Published News » Industry

A well-known liquor maker has admitted using edible ethanol to produce liquor, saying it is a common practice in the sector, but industry experts warned of its potential negative impact on the liquor sector.

Bozhou-based Anhui Gujing Distillery Company admitted using ethanol for producing low-end liquor after its mid-year financial report released Wednesday revealed that it has spent some 46 m
Chinese buyer of French winery named

Reports have disclosed the name of the Chinese businessman whose purchase of a top French wine estate triggered an angry backlash. He is Louis Ng, a top executive for Macau gambling tycoon Stanley Ho.
The Wine Spectator reported that Ng is the chief operating officer for Ho's gambling empire. He acquired the Chateau de Gevrey-Chambertin, a listed 12th-cent
MORE than 70 kilograms of Heinz infant formula products have been returned to Australia for containing excessive vitamin B2 that could lead to adverse reactions, China's top quality watchdog said on its website.

It also destroyed two tons of Lotte's custard pies imported by a company in Liaoning Province that contained excessive coliform bacteria.

The baby milk powder was produced by HJ Hei
SUNTECH Power Holdings Co has named a new CEO amid financial struggles and concerns that the company was the victim of fraud.

Suntech yesterday said David King is replacing Shi Zhengrong as CEO. King previously served as Suntech's CFO.

Shi will remain as executive chairman and chief strategy officer of the company, which is among the largest solar panel makers in the world.

Suntech, like
SHANGHAI police said yesterday they busted a ring of six people for producing and selling fake Chateau Lafite, a luxury brand of red wine.

More than 4,000 bottles of fake Chateau Lafite were found in hideouts in the suburban Fengxian and Minhang districts of the city, police said yesterday. They estimated the value of the bust at about 10 million yuan (US$1.6 million).

The Fengxian District
Customers expecting to cash in on a widely anticipated price war among home appliance retailers were disappointed to find that only a limited number of products were cheaper yesterday.

The war kicked off when Beijing-based 360Buy.com promised to keep its prices at 10 percent below those sold at the offline retail outlets of its major rival, Suning, China's largest home appliance retailer.

S
THE Ministry of Commerce has approved plans by Wal-Mart Stores which will allow the US retail giant to take control of China's largest online supermarket Yihaodian, but with certain restrictions.

If successful, the acquisition will help Wal-Mart grab a bigger slice of China's booming online shopping market.

Wal-Mart got the green light to increase its stake to 51.3 percent from 17.7 percent
FRENCH wine maker Societe Jas Hennessy & Co was compensated 500,000 yuan (US$78,570) in a trademark infringement case against a Chinese company and a couple who sold counterfeit wine in Shanghai, Guangzhou and north China's Hebei Province, the Shanghai No. 1 Intermediate People's Court said yesterday.

The court heard the couple registered a company with the name of France Hennessy Group (HK) C

Username:

Password:

Remember:

Copyright © My China B2B - Cloud Edition  |  Powered by My China B2B  |  Qiao LAB - Shanghai High-Tech & Business Incubator