April 5 - Toyota Motor Corp's (NYSE: TM) sales in China rose 2.2% in March from a year earlier to about 86,000 vehicles, the Wall Street Journal reported, citing a company spokesman. For the first three months of 2012, the Japanese automaker sold about 211,500 vehicles, up 1.8% from the same period last year.
April 2 - Coca-Cola Co (NYSE: KO) plans to triple its 2010 level revenues from China by 2020 to make it the beverage maker's largest market, according to Bai Changbo, vice president for Coca-Cola Greater China region.
April 2 - Starbucks Corp (NASDAQ: SBUX) is planning a bigger push into smaller Chinese cities as it triples stores in the country that will become its second biggest market by 2014, Bloomberg reported, citing John Culver, head for China and Asia Pacific. Starbucks will have 1,500 stores in more than 70 Chinese cities by 2015 and expansion through smaller cities is "most definitely" a viable way to grow, Culver said on the sidelines at the annual Boao Forum for Asia.
March 31 - International Business Machine Corp (NYSE: IBM) said it will work with Chinese firms to build its third Chinese cloud computing center in Changchun, Jilin's provincial capital, to serve northeastern China and Inner Mongolia. IBM, iSoftStone Holdings Ltd (NYSE: ISS), a Chinese IT service provider, and Datang Mobile Co plan to invest a total of ¥500 million finishing the first phase of the facility by the end of June.
March 30 - Harry Winston Diamond Corp (NYSE: HWD) said it plans to open its first Chinese outlet in Shanghai in April. The 5,800m2 flag store will be located in Xintianti in downtown Shanghai.
March 27 - South Korea's Samsung Electronics said it is in talks with the Xi'an city government to invest $7 billion building a plant there. Construction on the project is expected to begin by the end of this year and take one year to complete.
March 27 - NetJets Inc, a unit of Warren Buffett's Berkshire Hathaway Inc (NYSE: BRKA, BRKB), said it will team up with a consortium of Chinese investors led by private-equity fund Hony Capital and Fung Investments as rising wealth and trade spurs demand for luxury flights in China. The joint venture and its operational base will be headquartered in Zhuhai, Guangdong province.
March 27 - Apple Inc (NASDAQ: APPL) plans to make greater investment in China, Bloomberg reported, citing CEO, Tim Cook, who had "great meetings" with Chinese officials, Carolyn Wu, a Chinese spokeswoman, said without identifying the people.
$1 = ¥6.3
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