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Internet giants up in arms

Hundreds of millions of China's web users must decide whether they want to keep using the country's most popular chatting tool, or its top Internet security tool - because they can't have both. In the latest twist of a bitter battle between two of China's biggest dot.com names, ...

Hot messaging service shut down as fight escalates

China's Internet firm Tencent on Wednesday said it is shutting down its popular instant messaging service QQ on computers installed with anti-virus software run by the company's rival Qihoo 360, as a war between the two software giants escalated over the course of the past two ...

Europe: RWE,RAG target German slagheaps for integrated wind/hydro schemes

RAG and RWE have signed a letter of intent to co-develop integrated wind and pumped storage hydro energy projects at RAG's coal slagheap sites in North Rhine Westphalia, the two German energy companies said in a statement Tuesday. A pilot project is proposed at RAG's waste dump ...

CEO: 360 will not release IM software

Qihoo 360 will not release instant messaging software to compete with Tencent QQ, Zhou Hongyi, chairman and CEO of Qihoo 360, said on his micro blog Monday. "360 has no plan to set foot in the IM (instant messaging) business, and plagiarism is not the work style of 360," Zhou ...

Americas: Macondo oil dispersal update validates August report from US NOAA

A peer-reviewed report on the fate of the oil released during the BP Macondo oil spill in the Gulf of Mexico generally confirms the percentages initially announced by the US government in August, the government said November 23. But the updated report now indicates that chemical ...

Alibaba builds B2C platform to fend off rivals

Chinese e-commerce giant Alibaba Group Holding plans to invest 200 million yuan ($29.93 million) to build its Taobao Mall brand, a trade platform between businesses and consumers, as part of efforts to fend off competition from rivals such as Baidu and Dangdang.com. Taobao Mall ...

360 VS Tencent: unfair competition produces no winner

Shortly after the malicious battle in the dairy industry, the rivalry between Qihoo 360 and Tencent, two leading software makers in China, escalated after several companies published a joint statement accusing Qihoo of unfair play. In the statement, these industrial leaders ...

Europe: Tight arrivals, structure and demand quicken NWE jet price rise

Prices for jet fuel in Northwest Europe are rising steadily on a fall in the quantity of arrivals reaching the market, a healthy contango encouraging holding stock in land tanks and greater demand from airlines, traders said Wednesday. Jet CIF NWE paper indications have ...

China: Sinopec Maoming Petchem to keep daily crude throughput stable at 35,000mt in Dec

Sinopec Maoming Petrochemical plans to refine 1.08-mil mt of crude in December, with daily throughput unchanged at 35,000mt on month, a refinery source told . The refinery resumed normal operations of a 2.5-mil-mt/yr crude distillate unit, a 1-mil-mt/yr fluid catalytic cracker ...

China: S. China commercial fuel oil inventory hits historic-high 1.69-mil mt on slowdown of re-exports

Commercial fuel oil inventories of major oil terminals in South China added up to 1.68-1.7-mil mt up till Nov 24, hitting the highest level in history, a survey found. The volume inched up 20,000mt from one week ago, 140,000mt higher than the same period last year, occupying 67% ...

ZTE's Q3 data below forecasts

ZTE Corp, China's biggest public telecommunications equipment maker, yesterday posted third quarter results that were below analysts' estimates because telcos trimmed spending on networks while it faced political hurdles in India and Europe. ZTE's net profit rose an annual 18 ...

SG Automotive, CSR sign agreement to develop new energy vehicles

Liaoning SG Automotive Group (SG), China's largest bus manufacturer, signed an agreement with CSR Zhuzhou Institute Co. Thursday to jointly develop new energy vehicles. The move was the latest instance of a "combination of giants" and is part of China's efforts to boost the ...

China's IOT market to top 200 bln yuan this year

The market size of China's Internet of Things (IOT) industry is expected to top 200 billion yuan (about 30 billion U.S. dollars) in value this year, a report said Thursday. The market size of the sector is further forecast to top 750 billion yuan by 2015, said an IOT report ...

State Grid to invest 500 bln yuan in China's UHV transmission system

State Grid Corporation of China (SGCC) said Thursday it will invest 500 billion yuan (75.4 billion U.S. dollars) over the coming 5 years to extend its ultra-high voltage (UHV) electricity transmission system. The length of the UHV electricity transmission network will reach 40...

Rare earth industry may face tougher ecological standards

New national standards for pollutants discharged by the rare earth industry are pending the approval of the Standardization Administration of China and are expected to be released this year, according to today's Oriental Morning Post, which quoted an expert who helped draft the ...

BYD sales fall short of 2010 target

Chinese automaker BYD Co. missed its 2010 sales goal by more than 80,000 cars, despite slashing the target by a quarter in August. The automaker, backed by U.S. investment mogul Warren Buffett, sold 519,806 cars last year, 16 percent more than a year earlier, BYD said in a ...

China to invest 700 bln yuan in railways in 2011

China plans to invest 700 billion yuan in the construction of railways this year. That could take the total length of high-speed railways to 13,000 kilometres by the end of 2011. China's Railways Minister Liu Zhi-jun says high speed rail linking Beijing and Shanghai, will be put ...

Microsoft to land branch office in Jinan

Microsoft (China) Co.,Ltd. signed a memorandum of understanding (MOU) with the Jinan municipal government Monday, projecting to build a branch office in the capital of Shandong Province, according to a newsletter released by the government Tuesday. Microsoft will cooperate with ...

New FedEx route

US-based FedEx Wednesday announced a new delivery route from Guangzhou in China to New Delhi and Mumbai in India. The new route will enable direct connections from the Asia Pacific hub of FedEx in Guangzhou and the two major cities in India offering additional outbound capacity.

Shanghai to invest in cloud computing

Shanghai plans to invest 200 million yuan (US$29.85 million) within five years on cloud computing, including opening a new industrial base yesterday, to develop the new Internet-based sharing technology and applications. The local government's investment in cloud computing, part ...

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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