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Advertising experiences a boom

Group-purchasing websites have the most potential for advertisers, who are witnessing a boom for their industry on the Internet thanks to the increasing number of netizens and the development of online companies in China, according to a new report. During the first quarter of ...

Official: Hong Kong property market faces higher risks than in 1997

Judging from the interest rates environment, the property market in Hong Kong faces risks worse than those seen in 1997, said Norman Chan, director of the Hong Kong Monetary Authority. The Hong Kong property market experienced reversals in 2011, and although the market slightly ...

Dairy firms blamed for poor milk

China's dairy industry has the lowest quality standards in the world and much of the blame is down to the large companies that dominate it and the rock-bottom prices they pay farmers for raw milk, said industry experts. "Milk processors and farmers all know that the problems of ...

Cyber wars between stores are heating up (2)

Although 360buy.com extended its business to other fields, such as general merchandise, books and clothes, electrical products remain the biggest proportion of total sales, contributing more than 90 percent of revenue last year. Liu raised the earnings forecast of 360buy.com to ...

China's lottery sales up 33 pct in first five months

China's lottery sales in the first five months rose 32.5 percent year-on-year to 83.69 billion yuan (about 12.88 billion U.S. dollars), the Ministry of Finance (MOF) announced Monday. Sales of welfare lottery tickets during the period jumped 32.1 percent year-on-year to reach 48...

Booming time for auto after-sales market (2)

Because automobiles need maintenance and replacement of tires one or two years after they are purchased, the large number of car owners in China will rely on the services of after-sales companies. "Only 100 people in every thousand in China own a car. It's a ratio much lower than ...

Softbank close to settling Alipay dispute

Softbank Corp is said to be close to an agreement with Alibaba Group Holding Ltd over the transfer of online payment unit Alipay. Softbank chairman Masayoshi Son said he expects to reach an agreement over the Alipay dispute soon, without elaborating, as he spoke at an energy ...

3G drives up phone contracts

The fast growth in China's third-generation (3G) cell phone network usage is driving up customer numbers at China Telecom Corp Ltd. It aims to achieve 200 million mobile subscribers by the end of 2014. Wang Xiaochu, the company's general manager, said China is preparing for an ...

Lenovo seeks to become the Apple of world's eye (3)

Mediocre phones Lenovo's latest effort to take on Apple was the launch of the PC tablet LePad in March in China. "LePad, closer to the heart of Chinese consumers" was the advertising slogan. Yang Yuanqing, chief executive officer of Lenovo, said he was confident LePad would have ...

Lenovo seeks to become the Apple of world's eye (2)

Trusted design For years, the company's line of high-profit margin PC laptops was based mainly on the trusted design it inherited from the purchase of IBM's PC business in 2005. In recent months, Lenovo has broken the mold with some creations that are widely considered to be ...

China's outsourcing sector faces challenges to catch up with India (3)

CULTURE AND LANGUAGE Another problem facing China's outsourcing companies is their lack of competitiveness in exploring the U.S. and European markets. While the United States and Europe make up about 80 percent of the world's outsourcing market, and Japan accounts for about 10 ...

China's outsourcing sector faces challenges to catch up with India (2)

OVERALL PLANNING TO CURB OVERCAPACITY As China is transforming its economy from being based on low wages to value-added products, many Chinese cities are considering whether to make the software sector their leading economic driving force, business leaders told Xinhua. Inspired ...

Fewer houses sold, but more money into property development in Beijing

House trading has remained largely tepid in Beijing since the nation's capital promulgated a series of purchase limit policies on Feb. 16 to help cap the soaring home prices. According to the municipal bureau of statistics, 4.52 million square meters of commercial houses were ...

Developers turn to mining amid housing tightening (2)

"For those developers with sufficient cash in hand, it is natural for them to enter the mining market for greater profits," he said. According to financial statements by housing companies, more than half of property developers enjoyed a profit margin of around 60 percent on their ...

Sinopec plans new refinery complex

A China Petroleum & Chemical Corp (Sinopec) refinery in Beijing. Sinopec operates 13 of the country's 20 mega-refineries with more than 10 million tons of refining capacity. [China Daily] China Petroleum & Chemical Corp, the country's biggest refiner by capacity, is planning to ...

Geothermal power will bring 70 bln yuan market potential to China

China's efforts to expand the use of clean energy will facilitate the rapid development of the geothermal power industry over the next five years, with a market scale of 70 billion yuan (about 10.8 billion U.S. dollars), experts have said. Geothermal energy will supply heating ...

Sinopec to invest 100 bln yuan in new refinery in east China

China Petroleum and Chemical Corp., Asia's largest oil refiner, also known as Sinopec, is planning to invest more than 100 billion yuan (15.43 billion U.S.dollars) for a new refining complex in China's east Jiangsu Province, reported Saturday's China Daily. The project, with an ...

New hydropower station begins operation in Tibet

A new hydropower station became operational Friday in southwest Tibet Autonomous Region, as a first step to build a clean energy base in the plateau region. The Laohuzui -- which translates into "tiger's mouth" -- hydropower station in Gongbo Gyamda County of Nyingchi Prefecture, ...

Gov't investment in cloud computing essential, says Microsoft

Every country is basically on the same level in terms of cloud computing, but government support is critical, said vice-president of Microsoft Greater China on Friday. Zeng Liang made the remarks at an ongoing annual software and outsourcing conference in China's northeastern ...

China's car maker BYD gets approval for IPO

BYD Co Ltd, the Chinese car maker backed by US billionaire investor Warren Buffett, said late Thursday that it had received formal approval from China's top securities regulator for an A-share listing on the Shenzhen market. The company, which already has shares listed in Hong ...
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Latest World News

china

Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...

world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...

finance

company

Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
A formation of nine Royal Air Force Red Arrows Hawk aircraft fly ...

trade

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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