Foreign Companies in China Roundup: JCI, BX, QCOM, MCD, WMT

January 20 – Johnson Controls Inc's (NYSE: JCI) fiscal Q1 earnings rose 9.3% on its automobile battery business, but it lowered its full-year outlook amid a temporary plant shutdown in China, the Wall Street Journal reported. In September, Shanghai ordered the shutdown of its plant after 25 children living nearby tested positive for dangerously high levels of lead.
http://online.wsj.com/article/SB10001424052970204616504577170790140485400.html

January 19 – The Blackstone Group (NYSE: BX) said it will continue to seek opportunities to invest in Chinese property developers even if one of its funds has just withdrawn from a Guangzhou-based joint venture with Evergrande Real Estate Group (HKG: 3333).
http://cn.reuters.com/article/chinaNews/idCNCNE80I03W20120119

January 19 – Qualcomm Inc (NASDAQ: QCOM) a California-based wireless telecommunications products maker and service provider, collected 32% of its revenue from mainland China in its 2011 fiscal year, chairman Paul Jacobs told NetEase Tech, adding that the company has developed partnerships with over 80 Chinese firms, including 20 during the past year.
http://www.marbridgeconsulting.com/marbridgedaily/2012-01-18/article/53125/china_accounts_for_32_of_qualcomm_revenue

January 18 – McDonald's Corp (NYSE: MCD) raised the prices of some products in China by up to ¥2 due to rising rental, ingredient and labor costs.
http://www.linkshop.com.cn/web/archives/2012/192017.shtml

January 17 – Carrefour said it plans to open 30 stores in China this year, a pace faster than its average of 20 to 25 openings annually over recent year. The French retailer was operating 203 stores in the country as of the end of 2011.
http://www.yicai.com/news/2012/01/1371041.html

January 16 – Walmart Stores Inc (NYSE: WMT) opened 43 stores in mainland China in 2011, taking the total number to 267, according to Link Shop statistics.
http://www.linkshop.com.cn/web/archives/2012/191697.shtml

$1 = ¥6.31