Microsoft has won its first major court battle against the use of unlicensed software by Chinese corporations – but the company it vanquished plans to fight back.
The amount of damages that the Shanghai court awarded Redmond may be small – 2.17m yuan, or $318,000 – but the precedent is large.
“This is the first case in [...]
On show in Beijing was An extra-long Rolls Royce alongside the fastest ever Ferrari road car made
The cars made their debut in Beijing as luxury car makers attempt to attract the attention of Chinas new super-rich consumers in the world’s biggest market.
Rolls Royce sold two models holding a price tag of nine million RMB (1.3 [...]
Google hinted it would build a Chinese social network through acquisitions and alliances; today it confirmed to Reuters it has already acquired a stake in Tianya Club, one of China’s largest online forums.
Google wouldn’t disclose the size of the stake to when asked. The deal appears linked to Wenda, a new Q&A community site that [...]
Tencent Holdings China’s most valuable internet firm, is to invest $300 million in Russia’s Digital Sky Technologies giving the Chinese firm exposure to social networking giant Facebook.
The deal will give China’s Tencent a 10.26 percent economic interest in DST, which paid around $300 million for a 3.5 percent stake in U.S. internet darling Facebook last year.
“DST and [...]
BEIJING: Facebook, the world’s largest social networking website, is aiming to enter the Chinese market and has hired a domestic head-hunting company to recruit business managers for the country, a media report has said.
Facebook wants to hire a general manager based in Beijing to oversee its operations in China, Global Times reported Friday.
The headquarters of [...]
TAIPEI : Taiwanese banks are in a race to become the first among their peers to have operations in China.
Six lenders have filed applications to set up branches on the Chinese mainland.
This follows a package of agreements signed between China and Taiwan last year, aimed at further liberalising trade and investments.
Taiwanese banks and financial institutions [...]
China National Petroleum Corp (PetroChina) announced on April 19 that the company has signed a long-term credit-for-oil deal and agreements with Venezuela to develop the Junin 4 oil block there in the capital Caracas, on April 17 local time.
PetroChina and China Development Bank, along with Venezuela Social Development Bank, state-owned Petroleos de Venezuela, Venezuelan Ministry [...]
Chinese home appliance retailing leader Suning Appliance Co., Ltd. (SZSE: 002024) starts building a logistics base in Chongqing, an emerging electronics manufacturing center in west China where there have been a list of electronics names such as Hewlett-Packard Development Company (NYSE: HPQ | Quote | Chart | News | PowerRating), Foxconn Industrial Group, Quanta Computer [...]
China’s government has approved a plan by the municipality of Chongqing to levy a property consumption tax on luxury real estate
The tax would be targeted at individuals who bought multiple investment properties, many of which have been unoccupied as owners have not been motivated to lease, Owners luxury units will also be hit with the new [...]
Tesco has plans to develop further retail and leisure space in China within the next five years, More than it now operates in the United Kingdom.
Tesco’s Being one of the worlds biggest retailer by sales volume is planning to open 80 shopping centres across China by 2016, Which means that Tesco will expand more in China [...]
