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Xinhua Insight: Alipay case shows VIE structure may not be safe anymore

The Alibaba Group said on Wednesday that the company and its major stakeholders Yahoo! Inc. and the Softbank Corporation have made "substantive progress" in settling a dispute over the status of Alipay, Alibaba's popular online payment platform. The dispute arose a month ago, ...

Hainan Airlines named China's best airline for 2011

Hainan Airlines was named 2011 "Best Airline China" and "Staff Service Excellence China" in the annual Skytrax awards at the Paris Air Show Wednesday. Skytrax, a London-based air transport research and review organization, unveiled the 2011 Skytrax World Airline Awards. Hainan ...

China UnionPay, Datang Telecom to develop mobile payment system

China UnionPay, one of the world's largest bank card organizations, said on Wednesday that it has signed an agreement with telecom equipment manufacturer Datang Telecom Technology to jointly develop mobile phone payment services. According to the agreement, the two companies will ...

China's Alibaba says "substantive progress" made to solve spinoff dispute

China's Alibaba Group on Wednesday said the company and its major stakeholders Yahoo! Inc. and Softbank Corporation "have made substantive progress" toward an agreement to settle the dispute over the status of Ailibaba's popular on-line payment platform Alipay. "Alibaba Group and ...

OrganoTex enabling highly water repellent textiles

If you want true functionality you cannot rely on environmentally friendly products. That used to be true for the textile industry as well, until now. The Swedish green materials company OrganoClick AB and its academic partners are pushing the frontier in terms of developing ...

China's Zhengzhou Commodity Fair promotion meeting held in Vietnam

The China's Zhengzhou National Commodity Fair and Consumer Goods Expo held a promotion conference here Tuesday to introduce its 17th session. More than 200 representatives from Vietnam's Ministry of Industry and Trade (MIT), Vietnam Chamber of Commerce and Industry, Zhengzhou ...

China adheres to road of green industrialization: minister

China will adhere to the road of green industrialization characterized by higher science, better economic efficiency, low consumption of resources, less pollution and full use of labor advantages, said China's Minister of Industry and Information Technology Miao Xu Tuesday here. ...

Comac, Ryanair eye cooperation on C919

Chinese aircraft manufacturer Comac and Irish airline Ryanair inked an agreement here Tuesday to cooperate in the development of China's large passenger aircraft, the C919. Jin Zhuanglong, general manager of Comac, or Commercial Aircraft Corporation of China, Ltd., and Michael O...

NW China Int'l carpet exhibition gathers 4,000 business people from home and abroad

More than 4,000 business people from home and abroad have gathered in Xining, capital of northwest China's Qinghai Province, to attend the annual Qinghai International Carpet Exhibition. They came from 34 countries and regions around the world. The four-day fair, which opened ...

Geely head has major investment in lithium

In a move insiders see as groundwork for new energy vehicles and batteries, the chairman and largest shareholder of automaker Geely has personally invested in the Australian lithium compound company Galaxy Resources. Geely Chairman Li Shufu's wholly owned investment company ...

China's Huawei storms into tablet PC market

The Huawei Technologies, headquartered in China's southern Shenzhen city, unveiled a 7-inch Android-based tablet computer in Singapore yesterday, throwing itself into a market competition with Apple and Samsung. The Chinese top technology company said it is developing a larger 10...

Renren loses US$2.6m in 1st quarter

China's leading social networking site Renren Inc reported a narrower net loss in the first quarter of this year as advertising income increased. Renren's net loss dropped 78.5 percent from the same period last year to US$2.6 million, the company said in a statement yesterday. ...

Compal Electronics to build base in Chongqing

Compal Electronics Inc., a major world contract maker of laptops, has signed an agreement to build a production base in southwest Chongqing Municipality, local authorities said Tuesday. The Taiwan-based company is the last of the world's six largest computer contract manufacturer...

Steel prices drop on low demand

China's steel prices declined nationwide last week, people.com.cn reported Monday, citing Xiben New Line Stock Co Ltd, a domestic steel spot trading platform. Steel prices dropped by 70 yuan a ton during the week beginning June 13 in Shanghai, according to Xiben. On June 17, ...

Cost of license plates soars

The price of private vehicle license plates in Shanghai soared to a three-year high of 48,855 yuan ($7,544) on June 18, rising 1,155 yuan from May's figure amid worries over tighter rules on car ownership. The rise is well within market expectations as strong demand surpasses ...

Geely head has major investment in lithium

In a move insiders see as groundwork for new energy vehicles and batteries, the chairman and largest shareholder of automaker Geely has personally invested in the Australian lithium compound company Galaxy Resources. Geely Chairman Li Shufu's wholly owned investment company ...

After the boom in car sales, it's the turn of after-sales

The growing number of car owners in China is proving to be a big attraction to the after-sales market in the almost two years since sales boomed. Observers expect a surge in demand as automobile ownership increases - a development that one company in particular hopes to ...

Rising coal costs drive China's power producers into the red

China's five biggest power companies have reported increasing losses in their thermal power business ventures as they continue to struggle with rising coal costs and capped electricity prices. Combined losses for the five companies' thermal power ventures reached 12.16 billion ...

Huawei launches world's first Android 3.2 Honeycomb tablet

Leading telecommunications solutions provider Huawei launched the world's first 7-inch Android 3.2 Honeycomb tablet on Monday in a drive to grow its device sales. The MediaPad with Qualcomm's dual-core 1.2 GHz processor and a 7-inch IPS (In Plane Switching) capacitive touchscreen ...

China's aerospace manufacturer seals deal with engine maker

Commercial Aircraft Corporation of China, Ltd. (Comac) signed a contract on Monday with CFM International, making the engine maker the sole overseas supplier for its C919 passenger plane's propulsion system. The LEAP-X1C engine under development by CFM International was ...
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China offers inspirations to global dilemmas
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Merck to put $1.5b in R&D
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market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
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China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
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Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
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Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
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Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
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Boeing Wins Biggest Order of US$26b
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sports

Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...
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