IN BRIEF (Page 2)

German firm fulfills $2b pledge in China

The German multinational software firm SAP has fulfilled its 2011 promise to invest $2 billion in China within five years, company CEO Bill McDermott told Chinese media recently. McDermott says he is confident about China's economic growth and adds that SAP will increase its investments in the Chinese markets in the long term. He also says he believes SAP can boost China's economic development with innovative technologies.

Chinese vessel rescues solo French sailor

A Chinese-operated cargo ship rescued a 72-year-old solo French sailor after his navigation equipment broke down in the Caribbean and left him drifting without food and water. The MV Winning Joy, an 87,417 metric ton bulk carrier operated by Qingdao Winning International Management Co, came to the rescue of Bernard Couvet, who had been adrift for 19 days. News of the rescue broke when the Winning Joy returned to Qingdao, Shandong province, on Jan 10.

Baidu warned over porn, libel

Baidu, China's top search engine, is facing punishment over forums containing pornography, libelous posts and advertising for unlicensed hospitals, officials said. The State Internet Information Office summoned Baidu executives for questioning on Jan 15 and ordered them to immediately remove all offending content. It also ordered Internet regulators in Beijing, where Baidu is headquartered, to punish the company.

Mainlanders among 62 richest in world

The wealthiest 62 people now own as much as half the world's population, according to a report by Oxfam. Among that 62 are five people from the Chinese mainland: Robin Li, founder of Baidu; Ma Huateng, also known as Pony Ma, chief of Tencent Holdings; Jack Ma, founder of e-commerce company Alibaba; Wang Jianlin, chairman of real estate and entertainment conglomerate Wanda Group; and Li Hejun, chairman of energy corporation Hanergy Group.

(China Daily European Weekly 01/22/2016 page2)