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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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Huawei To Acquire 49% Stake In Security JV With Symantec
November 16, 2011Chinese telecom equipment maker Huawei Technologies Company Limited has announced that the company will acquire a 49% stake in Huawei Symantec Technologies Company Limited, a joint venture established by Huawei and Symantec, for USD530 million.
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Ufida Forms Software Joint Venture With Atos In China
November 11, 2011Chinese software provider Ufida has created a joint venture with Atos, the European information technology service company.
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China's Letv.com, Tudou.com Set Up Internet Video JV
October 25, 2011Chinese Internet video website Tudou.com has announced that it has created a joint venture with another Internet video website, Letv.com, in Shanghai.
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Lenovo, Compal To Invest USD300 Million For New JV In Hefei
October 5, 2011Chinese mainland PC maker Lenovo Group and Taiwanese laptop OEM Compal have signed an agreement to set up a joint venture for computer manufacturing in Hefei, capital of Anhui province.
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Microsoft Teams With Chinese Linux Provider For Cloud Computing Services
August 25, 2011Microsoft China has signed a cooperation agreement with China Standard Software Company Ltd, a Chinese Linux operating system provider, for the two parties to jointly develop, promote, and sell cloud computing solutions.
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China's Haier To Acquire Sanyo's White Goods Business
August 2, 2011According to reports in Japanese local media, Haier Group will acquire Sanyo's white goods business from Panasonic.
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Baidu's Digital Music Deal Ends Legal Bout In China
July 19, 2011Chinese search engine Baidu Inc. signed a digital music distribution deal in China with a company backed by Universal Music, Warner Music, and Sony Music.
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Baidu, NTT DoCoMo Create JV In Japan
July 11, 2011Chinese Internet search engine company Baidu Inc. and Japanese communications giant NTT DoCoMo have established a joint venture in Japan.
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Automotive Multimedia Company Forged In Changchun
June 24, 2011Mitsubishi Electric Corporation has signed a deal with China's QiMing Information Technology Company Ltd. to establish a joint-venture company to develop, manufacture and sell car multimedia products in China.
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Japanese Tech Companies Launch Recycling JV In China
June 15, 2011Panasonic will cooperate with Hangzhou Dadi Environmental Protection Engineering Company Ltd., Dowa Holdings Company Ltd., and Sumitomo Corporation to form a jointly-held company, Panasonic Dadi Dowa Summit Recycling Hangzhou Company Ltd., in China.
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Samsung Plans New Panel JV In Suzhou
April 27, 2011Samsung Electronics, the world's largest LCD panel manufacturer by revenue, has announced that it will invest about USD500 million to build a new joint venture in Suzhou for the production of 7.5-generation panels.
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Sony Recalls 7,000 LCD TVs Made In Shanghai
April 14, 2011Due to a sub-standard insulation function, Shanghai Suoguang Visual Products Company Ltd, Sony's joint venture in China, has recently submitted a report to the General Administration of Quality Supervision, Inspection and Quarantine of China to recall 7,038 Sony-branded LCD TVs made between December 2010 and March 2011 in Shanghai.
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Chinese Phone Dealer Forges Deal With Opera Browser
March 16, 2011Norwegian mobile Internet browser provider Opera Software ASA has announced plans to set up a joint venture with the Chinese mobile phone dealer Telling Telecom Development Company, aiming to develop a customized mobile browser platform for the Chinese market.
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Lenovo, NEC Create PC JV
February 9, 2011Chinese PC maker Lenovo has announced that it has reached an agreement with the Japanese electronics maker NEC and the two parties will jointly establish a PC joint venture, in which Lenovo will own a 51% stake and NEC will own the remaining 49%.
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