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ZTE unveils new smartphone, tablets

A leader of Chinese telecommunication equipment provider ZTE says making smartphones more available to a wider audience has been key to his company's sharply increased sales. He Shiyou, ZTE's executive vice president, told reporters Monday that his company had "successfully ...

B2C sector leads way in Internet investments

E-commerce replaced online games as the most popular branch for investments in the Chinese Internet market last year, thanks to the booming business to consumer sector, a Beijing-based research firm said Monday. E-commerce accounted for 46 percent of 137 Internet related ...

Workers suffer for Apple's success

The iPhone may be one of the world's most successful consumer items, but its production has involved poor working conditions, serious damage to health and even death for the Chinese workers who make it. The number of violations by Apple's suppliers, who help it make the iPhone ...

SMG in talks to air in Hong Kong

A booth of Shanghai Media Group (SMG) at a recent TV program fair held in Shanghai. SMG, China's second-biggest media company by revenue, is negotiating with two Hong Kong pay-TV service providers about cooperation. [China Daily] Shanghai Media Group (SMG) is in talks with cable ...

Alibaba pays $26m for 25 percent of Sinosoft

Alibaba.com promotes its brand at an Internet exhibition in Beijing. China's top e-commerce operator has been attempting to transform itself into a platform on which all processes of a business transaction can be made.[China Daily] China's top e-commerce operator, Alibaba.com Ltd...

SAIC 'considers listing all assets', sources suggest

Shanghai Automotive Industry Corp (SAIC), the parent of China's largest domestic automaker, may list all of its operating assets and is studying several options to do so, said two people familiar with the company's plans. SAIC Motor Corp and Huayu Automotive Systems Co, the two ...

Car plates a prize asset as new rules take effect

Demand for second-hand Shanghai car plates is soaring since the supply of new ones was reduced and restrictions tightened on plates from outside the city. The price of a second-hand Shanghai car plate price has increased 10 percent since before the Spring Festival - up to 44,000 ...

Passenger vehicle sales continue to rise

Passenger vehicle sales in China continued to surge in January, registering a 15 percent increase over the same month last year. The increase came despite central government putting an end to tax incentives for buyers of small cars and subsidies for trade-ins, and launching a ...

Sinopec's diesel stock surges 93% to record

SINOPEC Corp said its diesel inventory surged 93 percent from late last year - when a shortage hit China - to a record high as Asia's top refiner boosted crude processing to help fight a drought besetting the country. Crude throughput in January rose 7.2 percent from a year ...

Alibaba gets 25%

ALIBABA Group is said to have spent 170 million yuan (US$25.7 million) for 25 percent of software provider Sinosoft Technology Plc. The deal was made during the Spring Festival holiday and the payment was made through Alibaba's investment arm, Hong Kong media reported yesterday, ...

Wal-Mart weighs on Dow; Stocks close mixed

WAL-MART Stores Inc. pulled down the Dow Jones industrial average yesterday after analysts at JPMorgan lowered their outlook for the company. The Standard & Poor's 500 index and the Nasdaq closed slightly higher. JPMorgan's analysts say the world's largest retailer risks losing ...

Bribery charge

A senior executive of the China Galaxy Securities Co was charged with bribery of 11 million yuan (US$1.66 million), which was heard by a court in Beijing yesterday. Wang Changlin, former managing director of the investment division of the broker, was charged with accepting bribes ...

Insurer premiums up

TAIKANG Life Insurance has said its premiums rose 29 percent to 87 billion yuan (US$13 billion) in 2010. The Beijing-based insurer expected its 2010 after-tax profit to climb to 2.1 billion yuan. Its solvency ratio rose to 170 percent. Source:Shanghai Daily

B2C sector leads way in Internet investments

E-COMMERCE replaced online games as the most popular branch for investments in the Chinese Internet market last year, thanks to the booming business to consumer sector, a Beijing-based research firm said yesterday. E-commerce accounted for 46 percent of 137 Internet related ...

Auto sales rise 15.3% but slump is expected

PASSENGER car sales in China totaled 1.4 million units in January, up 15.3 percent from a year earlier, according to the China Passenger Car Association yesterday. However, passenger car sales, including automobiles, multi-purpose vehicles, sport-utility vehicles and minivans, ...

Buyers snap up cheap high-end apartments

TWENTY apartments at a development within the Inner Ring Road in Shanghai's Changning District attracted a crowd over the past weekend when the owner, a Hong Kong-based investment company, said it would sell the units to individual buyers. More than 400 people rushed to the ...

Boeing eyes latest 747-8 to boost sales

BOEING Co rolled out a new jumbo jet on Sunday, hoping to relive the glamour of the birth of the 747 over 40 years ago and use it to boost slow sales. The 747-8 Intercontinental will seat 467 passengers, 51 more than the current version of the 747, and burn less fuel while ...

New home sales in city tumble

NEW home sales plunged in Shanghai in the first 13 days of this month due to the combined effect of the government's successive measures to curb speculation in the property market and the week-long Spring Festival holiday. Sales of 38,000 square meters of new homes, excluding ...

Self-developed turbine

Sinovel Wind Group Co, China's largest wind power generator manufacturer, announced Monday it would finish production of the country's first independently-developed 6-megawatt wind turbine in June. The turbine would put Sinovel on a par with Germany's Enercon and Denmark's Vestas ...

Review of solar policy

The government will spend at least a year studying Europe's system of paying above-market prices for solar power before deciding if there's a better way to spur on construction of clean-energy plants across China, Wu Dacheng, vice chairman of the Solar Photovoltaic Committee of ...
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