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Huawei's bid failure points to tougher trade strategy

[By Liu Rui/Global Times ] China's Huawei Technologies Co posted a public letter last Friday, inviting the US to investigate the firm, with the aim of winning compensation for the loss caused by its purchase of the US company 3Leaf being blocked. In fact, however, the plans of ...

Photos: iPad 2 unveiled in U.S.

Steve Jobs, Apple's chief executive officer, introduces the iPad 2 at an event in San Francisco, the United States, March 2, 2011. Apple Inc. on Wednesday unveiled the second generation of its iPad, in a move to stay ahead in the increasingly crowded tablet computer arena.[Xinhua...

Shanda net income declines in 4th quarter

Net profit at Shanda Interactive Entertainment dropped 58.3 percent year on year in the fourth quarter due to a lack of blockbuster game titles and slower industry growth, the company said Wednesday. In the fourth quarter, Shanda's net profit was 176 million yuan (US$26.7 million...

Sina acquires 19% stake in Mecox Lane

Sina Corp said it will acquire 19 percent of Nasdaq-listed online apparel vendor Mecox Lane for US$66 million as the Chinese web portal expands its business into the booming online shopping market. "E-commerce is growing very fast in China, and this investment is our first step ...

Huawei's enterprise business revenue to double

Huawei Technologies Co Ltd, the world's second-largest telecommunications equipment maker, said revenue from its global enterprise business reached $2 billion last year and is expected to double this year. In the Chinese market alone, the enterprise business revenue grew by 109 ...

China Telecom to build world's largest fiber optic network

China Telecom plans to triple the number of users for its fiber optic broadband service this year to reach 30 million. The company further aims to grow the user base to 100 million by the end of China's 12th Five-Year Plan (2011-2015). China Telecom plans to cover every city in ...

Will purchasing limits cool China's housing markets as expected? Property developers remain calm (2)

REAL ESTATE DEVELOPERS EASY ON PURCHASE RESTRICTIONS Real estate developers have remained calm while they wait to see further results. Prices of more than 90 percent of housing projects remained stable last month, said Zhang Dawei, an analyst with the Centaline Property in ...

Bank of China's cross-border yuan settlement tops 160 billion yuan

Bank of China's domestic branches handled more than 160 billion yuan worth of yuan-based cross-border trade settlements last year, which is more than 100 times the amount it handled the year before, a representative from the bank said. Chris Cheng, general manager for global ...

Macao's LPG consumption up 29.1% in Q4 of 2010

Macao's consumption of liquefied petroleum gas (LPG) increased by 29.1 percent quarter-on-quarter to 10,853 tonnes in the fourth quarter of last year, according to the figures released on Tuesday by Macao's Statistics and Census Service (DSEC). Imports of LPG increased by 38.5 ...

China Unicom launches WoPhone smartphone platform

In an attempt to compete with Google's Android, China Unicom introduced WoPhone, its first independently-developed smartphone operating system platform, on March 1. The ceremony was held in Beijing yesterday, and the first WoPhone is expected to hit the market within less than a ...

Sina weibo user number soars

China's largest Internet portal Sina Corp said it will not push for early profits from its Twitter-like service, Sina Weibo, with regard to long-term growth, even though its registered users exceeded 100 million by the end of February. The company's micro-blogging service has ...

Steve Jobs unveils iPad 2

Steve Jobs, Apple's chief executive officer, introduces the iPad 2 at an event in San Francisco, the United States, March 2, 2011. Apple Inc. on Wednesday unveiled the second generation of its iPad, in a move to stay ahead in the increasingly crowded tablet computer arena. ...

Shanghai's software revenue to rise 20%

Shanghai's software and IT service industry's revenue will hit 300 billion yuan (US$45.4 billion) this year, an annual 20 percent growth, thanks to growing sectors such as cloud computing, Shanghai Municipal Commission of Economy and Information Technology said yesterday. In 2010...

13 IT firms seen to list in 2011

Thirteen Shanghai-based software and IT service firms, which have applied to issue IPOs on the domestic market, are expected to be listed this year, the city's industry regulator said yesterday. Other local firms are seeking opportunities for overseas initial public offerings, ...

Online video sector stuck in the red

Both US-listed online video portals, the Beijing-based Youku.com and Ku6 Media Co, have reported a net loss in their 2010 fourth quarter financial reports released Tuesday. Analysts attributed the problem to the industry's high investment requirements in the initial stage of ...

Beijing to extend subway network by 110 kilometers

Eight subway lines, scheduled to open to traffic between 2013 and 2015, will link up all parts of Beijing, the capital of China, which has been plagued with high traffic for years. Yesterday Beijing launched the construction of eight new subways and released their scheduled ...

Bank of East Asia to set up 22nd Chinese mainland branch

Bank of East Asia (China) Limited (BEA China) will set up its 22nd branch on the Chinese mainland by June, the company said Tuesday. The new branch of the Hong Kong based bank will be established in Harbin, the capital city of northeast China's Heilongjiang Province which borders ...

Groupon's Chinese venture goes live

Groupon, the world's largest coupon website, launched a group-buying website in China called Gaopeng.com on Feb. 28, 2011. GaoPeng is a collaboration between Groupon and the local Tencent Collaboration Fund and Yunfeng Capital. Tencent launched QQ.com, which has instant-messenger ...

Groupon and Tencent

Daily-deals website Groupon went live yesterday, bringing its popular brand of Internet retail to the world's most populous nation. GaoPeng.com, funded by Groupon, the Tencent Collaboration Fund and Yunfeng Capital, will begin accepting e-mail registrations from local consumers.

China Unicom launches domestically developed

China Unicom officially launched its cell phone operating system called the "Wophone" Monday, which marks the first cell phone operating system developed in China, according to a press release from the company Monday. Cell phone producers including Motorola, HTC, TCL, Huawei and ...
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china

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Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
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Yao's gift of sport for all
Yao's gift of sport for all
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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
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