BYD tops Businessweek's annual Tech 100 list
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China's business press carried the following stories on Thursday. China.org.cn has not checked the stories and does not vouch for their accuracy.
BYD tops Businessweek's annual Tech 100 list – Information Times
Chinese car and battery manufacturer BYD has surprisingly grabbed top spot in Businessweek's annual Tech 100 list, Information Times reported Thursday.
The Tech 100 lists the best performing tech companies in the world. This is the first time a Chinese company has grabbed the No.1 spot. Apple and China's largest internet company Tencent ranked 2nd and 3rd on the list. Last year's winner, Amazon, came in fourth.
Following are the top 20 companies on the Tech 100 list:
1. BYD (Chinese mainland)
2. APPLE (United States)
3. Tencent Holdings (Chinese mainland)
4. Amazon.com (United States)
5. Tata Consultancy (India)
6. Priceline.com (United States)
7. Centurylin (United States)
8. Cognizant Tech (United States)
9. Infosys (India)
10. Softbank (Japan)
11. WPG Holdings (China's Taiwan region)
12. Mediatech (China's Taiwan region)
13. NTT DATA (Japan)
14. Rakuten (Japan)
15. Nintendo (Japan)
16. Samsung Electro-Mechanics (Korea)
17. Wipro (India)
18. China Mobile (Chinese mainland)
19. Yahoo Japan (Japan)
20. Oracle (United States)
Australia's FIRB delays ruling on Bright Food-CSR Sugar deal - Oriental Morning Post
Australia's Foreign Investment Review Board (FIRB) has delayed its ruling on Chinese company Bright Food's bid for CSR's sugar business, the Oriental Morning Post reported Thursday.
FIRB, which has traditionally taken a tough line on investment from Chinese companies, said that the delay won't exceed 90 days.
Bright Food, one of China's leading food producers, initially offered A$1.5 billion for the Australian company's sugar division. In April, Bright Food raised its bid to A$1.75 billion after its initial bid was rejected.
CSR is a major Australian industrial company, producing aluminum, sugar products and construction materials. Its subsidiary, CSR Sugar, is the largest raw sugar producer in Australia.
Steel mills profit 12.2 bln yuan in April – China Securities Journal
China's large- and medium-sized steel companies made 12.2 billion yuan profit in April, said Qi Xiangdong, deputy secretary-general of the China Iron & Steel Association (CISA).
In the first four months of the year, the rate of return on sales for China's 77 large-and medium-steel companies steel makers was 3.6 percent, up 35 basis points compared to first quarter figures, indicating a rise in profitability. The 77 companies made profits of 21.77 billion yuan in Q1.
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