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IPR efforts redoubled as US visit nears

Police raided six shops allegedly selling illegal discs in Nanjing, Jiangsu province. China has vowed to strengthen the fight against intellectual property right infringement. [China Daily] The Chinese government is "willing to actively increase" cooperation with the United ...

More than 4,000 arrested during copyright raids

More than 4,000 people have been arrested for violating intellectual property rights (IPR) since last October as tougher punishments will be enforced to combat the "rampant" problem, a senior government official said on Tuesday. Gao Feng, deputy director of the economic crimes ...

China's publishing to go global

China plans to export more than $1 billion worth of books, printed and digital, before the end of the 12th Five-Year Plan (2011-2015) period, officials have said. The draft of the 12th Five-Year Plan said that by the end of 2015 export revenue in the publishing industry will ...

BlueStar buys Elkem for nearly US$2b

Part of the plant of Norwegian company Elkem, which has a wide business base, including a specialization in components for solar panels, is seen in Kristiansand, some 300 kilometers south of Oslo, Norway. Orkla ASA, the owner of Elkem announced yesterday the sale of most of the ...

Baidu blog takes pulse of Chinese Web

A screenshot of Baidu's new English-language news blog, Baidu Beat. Top Chinese search engine Baidu Inc has opened an English-language news blog, Baidu Beat, to keep netizens updated on the hottest Chinese news topics on the Web. The blog, located at beat.baidu.com, was launched ...

Siemens unit vows to double market share

Siemens Enterprise Communications, a major provider of unified communications equipment systems, vows to double its market share in the next three years in China's market, which is rapidly growing yet sees increasingly intensifying competition, a top company official said Tuesday...

Michelin navigates its way into China's map market

French tire maker Michelin entered China's map market on Tuesday by launching the first in its World Destination Travel Map Series, a move to take a bigger slice of China's booming outbound travel market. China is the first Asian country where Michelin has introduced its map ...

Overseas telcos keen to deploy China's TD-LTE

A neon sign of China Mobile in Hong Kong. Some US operators including Sprint and Japan's Softbank Telecom plan to deploy TD-LTE networks, according to officials with China Mobile Communications Co, the parent company of China Mobile Ltd. Sha Yuejia, executive vice-president of ...

Friendless future for China's SNS innovators

Soon after Mark Zuckerberg was selected by Time magazine as Person of the Year 2010, he set off to China. Though the details of his China trip were kept highly confidential, Facebook certainly cannot afford to leave the Chinese market unattended. China counts as an exciting but ...

Internet firms ally to protect online game copyrights

Chinese Internet game firms announced on Saturday the founding here of an association for the protection of online game copyrights. Launched with guidance from China's General Administration of Press and Publication (GAPP), the China Online Game Copyright Protection Union seeks ...

Taobao all-nighter whips e-shoppers into buying frenzy

It was the moment of truth for Chinese e-shoppers on Dec 21, grabbing up discount items at China's largest e-commerce site Taobao.com since the site launched its shopping carnival with the biggest promotions of 2010. In contrast to the choruses of complaints about rising prices ...

ICBC sets tone as it takes over US bank

Industrial and Commercial Bank of China Ltd (ICBC) has agreed the first Chinese takeover of a US retail bank, boosting financial ties between the world's two largest economies as President Hu Jintao concluded a four-day visit to the nation. ICBC, the world's biggest lender by ...

Software center looks to increase its revenue

China's major software outsourcing base, the city of Dalian in the country's northeastern region, aims to increase revenue from its software industry by 30 percent in 2011. The plan comes amid the central government efforts to continue preferential policies for the software and ...

Spring Airlines readies listing

Spring Airlines Co Ltd, the nation's only budget carrier, has started preparations for going public in Shanghai, showing the capital market's recognition of the private carrier's business performance. In return, the funds raised in the A-share market will further strengthen the ...

BOC to increase aircraft assets

BOC Aviation, the aircraft-financing unit of Bank of China, said on Monday that it is looking to order more aircraft from manufacturers such as Airbus and Boeing this year, as the airline industry rebounds strongly from the global economic downturn. BOC Aviation Chief Executive ...

Foreign markets boost CNEEC

China Hongqiao to list in HK

China Hongqiao Group Ltd, the country's largest privately owned aluminum producer, is seeking as much as HK$17.2 billion ($2.2 billion) in a Hong Kong IPO on Feb 11 to help it double capacity by 2012. Hongqiao, which mainly produces molten aluminum alloys, is selling 1.74 billion ...

Kirin and CRE form venture

Kirin Holdings Co, Japan's second-largest brewer by volume, will form a venture with China Resources Enterprise Ltd (CRE) to expand in the world's fastest-growing major economy. Tokyo-based Kirin will invest $400 million in the venture, taking a 40 percent stake, while China ...

China Re reports 2010 income

China Re, Asia's largest reinsurance company, reported a combined premium income of 38.1 billion yuan ($5 billion) last year, the company said in an e-mailed statement. The insurer's combined assets also totaled 101.6 billion yuan, exceeding 100 billion yuan for the first time. ...

Sinopec net profits soar on oil price rises

But dependency on foreign oil sources could hurt 2011 earnings China Petrochemical Corp (Sinopec Group), Asia's largest oil refiner by capacity, is expected to report a more than 100 billion yuan ($15 billion) net profit in 2010, as surging oil prices pushed up its performance in ...
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