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Game shop owners playing for time

A woman holds a Kinect console at a shop in Gulou Dongdajie in downtown Beijing, a 1,098-meter street frequented by console game enthusiasts who travel there to buy the latest on-screen craze from the many specialist shops. The road that leads up to the tourist site of the Drum ...

Wii rocked by corp's Xbox factor

Takashi Sensui, general manager of Microsoft Corp's home and entertainment division, hands a Kinect for Xbox 360 to a customer at an electronics chain in Tokyo. Sales of the online gaming product have proved to be very successful in Asia. [China Daily] Sales of Microsoft Corp's ...

Beijing's auto market to shrink 60 bln yuan in 2011

Sales revenue of Beijing's auto market in 2011 might shrink by 60 billion yuan (about 9.1 billion U.S. dollars) due to the city limiting the number of cars purchased each month, a commerce official said Saturday. Car sales revenue will drop to 100 billion yuan in 2011 from last ...

Car sales drive to monthly high

Sales of domestic car makers raced to their highest monthly level in January despite the expiry of government incentives on purchases and the introduction of vehicle license quotas in Beijing to ease the city's chronic traffic problems. Ford Motor China yesterday said it sold a ...

Dongfeng Peugeot Citroen sales up in Jan

Dongfeng Peugeot Citroen Automobile Co Thursday said it set a new monthly sales record last month selling 41,927 cars. Sales at the joint venture between China's Dongfeng Motor Corp and French carmaker PSA Peugeot Citroen were above 40,000 units for a third consecutive month. The ...

Value-added output ofelectronic information sector grows 16.9 pct in 2010

The value-added output of China's large electronic information manufacturers grew 16.9 percent year on year in 2010, the Ministry of Industry and Information Technology (MIIT) said on Friday. The growth rate was 11.6 percentage points higher than the same period in 2009, the MIIT ...

Apple working on smaller, cheaper iPhone

Apple Inc is working on a smaller and less expensive version of the iPhone, Bloomberg reported on Thursday, citing sources. The Apple Inc. logo is seen in the lobby of New York City's flagship Apple store January 18, 2011. [Photo/Chinadaily.com.cn via Agencies] The prototype ...

Benefits found all in the genes

Though a genome test revealed disturbing news for Sergey Brin, co-founder of Google, he did not panic, and found a positive way to fight against it. Several evenings a week, after a day's work at Google's headquarters in Mountain View, California, Brin changes into swimming ...

Tax breaks boost software firms

Chinese software shares rose on Thursday on the government's latest policies to promote the software and integrated circuit (IC) industries. The State Council said in a statement issued on Wednesday that software companies will continue to enjoy preferential value-added tax ...

PetroChina announces 5.43 bln USD investment in Canadian gas project

PetroChina Co. Ltd., China's largest oil producer, announced Thursday that it has agreed to buy a 50-percent stake in a natural gas project with North American gas giant Encana Corporation for 5.4 billion Canadian dollars (5.43 billion U.S. dollars). The cooperation agreement ...

China's online business exceeds 1 trillion yuan in 2010

In the fourth quarter of 2010, the scale of Internet online payment market transactions reached 360.3 billion yuan, up 24% year on year. The transaction volume reached 1.09 trillion yuan in 2010, a year-on-year growth of 96 percent, data released by Analysys International on ...

Hangzhou property price runs highest in China

"Property price list of Chinese cities in 2010" released lately put Hangzhou city on top of the list with new home price of 25,840 yuan per square meter, the highest in China's history. Beijing ranks second with new home price of 22,310 yuan per square meter, followed by Shanghai ...

Preferential tax policies prop up software development

China has introduced new stimulus policies to promote the development of the software and integrated circuit industries. Software companies will continue to enjoy preferential value-added tax treatment, while new income tax exemptions will be offered to software and integrated ...

HP takes gamble with TouchPad

Hewlett-Packard Co unveiled its entrant in the tablet race, betting its "TouchPad" summer release will keep it in the running in a booming market dominated by Apple Inc's iPad and devices running Google Inc software. The 9.7-inch tablet running off Palm's well-regarded webOS ...

Online games industry facing demographic challenge

As the 90s generation begins to graduate from college and enter society, the decline in China's school-age population is casting a shadow on the country's online games industry. At the 2010 China Game Industry Annual Conference, industry giants Tencent, Netease and Shanda ...

Facebook's HK branch to boost presence

Facebook has opened a Hong Kong office as it looks to boost its presence in Asia. The move comes despite the fact that the social-networking giant is not active on the Chinese mainland, a potentially huge market. The sales office in Hong Kong follows on from the opening of an ...

NetEase.com to report 4Q and full year results

NetEase.com, Inc. (Nasdaq: NTES) announced today that it will report its financial results for the fourth quarter and full year 2010 on Wednesday, February 23, 2011, after the close of the U.S. markets. The earnings teleconference call with simultaneous webcast will take place at ...

Hunan Corun buys Panasonic's battery division

Hunan Corun New Energy Co Ltd said on Wednesday that it has agreed to purchase a division of Panasonic Corp that produces automotive nickel-hydride batteries for 502.4 million yen, or 40 million yuan ($6 million). The Hunan-based battery maker will buy the related nickel-metal...

Private sector slows

Growth of China's private sector continued to cool at the start of 2011, with business activity rising at the slowest rate in four months, HSBC said in a report released Wednesday. Manufacturing output rose robustly in January. However, this was offset by only a modest expansion ...

Facebook office in HK

Facebook Inc, which has been inaccessible in China since 2009, may start landing advertising from the nation's businesses, but industry watchers are split over the business outlook. As one of the world's most popular social-networking services (SNS), Facebook Wednesday opened an ...
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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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