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Taobao 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 ...

China Mobile puts more pressure on Unicom

China Mobile Ltd said 5.6 million iPhone users had access to its wireless network by the end of May, putting increasing pressure on China Unicom (Hong Kong) Ltd, Apple Inc's official partner in the country. Wang Jianzhou, chairman of China Mobile Communications Corp, the parent ...

China Mobile's 2G iPhone users reach 5.6 million

China Mobile's 2G iPhone user base reached 5.6 million as of the end of May, up 700,000 in the month, Wang Jianzhou, chairman of the world's biggest mobile carrier, said yesterday. A photograph of an iPhone with China Mobile's 3G or 4G baseband tech figures was widely spread ...

Amazon launches new platform

China's leading online shopping platform Amazon.cn yesterday launched an open platform that allows third-party vendors to sell on its website. Vendors can apply to open store fronts and choose to use Amazon's logistics and delivery services for a 2 to 7 percent commission.

Originality lacking in animation industry

China may be the world's leading producer of animation but it lacks original cartoons, officials said yesterday at the opening day of the 2011 CCG Expo in Shanghai. According to a report from the Chinese Academy of Social Sciences, China produced more than 220,000 minutes of ...

TNT looks to make inroads

TNT Express NV, the Netherlands-based international express delivery company, is vying for a larger share of China's road delivery market, a top executive from the company told China Daily on Thursday. Although the road delivery market in China is not as mature as those of Europe ...

Russian-tourist activity center opens in China's summer sea resort

A Russian-tourist activity center has opened in the summer sea resort of Beidaihe in north Hebei Province to meet the demands of booming tourism, local tourism authorities said Thursday. The 12,000-square-meter facility with room for more than 2,000 people mainly consists of a ...

Fujitsu looks to Chinese market

Fujitsu Ltd aims to at least double its revenue from China in three years. The Japanese technology giant is planning to increase the proportion of revenue earned in overseas markets and to join the growing number of technology companies developing cloud-computing services. Masami ...

Airlines to fend off fast-train threat

Under pressure from the 300 km/h Beijing-Shanghai rail service that started on June 30, the air transport industry has announced several initiatives to improve punctuality and strengthen cooperation with high-speed rail operators. A publicity official from the North China ...

China approves plan for energy "golden zone"

The central government has approved plans for an energy industry "golden zone" linking Shaanxi province and the autonomous regions of Ningxia Hui and Inner Mongolia in northwestern China, said an autonomous region official on Wednesday. "After thorough research and investigation, ...

Tencent to buy Kingsoft stake

China's largest Internet company Tencent Holdings said it will pay US$115 million for a 15.68 percent stake in Hong Kong-listed software developer Kingsoft Co Ltd as it extends its business beyond online chatting and Internet games. Tencent will buy 178.4 million shares from two ...

Fujitsu looks to Chinese market

Fujitsu Ltd aims to at least double its revenue from China in three years. The Japanese technology giant is planning to increase the proportion of revenue earned in overseas markets and to join the growing number of technology companies developing cloud-computing services. Masami ...

BYD stocks drop as car loan tie-up fails

Shares of BYD Co fell 3.16 percent on Hong Kong Stock Exchange yesterday after its car loan joint venture collapsed. BYD, backed by billionaire Warren Buffett, said its French partner Compagine Generale de Location d'Equipements decided to dissolve the joint venture due to ...

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 ...

Shenzhen Airlines to become member of Star Alliance

Shenzhen Airlines signed a memorandum of understanding with the Star Alliance on Wednesday, paving the way for the carrier to become the second Chinese member of the world's first and largest airline alliance after Air China. Joining the Star Alliance will help enhance competitiv...

Longchamp to expand in China

The French luxury brand Longchamp SAS will accelerate its expansion in China to make the country one of its top-three markets in three years, the company's chief executive officer said. "Our company's business in the first six months in China increased 67 percent over last year, ...

Property market inventories set to soar

The inventory in China's property market will surge in the second half of the year, thus prompting property developers to cut prices further as tightening measures continue, industry experts said on Tuesday. According to Stephen Green, head of research at Standard Chartered Bank ...

Fiat recalls 1,223 imported autos in Chinese mainland

Italian automaker Fiat will recall 1,223 imported vehicles in China's mainland from Wednesday to fix problems that could pose safety risks, China's quality watchdog said Tuesday. The recall involves the models Fiat Bravo 198 MT and 198 MTA that were imported in 2008 and 2011, the ...

Baidu inks deal with TV network operator

China's largest search engine Baidu Inc has teamed up with digital television network operator WASU Digital Media Group to launch an Internet search service on television sets. This is the latest step in Baidu's drive to extend its business beyond desktop computers to terminals ...

Shenhua wins 40% stake in coal project

Shenhua Group Corp Ltd is to get a 40 percent share in developing Mongolia's Tavan Tolgoi coalfield, the world's largest untapped source of coal, which will help the country to further diversify its energy resources. The Mongolian government announced on its official website late ...
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