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HiSoft Technology International announces plans to merge and acquire consulting firms in U.S

HiSoft Technology International announces plans to merge and acquire consulting firms in U.S

HiSoft Technology International said in a public statement last week that it plans to do more merges and acquisitions to further tap into the U.S. market, a region that brings in almost 50 percent of its earnings.

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Bright Food acquires UK Cereal Company Weetabix

Bright Food acquires UK Cereal Company Weetabix

On May 3 Bright Food Group Co., Ltd. announced its acquisition of UK breakfast cereal maker Weetabix, according to a Reuters report. Bright Food, one of China’s largest food groups,

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Chinese companies taking shortcuts by purchasing European luxury brands

Chinese companies taking shortcuts by purchasing European luxury brands

HiSoft Technology International said in a public statement last week that it plans to do more merges and acquisitions to further tap into the U.S. market, a region that brings in almost 50 percent of its earnings.

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By Claire van den Heever

China is a great producer of mind-boggling statistics, and Chinese outbound tourism is no exception. But beyond how many tens of millions of people travelled last year, little else is published about this demographic: where they travel and why – or where they dream of going. A report by China’s top travel website, Qunar.com, published in the last quarter of 2011, aims to shed light on just that: Chinese tourists’ top ten dream destinations.

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By Adam Skuse

Emerging from an alliance of three small cantons in the central Alps over 700 years ago and aimed at protecting free trade in the region, Switzerland’s neutrality has been recognised since the Congress of Vienna in 1815, when it won independence from Napoleonic France. This has been staunchly maintained ever since, seeing the federation of 26 cantons through two world wars that savaged the nations surrounding it.

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By Iain Manley

Of the 57.4 million Chinese tourists and businesspeople who went overseas in 2010, only 730,000 arrived in Africa. A full 28 percent of them landed in Egypt, which has an appeal distinct from its neighbors, while a further 33 percent went to just two countries: South Africa, which saw a surge in tourism during the FIFA World Cup, and Kenya.

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By Leo Zhang

For the past decade, China has been actively pursuing business opportunities in overseas infrastructure construction and pocketed a hefty amount of orders with handsome returns. However, after years’ of blistering expansion, the sector has come across a bottleneck.

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