industry

CBS has gained ownership of more than 20 Chinese Internet companies after it acquired CNET in 2008 for $1.8 billion, through its subsidiary CBS Interactive. CBS Corporation, the media giant who owns the most-watched US broadcasting network, has found a right way to realize its ...
This photo taken on Thursday, January 27, 2011 shows digital cameras in an electronics and appliance store in Beijing. China on Thursday halved the import tax on electronic products, including computers and digital cameras.[Xinhua] China Thursday halved the import tax on ...
In the 4G era, China Mobile's users will also be able to use Apple's next generation iPhone, which will support the 4G TD-LTE technology, without changing numbers. China will commercialize 4G technology in 2012, which provides mobile users a 50 times higher mobile download speed ...
Lenovo laptops at an exhibition in Beijing. Lenovo said it will have a 51 percent stake in a new PC production venture with NEC. [China Daily] The Chinese computer maker Lenovo Group said on Thursday that it will invest $175 million to form a venture with NEC Corp, as part of its ...
This latest round of recall marks the second-largest auto recall in Japan's history, affecting nearly 1.3 million vehicles. Toyota recalled nearly 1.7 million cars worldwide Wednesday for fuel leaks, the latest in a ballooning number of quality problems that could add another ...
For Beijing residents, owning a car is no longer merely a matter of having enough money. As authorities implement a lottery to allocate license plates, it is now more a matter of luck. A lottery number is displayed on Wednesday during a complex process to determine monthly car ...
A pilot art market opened Wednesday in north China's Tianjin Municipality to allow small investors to buy shares in the ownership of art works previously traded only in auction houses by the super rich. Investors - both individuals and institutes - can trade shares in art work ...
Huawei Technologies Co won a temporary court order barring Motorola from disclosing any confidential Huawei information to rival Nokia Siemens Networks. Huawei sued Monday to block a proposed Motorola business unit sale to Nokia Siemens Networks, demanding that the $1.2 billion ...
A 45-year-old housewife surnamed Sun, who was shopping at the same store Wednesday, said it was frustrating when she realized she had been overcharged a number of times there. "Every time I questioned the price and was told that there's something wrong with the tags, I have to ...
Home Depot Inc shuttered its last big-box store in Beijing Wednesday after the US home improvement retailer reported lower than expected earnings in the nation's capital. The closure, the fifth outlet to go belly up in less than three years, was made public last Friday. It has ...
Apple Inc supports China Mobile's next generation TD-LTE technology and talks over an iPhone tie-up are ongoing, a company official said. China Mobile has been negotiating for years with Apple to develop an iPhone that runs on TD-SCDMA, the home-grown standard it is using for its ...
China's largest PC manufacturer Lenovo will today take a major step into the Japanese market through a joint venture with Japan's NEC Co, according to the Nikkei Business Daily. The joint venture will be based on Tokyo-based NEC Personal Products - a wholly owned subsidiary of ...
Following Carrefour's move, Wal-Mart also raised the slotting allowances and other types of fees charged at products' suppliers, according to the China Business News Tuesday. Besides, the retail giant at the same time, increased the percentage of point deduction, which ranges ...
Glencore International AG, the world's largest commodities trader, plans to raise about $2 billion to $2.5 billion in Hong Kong as part of a $10 billion initial public offering in the Chinese city and London, according to two people familiar with the matter. Glencore plans to ...
Walt Disney Co said on Tuesday that it will open its first direct-sale store in China by mid-2012. The move would see the US-based company making another stride into the Chinese market after construction of its Shanghai Disney theme park project started in November, following a ...
Pegatron Corp plans to increase its investments in the Chinese mainland by $104 million, according to the company's statements to the Taiwan Stock Exchange on Wednesday. The company will invest additional $45 million in Ri-Teng Computer (Shanghai) Ltd, $10 million in Ri-Min ...
Some Carrefour and Wal-Mart stores in China will be fined up to 500,000 yuan (75,987 U.S. dollars) for cheating customers, the National Development and Reform Commission (NDRC), China's economic planner and price regulator, said Wednesday. The Carrefour Xinmin store in Changchun ...
China Mobile Ltd Chairman Wang Jianzhou said he met with Facebook Inc founder Mark Zuckerberg to discuss "the possibility of cooperation" in China. Wang made the comment on Wednesday in an interview after speaking on a panel at the World Economic Forum in Davos, Switzerland. No ...
Tianjin has been selected for development into a world-class petrochemical industry base and national crude-oil reserve hub within 10 years, with an annual 40 million ton refining capacity and 2.5 million tons of ethylene production, and a 30 million cubic meter (cu m) crude oil ...
The Chinese government Wednesday raised the minimum down payment requirement for the purchase of second home to 60 percent of the property's value from 50 percent, to curb property market speculation. The decision was announced in a statement released after an executive meeting ...
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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 ...
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 ...
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 ...
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 ...