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Apple Files Second Trade Complaint against HTC

Apple Inc. has filed a second patent-infringement complaint against HTC Corp. at the U.S. International Trade Commission (ITC), according to a noticed posted on the ITC website on Monday. The complaint, which was currently unavailable for viewing, was filed last Friday against ...

Chinese Telecom Giant Ambitious to Lead 4G Mobile Technology

China Mobile, the country's largest mobile telecom operator, is taking ambitious steps to promote the "fourth-generation," or 4G mobile technologies, according to the general manager of its research institute. "You have to be a leader, not a follower...timing is everything," said ...

Mercedes-Benz's 1st Overseas Plant Lays in Beijing

German automotive giant Mercedes-Benz laid the foundation for its first overseas engine plant in Beijing on Saturday. The new factory of Beijing Benz-Daimler Chrysler Automobile Co., co-invested by Beijing Automotive Group and the Daimler Motor Company, the German automobile ...

Taobao.com Advised to Stop Selling Drugs

Zhejiang provincial food and drug authorities have ordered Taobao.com, China's leading e-commerce platform, to stop pharmaceutical drugs being sold on the website as the company hasn't obtained relevant official certificates, according an official with the State Food and Drug ...

61 Mainland Corporations Enter Fortune Global 500

Sixty-one Chinese mainland corporations were listed in the Fortune Global 500 2011 which was published this Thursday, 15 more than last year's, China News Service reports. Sinopec Group, China National Petroleum and State Grid remain in the top 10 with the respective ranks 5, 6 ...

HK Disneyland to Raise Major Ticket Fee

Hong Kong Disneyland Resort announced Friday that the theme park will raise the price of its one-day ticket by 14 percent starting from August. The fee for both adult and child will be at 399 HK dollars and 285 HK dollars respectively, representing a 14 percent rise from the ...

Apple's App Store Tops 15 Billion Downloads

Apple announced Thursday that over 15 billion applications have been downloaded from its App Store by more than 200 million Apple mobile devices users worldwide. "Thank you to all of our amazing developers who have filled it with over 425,000 of the coolest apps and to our over ...

Ebay Buys Mobile Payment Provider Zong for 240 mln Dollars

Online auction giant eBay announced Thursday that it has agreed to acquire Zong, a leading mobile payment company, for approximately 240 million U.S. dollars in cash. Zong enables users to pay for things via direct billing to mobile phones. Consumers only need to enter their ...

China's oversea projects see big rise in cost

The infrastructure costs of Karara, a project jointly developed by Anshan Iron and Steel Group and Gindalbie Metals Ltd, went up significantly more than first estimated, the 21st Century Business Herald reported Wednesday. Gindalbie Metals Ltd, an Australian company that Anshan ...

Tencent to buy 16% of Kingsoft for $115m to expand

Tencent Holdings Ltd, China's biggest Internet company, agreed to buy a 15.7 percent stake in Kingsoft Corp for HK$892 million ($115 million) to expand in computer-security services, Bloomberg reported Thursday Tencent will buy 111.5 million shares from Kingsoft Chief Executive ...

Alibaba Group to launch mobile OS in Q3: Report

China's top e-commerce group Alibaba Group is preparing to launch a mobile operating system in the third quarter, the Wall Street Journal reported on Tuesday. The mobile operating system, to be developed by Alibaba's cloud computing unit, will also provide mobile applications, ...

Baidu, Microsoft co-op on search service

BEIJING - Google Inc may face a new challenge in China as Microsoft Corp, its main rival in the United States, and Baidu Inc, China's biggest search engine, are joining forces against it in the world's largest Internet market. Microsoft will provide English-language results from ...

Motorola CEO sees business improvement

BEIJING - Sanjay Jha , chief executive officer of Motorola Mobility Holdings Inc, said he anticipates a further improvement in the company's business in China, and predicted that more than 50 percent of the country's mobile subscribers will be using smartphones within the next ...

Bulgaria, China to build ties in information technology

SOFIA -- Bulgaria and China signed a memorandum on cooperation in information technologies and communications here Friday. The agreement, signed by the Bulgarian Minister of Transport, Information Technology and Communications Ivaylo Moskovski, and the Chinese Minister of ...

Hong Kong stocks close down 0.1%

Hong Kong stocks shed 22.52 points, or 0.1 percent, to close at 22,747.95 on Tuesday. The benchmark Hang Seng Index opened 51.28 points higher and fluctuated around 22,770 level in the morning session. The index moved mostly downward in the afternoon and touched the day-low of 22...

Paramount to Launch Animation Division

Paramount Pictures, a unit of Viacom Inc., will soon be spending up to 100 million U.S. dollars to make its own animated features for release in 2014, the studio announced on Wednesday. Paramount Animation, the studio's in-house animation division, will be set up as part of the ...

Facebook Integrates Skype for Video Calling

Facebook on Wednesday introduced a new video calling feature powered by Skype and some improvements to the chat designs on the social networking site. According to Facebook, users can reach video calling from a new "Call" button on a friend's profile or from the chat panel after ...

Chery's June Auto Exports Hit Record High

Automobile exports for Chery Auto, the country's largest domestic carmarker, surged by 105.9 percent year-on-year to hit 16,500 units in June, setting a monthly export record since the 2008 global financial crisis, company sources said Wednesday. The company's total export volume ...

Li Ning sees decline in H1 revenues, profit margin

HONG KONG - Homegrown Chinese sport brand Li Ning Co Ltd said it expected to see its revenues decline 5 percent in the first half of 2011 from a year ago as it moves to revamp distribution channels. In a filing to the Hong Kong bourse on Thursday, it said same-store sales growth ...

Temasek in $3.7b sale in 2 Chinese banks

HONG KONG - Singapore state investor Temasek Holdings launched a $3.7 billion sale in two Chinese state-owned banks late on Tuesday, according to a term sheet seen by IFR, in a move aimed at trimming its exposure to financial sector. Temasek, which has about $152 billion under ...
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