Beijing to Give Car Industry a Boost
The Chinese government has decided to give a solid boost to the auto industry, with the view that revitalizing the auto industry will play an important role in the restoration of consumers' confidence. This year's automobile market is now expected to rebound
Change Sweeps Detroit Show as BYD Debuts Electric Car
Chinese carmaker Biyadi's electric car debut is challenging Detroit and Japan and has taken the lead among "environmentally friendly" cars. Li Zhuhang, BYD's general manager of export trade and in charge of overseas business, is enjoying being constantly swarmed by American reporte
Anti-Monopoly Suit Simmering against Baidu
The Ministry of Industry and Information Technology (MIIT) intends to strengthen the oversight of search engine Baidu as once again it has fallen into trouble. Clients are demanding an anti-monopoly investigation into its bidding system.
Huawei: Nortel Ethernet-No, Mobile Phones-Yes
Huawei's senior management has denied market gossip that it was planning to acquire Nortel's Municipal Ethernet (MEN) business, and added that the firm will introduce strategic investors into its mobile phone business instead of selling it
Botched Integration, and Lenovo Faces Reorganization
Four years after it acquired the PC business from leviathan IBM, Lenovo, China's largest PC producer, is being forced to reorganize its business and lay off 11% of its total employees. Aside from pressures from the global financial shake out, unsuccessful internal integration and an ambiguous market strategy are the main culprits
Huawei Sees Crisis as Opportunity to Expand
At about 12 midnight on January 2, Huawei employees who were still out holidaying received a joyful e-mail from Chairman Sun Yafang. "Our company maintained stable growth in 2008. Global sales reached $23.3 billion, up 46% year on year, and the percentage of income from the international market exceeded 75% of the total," he told his people.
Crackdown on Google, Baidu and Internet Portals Over Porn
China's largest portal websites and search engines, including Google, Baidu, Sina, Sohu, Netease, are being censured for providing or spreading vulgar or pornographic contents, and websites carrying such materials will be shut down during the spring festival.
Fosun Jumps into Sina's Focus Acquisition
In days after sina.com,China's biggest portal website, declared its intention to acquire key assets of Focus Media, China's biggest outdoor advertising company, Fosun International, China's biggest private group company, disclosed it had bought, by 5 transactions, a 16.78% stake into Focus Media and on the NASDAQ open mar
Sanlu Bankrupt, Former Chair May Face Death Sentence
The Chinese government is determined to eliminate the shadow of Sanlu, the lead player in the melamine contaminated milk power scandal that has rocked China and many of its trading partners for the past several months.
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