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Wang Licheng, CEO of Beijing-based women's B2C e-commerce site Lafaso.com, has disclosed that Lafaso's ad spend exceeded RMB 20 mln and revenue reached RMB 1 bln in 2011. Read More
China Mobile's (NYSE: CHL; 0941.HK) Hong Kong subsidiary has announced that it has won its bid for a Broadband Wireless Access License in Hong Kong, using the 2555-2570MHz and 2575-2960MHz spectrum, for a price of HKD 494.7 mln. Read More