Weichai buys 20% stake in Ceres Power
Automobile and equipment manufacturing firm Weichai Power signed a strategic cooperation deal on Wednesday with British solid oxide fuel cell maker Ceres Power. Under the agreement, Weichai, which is listed in both Hong Kong and Shenzhen, plans to pay more than 40 million pounds ($54 million) for a 20percent stake in Ceres Power, developer of SteelCell, a leading lowcost SOFC technology. The two also agreed to establish a joint venture for fuel cell system manufacturing by 2020 in Weifang, Shandong province, where Weichai is headquartered. in Japan to tap the growing Asian tourism market. Tourism products in global destinations are available with a 24-hour Japanese language service on Trip.com, a sub-brand of Ctrip. Ctrip bought US tourismthemed social networking platform Trip.com late last year as part of its efforts to venture overseas and serve global travelers. Japan is Asia’s second-largest tourism market and has great business opportunities for Ctrip, said its CEO Jane Sun. granted a specific project waiver by the US authorities with the support of the French and European authorities, it said. negative growth of 3.6 percent.