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Sina to monetize Weibo Web service

2011-08-19 09:14:32

China's biggest Internet portal, Sina Corp, expects to monetize its most popular micro-blogging service, Sina Weibo, in the first half of next year, said a top official on Thursday.

Lenovo posts record $5.9b sales revenue

2011-08-19 09:05:35

The technology giant Lenovo Group, the third-largest PC maker by market share, on Thursday reported quarterly sales revenue of $5.9 billion for April through June and pre-tax net profit of $123 million.

China fines three banks for charging too much

2011-08-18 16:18:21

China's price watchdog has fined Industrial Bank, Citic Bank and the Postal Saving Bank of China for charging clients excessive fees, Reuters reported, citing the National Development and Reform Commission (NDRC).

Fishermen to sue oil company after spill

2011-08-18 16:16:41

Fishermen in north China's Hebei province are preparing to sue a US-based oil company, as they believe recent oil spills in a nearby bay are to blame for the deaths of large numbers of scallops.

Coca-Cola to invest $4b in China in 3 years

2011-08-18 16:11:49

Coca-Cola, the world's top soft drink producer, will pour in another $4 billion in China from 2012 to 2014, announced its chairman and CEO Muhtar Kent Thursday in Shanghai.

Frauds plague dating site Jiayuan

2011-08-18 15:58:18

Jiayuan.com, China's biggest dating website, has been accused by the media and users of lax management of members and allowing the proclaimed "serious match website" to become a shelter for frauds and prostitution.

China Mobile says H1 net up 6.3%

2011-08-18 14:27:43

China Mobile Ltd, the world's largest mobile operator by subscribers, posted a 6.3 percent rise in profit for the first half of the year, logging the fastest half-year growth since 2008, Reuters reported.

Volvo recalls 447 cars in S Korea for steering oil leak

2011-08-18 14:01:00

Global automaker Volvo recalled 447 passenger cars sold in South Korea due to the possible oil leakage from steering wheel hose, the transportation ministry said Thursday.

HK MTR wins development site in mainland

2011-08-18 13:52:49

The Hong Kong railway operator MTR Corporation announced on Thursday that two of its subsidiaries won the land use right of a metro property development site in neighboring Shenzhen.

Ping An first-half profits rise 33%

2011-08-18 10:56:40

Ping An Insurance (Group) Co of China said first-half net profits rose 32.7 percent year-on-year, boosted by fast growth in industrial insurance premiums and higher income from its banking businesses.

Wizard 101 game to enter China in TaoMee deal

2011-08-18 11:36:20

KingsIsle, the US maker of the popular online game "Wizard 101", is coming to China through a partnership with TaoMee Holdings, a publicly traded Chinese company that runs websites for children, Reuters reported.

China says ConocoPhillips' spill cleanup measures 'ineffective'

2011-08-18 11:24:46

China's maritime authority on Wednesday once again urged ConocoPhillips China, a subsidiary of the US-based oil company ConocoPhillips, to take effective measures to contain oil spills and clean up oil-contaminated mud in the Bohai Bay before September.