Showing posts with label China. Show all posts
Showing posts with label China. Show all posts

Monday, 5 May 2014

VIDEO: Sands China hits jackpot in Macau

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Macau has hit the jackpot to become the world's gambling capital.

The city's casinos took in $45bn (£27bn) last year, which means Macau earns more in two months than the US hotspot of Las Vegas does in a year.

As a result, US gambling tycoon Sheldon Adelson has bet big on the Chinese territory with his company Sands China.

It owns the world's two largest casinos in Macau, and seems to have come up with a winning hand again, raking in $750m in the first quarter.

The BBC's Juliana Liu has more.


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Sunday, 20 April 2014

Hamilton relieved to win in ChinaSnapshot: Sushmita Sen walks the ramp with daughter Renee, looks awe-striking must visit


Hamilton's Mercedes team-mate Nico Rosberg finished second, defend Ferrari Fernando Alonso after a poor start to beat sixth round one has him.


Alonso drove Red Bull Daniel Ricciardo attack, finally on the podium.

F1 moments in China


An unhappy Sebastian Vettel was fifth, beaten by team-mate Ricciardo for the second race in a row.


The world champion was powerless passed him to stop the Australian a team to Ricciardo to let refused it in the middle of the race.


But Vettel troubles were a mere SideShow unanswerable pace of Hamilton, who was in one of his own in the entire League.


Hamilton pulled way in about a second a lap in the early rounds and was placed in the cruise control for the remainder of the afternoon, with less tyre wear and better fuel economy than its rivals as he left at the top of the field in circulation.


The victory closes his deficit on Rosberg at the top of the Championship to four points.


"I can't believe how great the car is and how hard everyone is working," said Hamilton on the podium. "After the launch it was racing really only me. I'm really glad that Nico is here with us. Big points for the team."


Hamilton is the 25-points hit he was retired from the first race of the season in Australia, while Rosberg won, yet devised. The Englishman has every grand prix since won.


Rosberg the race, shown in the meantime, is how much more difficult it even in a dominant car like the Mercedes a driver finds himself out of position.

Lewis Hamilton of Great Britain and Mercedes GP leads the Chinese Formula One Grand Prix at the Shanghai International Circuit on April 20, 2014 in Shanghai, China.

A loss of telemetry before the race can Williams' Valtteri Bottas bouncing over his front wheel on the entry in the first corner, Hamilton, Vettel, Alonso did start fourth and he to a poor home form survived to pursue Ricciardo and Williams' Felipe Massa in the first round.


Rosberg, lap four passed Massa, skipped Ricciardo during the first pit stops, outdated Vettel in round 22, and then on the way to Alonso.


Ferrari driver jumped to third in the first corner of his fifth place with a sparkling usually start despite a side collision with Massa.


Alonso harassed Vettel in the first round, but was forced to settle for third in the first stint.


He jumped in front of Vettel in second place in the first pit stops and managed to stay until his second and final stop in round 33, despite Rosberg moves on his cock.


A former terminus of Alonso and a goalkeeping error from Rosberg on his lap gave Alonso a five seconds advantage after the Mercedes of driver's final stop four laps later.


But Rosberg unleashes the full speed of the Mercedes in the subsequent five rounds and cruised past the Ferrari on the straight in round 42, 14 laps to go.


This left Alonso five seconds ahead of Ricciardo and need, the Red Bull at Bay hold. He discussed about 1.2 seconds, despite problems with his front tyre suffer.


"It was a good weekend," said Alonso. "We improve the car a little in comparison to the first three races, so we become more competitive we felt, the podium is a nice surprise for us.


"I think I am third in the Championship behind these two types. Not the start we would have the season we had liked, but we are still in the fight. "

Everything you know about the Grand Prix of China must be


Vettel had, gave way by Ricciardo in qualifying, that his team-mate outperformed him openly and honestly, and he struck did so again in the race.


The Australian closed at Vettel tail round 23, whereupon Red Bull the German let him through ordered.


"It's what tires?" Vettel asked him about radio - his race engineer Guillaume Roquelin said that Ricciardo on the same tyre was, was but later had stopped.


"Tough luck", Vettel replied.


Still, that Ricciardo slide Vettel, and he made to turn his train a round 26 Vettel tried initially on, but on the slippery outside connection, slipped far and Ricciardo was through.


Ricciardo just him then left behind and was at the end of the race significantly more than 20 seconds, as concentrated, that Vettel to keep his advantage to force India, Nico Hülkenberg in sixth place.


Botta's were seventh, by Ferrari of Kimi Raikkonen, who now comprehensively beat four of his races by Alonso at all since his return to Maranello.


Force in Dia, Sergio Perez and Toro Rossos Daniil lap took the final points positions.


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Sunday, 6 April 2014

House of Fraser set for China sale/must visit

House of Fraser store House of Fraser has a complicated ownership structure UK department store chain House of Fraser is poised to be sold to Chinese conglomerate Sanpower, the BBC understands.


Sanpower is expected to take an 89% share in the company which would value the business at about £450m.


The deal is expected to be China's largest foreign retail investment to date.


Sanpower Group was founded in Nanjing in 1993 by 49-year-old entrepreneur Yafei Yuan.

China stores?

It controls more than 100 firms in a range of sectors, from retail to property, including the Nanjing Xinjiekou department store chain.


Sanpower currently employs 30,000 people and has assets believed to be worth nearly £5bn.


It is thought Sanpower plans to invest £70m to £80m into House of Fraser in order to finance a wide-ranging store revamp and website improvements.


It could also take the department store into China by opening new stores or changing some existing sites to the House of Fraser name.


House of Fraser generates sales of around £1.2bn a year and employs 7,300 people. It also employs 12,000 concession staff at 61 stores.


It has conducted a lengthy search for new investors in the past year.

Rich history

The surprise Sanpower interest, which first emerged at the end of March, came as bankers were putting together plans to float House of Fraser later this year.


House of Fraser has been running a dual-track sale process.


The company, which was founded in 1849, has been looking for potential buyers while also considering a possible listing on the stock exchange.


House of Fraser originally listed on the stock market in 1948, and remained a public company until it was bought by Mohamed al-Fayed in 1985.


It was listed again in 1994 before being bought in a £350m deal in 2006 by an investment group led by Icelandic businessman Jon Asgeir Johannesson's Baugur Group.

Healthy Christmas

Talks about a sale to French counterpart Galeries Lafayette ended in January.


Sports Direct founder Mike Ashley also expressed interest in the department store in 2012, when he looked at buying a minority stake in the business.


House of Fraser has a complicated ownership structure with 49% of the holding company, Highland Group Holdings, owned by the representatives of failed Icelandic banks Landesbanki and Glitnir.


Chairman Don McCarthy owns 20%, retail entrepreneurs Tom Hunter and Kevin Stanford own 11% and 9% respectively, Lloyds Banking Group has 5%, and other management own 6%.


In January, House of Fraser was one of the few department stores to report healthy Christmas sales, while rivals including Marks & Spencer and Debenhams struggled.


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Sunday, 16 March 2014

US 'disturbed' by China rights death/must visit

Prominent Chinese human rights activist Cao Shunli stands in front of an emblem of the Chinese Communist Party during an interview in the central business district of Beijing March 23, 2013 Cao Shunli's lawyers say she was denied medical treatment for several months The United States has said it is "deeply disturbed" by reports of the death of activist Cao Shunli at a hospital in Beijing.


Cao's lawyers said she had died in detention after being denied medical treatment for several months.


The human rights activist was arrested at Beijing airport in September, when she attempted to board a flight to Geneva to attend a UN training course.


She had previously served at least two terms in prison camps for her activism.


Human Rights Watch said that Cao was only transferred to hospital in February, despite her medical condition worsening in her months in detention.


Cao had advocated for the right of independent civilians to participate in the Chinese government's drafting of human rights reports.


US State Department spokeswoman Jen Psaki said that the US had repeatedly raised concerns about Cao Shunli's detention and deteriorating health with the Chinese authorities.

Friends of human right activist Cao Shunli stand in front of an intensive care unit where Cao is hospitalized as they are not allowed to go inside of the unit at a hospital in Beijing (1 March 2014) Cao Shunli was transferred to a Beijing hospital in February

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