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E-commerce platform operators urged to establish 'cooling-off' system

The Ministry of Commerce (MOFCOM) officially released the "Regulations on Third-Party E-commerce Transaction Platform Services" on April 12, offering a guideline for the conduct and related procedure management of e-commerce third parties while encouraging the e-commerce industry ...

ASUS establishes computer base in Chongqing

The ASUSTeK Computer Incorporated Company (ASUS) officially signed a contract with the Chongqing Municipal Government on April 12 to establish the ASUS Global Computer Production Base, also known as the ASUS Second Operation Headquarters in China, in the High-tech Industrial ...

Longyuan and Gamesa join hands to explore int'l wind market

China's largest wind farm developer Longyuan Electric Power Group and Gamesa, a global leader in wind turbine manufacturing from Spain, have agreed to jointly develop wind projects in international markets. The agreement, which was signed Wednesday in Beijing, was the first ...

China's national industry federation urges private companies not to raise prices

The All-China Federation of Industry & Commerce on Wednesday appealed to private companies not to raise prices amid the country's rising pressure from inflation. The call went out in a proposal letter issued on Wednesday by 24 of the 28 industry groups under the federation, ...

China's passenger, cargo traffic grew fast in Q1: MOT

China's Ministry of Transport said Thursday in a statement on its website that both passenger and cargo traffic saw fast growth in the first quarter. During the first three months, passenger traffic on the country's roads increased 7.8 percent to 8.11 billion persons from a year ...

EU's rules on traditional treatments to cost millions

Traditional Chinese Medicine (TCM) herbal treatments will be outlawed in European Union (EU) countries starting in May in a move that is likely to cost the industry $500 million a year and put about 100,000 practitioners out of work. Under the EU legislation, named the Traditiona...

Tencent's new fund eyes TV and films

Tencent Inc yesterday said it will establish a fund of 500 million yuan (US$75.7 million) to invest in the film and TV sectors as the dot-com firm embarks on its first expansion beyond the Internet industry. Shenzhen-based Tencent is seeking media partners for investment and ...

White Apple iPhones to be in shops soon

Suppliers to Apple Inc have begun production of white iPhones after a delay of almost 10 months, pointing to a launch date of within a month, two people familiar with the situation said Thursday. Hon Hai Precision Industry Co, flagship of Taiwan's Foxconn Technology Group, would ...

Google, Bing gains, Yahoo slips, in US search market

Google and Bing gained ground in the U.S. Internet search market in March, while Yahoo saw its shares fall, according to figures released Wednesday by industry tracker comScore. Monthly figures from the industry researcher show that Google's search market share was 65.7 percent, ...

Alibaba books in for e-reading

The Chinese e-commerce giant Alibaba Group plans to expand in the e-reading market and may even launch its own e-readers eventually, according to the company. Alibaba will soon offer e-reading software that will run on Apple Inc's iPhones, said TaoRan, senior director of public ...

China's Huawei, Motorola settle legal dispute over technology, secrets

China's Huawei Technologies Co., Ltd. and Motorola Solutions Inc. have agreed to settle a legal dispute over technology secrets, paving the way for Motorola to complete the sale of its unit to Nokia Siemens Networks (NSN). Huawei and Motorola Solutions will drop suits against ...

Chinese enterprises become main force in world's IPO market

Chinese enterprises have already become a main source of initial public offerings (IPOs) in the worldwide market, with the number of Chinese enterprises' IPOs and the amount of financing both exceeding 50 percent of the world's total over the last two years, according to IPO ...

China Unicom offers no-contract iPhone 4

China Unicom launched another promotion campaign for iPhone 4 starting April 14, the Guangzhou Daily reported Wednesday. The country's second-largest mobile carrier renewed its phone charge packages for contracted iPhone 4s. But consumers can now also buy an iPhone 4 without ...

China's vegetable, egg prices drop significantly: ministry

Increasing supplies have significantly cooled prices of vegetables and eggs in the Chinese market, a report from the Ministry of Commerce (MOC) showed Wednesday. In the week ending April 10, egg prices in China had fallen 0.2 percent from the previous week, registering a 6.1 ...

Gamesa signs memoranda with three Chinese power companies

Gamesa, a leading wind turbine maker from Spain, signed memoranda of understanding for 900MW wind turbines with three Chinese companies Wednesday in Beijing. The MOUs with Longyuan, China Resources Power and Datang may culminate in firm contracts to supply 900MW in turbine ...

China, Spain sign 8 deals worth 1 billion euros

Visiting Spanish Prime Minister Jose Luis Rodriguez Zapatero said Wednesday that Spanish and Chinese enterprises had signed eight deals worth 1 billion euros (1.44 billion U.S. dollars). Agreements were reached on cooperation in sectors such as finance, wind energy, helicopter ...

Private enterprise establishes first 'Intellectual Property Bank'

The Zhongtian Technology Company recently established its "Intellectual Property Bank," the first of its kind in China's private manufacturing industry. According to sources, in addition to enjoying the corresponding rewards, intellectual property created by employees in ...

Zhongjin Gold Q1 profits likely to rise more than 50 pct

Zhongjin Gold Corp., China's second-largest bullion producer by market value, said on Wednesday that its profits are likely to rise by more than 50 percent in the first quarter of this year. Soaring gold prices and better business management helped boost its profits, the company ...

Baidu denies cooperation agreement with Facebook

Baidu has denied reports citing so-called "internal sources" saying that Baidu will sign an agreement with Facebook to build a new website enabling the Internet giant to enter Chinese market, according to Sohu IT. Internal sources allegedly revealed on April 11 that Facebook has ...

Chinese tourists to spend 55 billion U.S. dollars overseas this year

An increasing number of Chinese tourists are expected to travel overseas and spend a record 55 billion U.S. dollars this year, boosted by an appreciating Chinese currency, the China Tourism Academy (CTA) said here on Tuesday. In its 2011 report on China's overseas tourism, the ...
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