WSJ.com General Motors Co. announced plans Friday to cede control of its key Chinese joint venture to partner SAIC Motor Corp. alongside a push by the partners into India and other emerging markets. SAIC’s stake in Shanghai General Motors Corp. … Continue reading
WSJ – China Real Time Report Games are serious business in China. The country’s online game market will reach 41 billion yuan by 2010 ($6 billion), accounting for half the global market, according to newly released data from Cnzz.com Inc., … Continue reading
ChinaTechNews: Chinese online game and instant messaging company Tencent has published its unaudited financial report for the third quarter of 2009. According to the report, Tencent’s revenue during the third quarter was CNY3.369 billion, a yea
(From China Tech News) According to Telefonica, the leading telecommunications operator in the Spanish- and Portuguese-speaking world, the company has completed its stock swap with the Chinese telecom operator China Unicom. Under the agreement
General Motors said on Friday that its China vehicle sales in the first nine months of this year jumped 55.6 percent from a year earlier, boosted by Beijing’s stimulus policies and boding well for record sales for the full year. … Continue reading
An investment arm of Goldman Sachs (GS.N) is in talks with Chinese car maker Geely Automotive (0175.HK), which has been linked with both Volvo and Opel, to buy about $250 million of the company’s convertible bonds and warrants, two sources … Continue reading
Anglo-Dutch consumer-products giant Unilever was one of the first multinationals to enter China, nearly a quarter-century ago. But even today, top executives said Tuesday, the market remains too big and untapped to regard profitability as the main me
SHANGHAI — Three days after announcing that he was resigning as the head of Google’s Chinese operations, Kai-Fu Lee said on Monday that he had raised $115 million to create a company that would finance high-tech start-ups in China. The … Continue reading
Telegraph.co.uk Doing business in China is getting harder, not easier, according to European businesses, as they laid out almost 600 pages of complaints in a new report. The report, from the European Union Chamber of Commerce in China, covers the … Continue reading
JLM Pacific Epoch Sina (Nasdaq:SINA) is developing a micro-blogging service at t.sina.com.cn and has started internal testing, Sohu reported August 19. Testing will be for around 500 users, the majority of whom will be Sina employees, the report s
