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Amazon Tries To Save Cash By Halting Free Deliveries In China
February 6, 2012Amazon.cn, the Chinese branch of the American Internet retailer, has adjusted its delivery standards and will now charge a CNY5 delivery fee for any order under CNY29.
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Inspur International To Sell Chinese E-government Business
January 31, 2012Hong Kong-listed information technology and outsource software development company Inspur International has published a report, stating that it will sell its e-government business, Shandong Inspur E-Government Software Limited, to Shandong Inspur Software Company Limited for CNY23 million.
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China's Tencent To Acquire 49% Stake In Foreign Game Publisher
January 30, 2012Chinese Internet company Tencent Holdings Limited has announced that it will invest USD26.95 million to acquire 49% of the issued shares of Level Up.
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Shareholder Disputes Settled For Chinese Media Firm
January 30, 2012Chinese multi-platform media company SearchMedia Holdings Limited says it has reached settlement agreements for the arbitration between the company and certain of its predecessor shareholders.
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China Telecom Will Launch Mobile Services In UK
January 11, 2012China Telecom is reportedly inking a deal with Britain's Everything Everywhere to launch mobile services in the country.
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Pakistan Gains China Mobile Investment In Coming Years
January 4, 2012Chinese telecom operator China Mobile plans to invest USD1.5 billion in CMPak, its wholly-owned subsidiary in Pakistan, over the next four years.
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Huawei Will Invest USD150 Million In India In 2012
January 3, 2012Chinese telecom equipment maker Huawei has announced plans to invest up to USD150 million in India in 2012 to promote its business growth.
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Foreigners Can Now Invest In Xinhua News Agency's Video Offspring
December 12, 2011China Xinhua News Network Corporation, the Chinese state-owned television network owned by the Xinhua News Agency, announced that the restructuring and listing of the video assets of the Xinhua News Agency has been completed in Hong Kong, providing international capital market platform support to the development of the overseas television business of Xinhua News Agency.
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Internet Lifestyle Portal Spins From China's Search Engine Behemoth
December 6, 2011Youa.com, the lifestyle information platform owned by Chinese search engine Baidu, has gained joint investments from the venture capital organization IDG-Accel and Qiming Venture Partners, and it will now officially start independent operations.
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Changyou.com Acquires Chinese Gaming Information Portal
December 5, 2011Chinese online game developer and operator Changyou.com Limited and its majority shareholder Sohu.com Inc. have jointly announced that the two parties have entered into a definitive agreement under which Changyou.com will acquire 17173.com, a leading gaming information portal in China, from Sohu.com for USD162.5 million.
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China's Gome Gains More Net Profit, Cancels Real Estate Subsidiary Plans
December 1, 2011Chinese electronics and home appliances retailer Gome has published its unaudited performance results for first three quarters of 2011, stating that from January to September 2011, its total revenue increased by 18.01% year-over-year to CNY43.983 billion, while its net profit increased by 24.38% year-over-year to CNY1.791 billion.
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Shanghai's Lenian.cn Gains Investment To Boost Online Healthcare Sales
November 29, 2011Shanghai-based e-commerce company Lenian.cn has gained a CNY20 million infusion from an investment management company in Hangzhou, China.
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Digital China Reported HKD665 Net Profit In Interim Results
November 25, 2011Digital China Holdings Limited has published its unaudited interim results for the six months ended September 30, 2011, stating that its operating revenue increased by 23.87% year-on-year to HKD34.138 billion and its profit attributable to equity holders increased by 23.91% year-on-year to HKD665 million.
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Former Alibaba VP Joins Meituan.com As COO
November 23, 2011Chinese group buying website Meituan.com announced that Gan Jiawei, former vice president of Alibaba.com, will join the company as its new chief operating officer.
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China's Tencent To Invest CNY1 Billion In Search Engine Development
November 17, 2011Chinese Internet company Tencent has recently started a marketing campaign for its search engine product in Shanghai and this business promotion will be launched in nine cities in China, including Beijing, Shanghai, Guangzhou, Shenzhen, and Chengdu.
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