February 21 – Adidas AG expects its revenue from China to grow at a double-digit rate annually until 2015, CEO Herbert Hainer said, adding that revenue from the Greater China region surged to $1.31 billion in 2011 and that the region has become its second largest market after North America. Adidas opened 1,175 stores in China last year.
February 21 – Honeywell International Inc (NYSE: HON) will launch a series of mergers and acquisitions in China and double its revenue from the country in the next five years, Honeywell China's CEO told Yicai.com. The aerospace product maker's revenue from China has risen 21% annually between 2004 and 2011.
February 21 – A Shenzhen court rejected Apple Inc's (NASDAQ: APPL) email evidence in its lawsuit against Shenzhen-based display manufacturer, Proview. Apple claimed that emails between a Proview employee identified as Huiyan and an unnamed intellectual property company demonstrate that Proview had transferred its iPad trademark rights to Apple, but the court ruled that there was insufficient evidence to prove Huiyan was a legal representative for Proview.
February 21 – Ford Motor Co (NYSE: F) expects China's vehicle sales to rise 5% in 2012, the auto maker's regional head said, forecasting a second year of moderate growth in the country after years of double-digit increases. But Joseph Hinrichs, president of Ford Asia-Pacific and Africa, expected the company's own sales to exceed the industry average as it expands production and introduces new models in China.
February 20 – LinkedIn Corp (NASDAQ: LNKD) founder Reid Hoffman is meeting Baidu (NASDAQ: BIDU), China's biggest search engine, Sina (NASDAQ: SINA), the provider of the nation's most popular microblogging service Weibo, Renren (NYSE: RENN), a leading SNS site and Qihoo 360 (NYSE: QIHU), a leading Chinese antivirus developer, for discussions about making a foray into the Chinese market.
February 20 – Walmart Stores Inc (NYSE: WMT) said it plans to increase its stake in Yihaodian.com, a leading Chinese online supermarket, which employs 5,400 workers. The deal is pending approval from Chinese authorities.
February 17 – DreamWorks Animation SKG Inc (NASDAQ: DWA) has struck a deal to set up a production studio in Shanghai as a joint venture with two Chinese media entities and the investment arm of the Shanghai government, the Wall Street Journal reported, citing a company announcement. The new company, named Oriental DreamWorks, will develop and distribute animated films and television programs in China. The studio plans to release its first animated film by 2016.
February 17 – Nestle SA, the world's biggest food maker, said its revenue from China surged to $5.4 billion in 2011 and the country will be its focus for investment in the years to come.
February 17 – French hotel operator Accor SA said it plans to open 25 hotels in China this year. It was operating 114 hotels with some 30,000 rooms in the country as of the end of 2011.
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