Business / Trendsetter

30m more homes to have fiber optic connection

[2014-03-24 09:06]

Move will bring the users benefiting from the country's Fiber-To-The-Home program to nearly 200 million by the end of this year.

China launches new search engine

[2014-03-22 14:08]

A new Chinese-language online search engine launched on Friday, marking China's first search service set up by the country's major news organizations.

Tarena International sets IPO price

[2014-03-21 17:30]

Tarena International Inc, a provider of IT education in China, said it expects to price its initial public offering of 15.3 million class A American Depositary Shares at $8-$10 per share.

China to increase broadband coverage in western region

[2014-03-21 16:26]

China will speed up the construction of broadband and fourth-generation networks in less-developed western provinces this year, said Miao Wei.

China's mobile Internet consumption to surge

[2014-03-21 09:50]

China's mobile Internet consumption will reach 2.16 trillion yuan in 2015, said Lu Wei, secretary-general of the Internet Society of China.

Huawei a major player in China-EU relations: envoy

[2014-03-20 22:04]

Chinese telecommunication giant Huawei plays an important role in the development of China-EU relations, said Yang Yanyi, ambassador of the Chinese Mission to the European Union.

Huawei expects high growth potential in Middle East

[2014-03-20 10:17]

China's biggest provider of information and communication technology (ICT) Huawei said it expected its business for the Middle East region a growth of 36% per year until 2018.

China Telecom profit increases 17 percent in 2013

[2014-03-20 07:28]

China Telecom Corp Ltd posted a 17.4 percent rise in net profit for 2013 as it gained subscribers of its third-generation (3G) services.

Giant Interactive to delist from NYSE

[2014-03-18 07:35]

Giant Interactive Group will be China's first United States-listed online gaming company to go private, due to its low valuation on the New York Stock Exchange.

Investment company to acquire online game producer

[2014-03-17 14:50]

Giant Investment Ltd will acquire leading Chinese online game company Giant Interactive Group for $3 billion and take it private, according to the US-listed company on Monday.

Alibaba confirms IPO in US

[2014-03-16 16:20]

China's e-commerce giant does not give a timetable or specify which bourse, but analysts say it would be the world's biggest IPO since Facebook in 2012.

PBOC puts brakes on online payments

[2014-03-14 13:29]

China's central bank hit the brakes on virtual credit card products and payment services including QR code payments as Internet finance services competition becomes cutthroat.

China and Ireland launch bilateral fund

[2014-03-14 08:58]

China and Ireland have jointly invested in a $100 million fund to facilitate bilateral investment in the technology sector.

Alibaba takes control of HK-listed ChinaVision

[2014-03-12 08:58]

China's largest e-commerce company agrees to buy 12.49b shares in ChinaVision for $804 million to raise its holding to 60% in the Hong Kong-listed firm.

Strike collapses at S China IBM

[2014-03-11 23:33]

The strike at an IBM plant in Shenzhen,in South China's Guangdong province, subsided on Tuesday, its ninth day, as some employees accepted a new compensation scheme.

Alipay to issue online credit cards

[2014-03-11 17:43]

Users of China's most popular online payment service, Alipay, will have the chance to apply for credit cards for online consumption starting next week.

IBM fires 19 in labor dispute

[2014-03-10 22:03]

More than 1,000 workers walked off the job on March 3 to protest the company's offer of severance packages ahead of acquisition by Lenovo.

Tencent to take 15% stake in

[2014-03-10 10:25]

Deal between China's Internet giant and leading online retailer is seen as a major threat to Alibaba, the country's dominant player in e-commerce.

China's specialist computer firm bets on home market

[2014-03-09 16:38]

EVOC, a leading specialist computer manufacturer in China, sees rosy future in the country's domestic market with cyber security issue becoming a top government priority.

Baidu eyes JV to secure banking license

[2014-03-09 16:34]

China's biggest online search company may form a partnership to apply for a private banking license.