japanese, Korean, European and American ...
Tags: LED Lighting, UV LED