Searching for "China Business News"
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Chinese internet company Baidu (Nasdaq: BIDU) has neared completion of a deal to acquire Shanghai-based P2P video service provider PPS (PPStream) for between USD 350-400 mln, according to China Business News and Tencent Tech, quoting sources close to the matter. Read More
China Business News reported recently that value added tax (VAT) reform trials for China's telecom industry could start as soon as July 1. Read More
An industry source told China Business News on March 11 that Zhu Jun, chairman and CEO of Shanghai-based online game developer and operator The9 (Nasdaq: NCTY), is currently meeting overseas with representatives of investment banks and private funds in order to secure large-scale funding support. Read More
On March 8, former Ministry of Industry and Information Technology (MIIT) minister Li Yizhong said in an interview with China Business News that the government had internally settled on a timetable for private-sector investment in telecommunications infrastructure, and that MIIT was currently drafting the details of the plan. Read More
China Unicom's (NYSE: CHU; 0762.HK; 600050.SH) local branches reportedly launched their own terminal subsidy policies for brand WCDMA handsets. Read More
Chinese B2B e-commerce firm DHGate has begun massive layoffs due to lack of funds, according to a former employee, including 60% of its B2B platform department, and 50% of its technology and marketing personnel. Read More
A source within China Unicom (NYSE: CHU; 0762.HK; 600050.SH) told China Business News yesterday that the operator sent an order in mid-July to all regional subsidiaries to clear stocks of non-Wi-Fi-enabled iPhones by the end of the month, in order to ensure a smooth launch for the iPhone 4. Read More
Israeli-based mobile DTV chipmaker Siano Mobile Silicon has responded to reports that it has been sued for patent violation by Beijing-based competitor Innofidei, stating that Siano's lawyers have received no notification of a lawsuit, and that Innofidei is using anti-competitive tactics through false accusations. Read More
The China Broadcasting Corporation (CBC), operator of China's CMMB mobile TV services, has jointly announced the commercial launch of mobile TV service on 3G phones in Shanghai, along with partners Shanghai Mobile and Shanghai Oriental Pearl (600832.SH). Read More
China Telecom (NYSE: CHA; 0728.HK) has announced that it now has 4.81 mln 3G subscribers. Read More