January 13 – ITT Corp (NYSE: ITT), a New York-based manufacturer of engineered critical components, said it will invest $10 million building a R&D center and a plant in Wuxi, Jiangsu province for automotive brake systems.
January 13 – BMW said its sales in China jumped 37.6% to 232,586 units in 2011.
January 12 – McDonald's Corp (NYSE: MCD) said it opened 200 restaurants in China in 2011, making the country its third largest market. The fast food giant plans to open 225 to 250 restaurants this year.
January 12 – Google Inc (NASDAQ: GOOG), which pulled its search engine out of mainland China two years ago after a censorship spat, has renewed its push to expand there, saying it cannot afford to miss out on the world's biggest internet market, the Wall Street Journal reported, citing Daniel Alegre, Google's top executive in Asia. The search giant is hiring more engineers, salespeople and product managers and is working to introduce new services in China. In particular, Google is aiming to capitalize on its fast growing Android operating system for mobile devices, online advertising and product search services in the country
January 11 – Microsoft Corp (NASDAQ: MSFT) said it filed a suit against Gome Electrical Appliances Holding Ltd (HKG: 0493), China's second largest chain store by revenue, accusing it of selling pirated Windows and Office software.
January 11 – Nestle SA will spend ¥2.5 billion in the northeastern province of Heilongjiang to boost output in the country after tainted milk from competitor China Mengniu Dairy Co (HKG: 2319) hurt consumer confidence, Bloomberg reported, citing Nestle Greater China Chairman Roland Decorvet. The company, the world's largest food maker, also plans to expand capacity by investing another ¥600 million in the next two to three years.
January 10 – Regulatory approval was given to Citigroup Inc (NYSE: C) to establish a securities brokerage with Orient Securities Co, through which Citigroup will explore China's underwriting and bond markets.
January 10 – Nike Inc (NYSE: NKE) said it plans to build a 600,000ft2 regional head office in Shanghai, which is expected to become operational by the end of Q1 2014. Nike's income from the Greater China region exceeded $2 billion in its latest financial quarter.
January 10 – General Motors Co (NYSE: GM) said its sales in China rose 8.3% to 2.55 million units in 2011.
January 10 – Ford Motor Co (NYSE: F) said its sales in China rose 7% to 519,390 units in 2011.
$1 = ¥6.32
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