IN BRIEF (Page 14)

Lifan resumes IPO plan

Lifan Group, one of China's biggest motorcycle makers which is diversifying into car production, is planning an initial public offering in Shanghai this year, to raise as much as 3 billion yuan, Reuters reported yesterday. Lifan, partly owned by an American International Group affiliate, has hired Guotai Junan as its adviser, the report said, citing unnamed sources.

China Unicom 3G trials