More Web firms turn to private share funding
2011-05-03 10:35:24
More Internet companies in China are turning to private share placements for funding that they could previously raise only from initial public offerings in overseas stock markets, Bao Fan, chief executive officer of China Renaissance Partners, said.
Intel inks cloud computing deal with UIT
2011-05-03 10:04:21
Intel Capital Corp, Intel Corp's global investment vehicle, announced last week its first storage investment in China to develop its cloud-computing capability.
Chinese prefer mobile over fixed-line phones
2011-04-29 14:18:13
More Chinese are disconnecting their fixed-line telephone service and turning to mobile phones, according to China's Ministry of Industry and Information Technology (MIIT).
Baidu bullish on future prospects
2011-04-29 13:27:33
Baidu Inc, the owner of China's most popular search engine, has "plenty of room" to expand, according to Chief Executive Officer Robin Li, after some analysts projected slowing growth at the company.
Baidu doubles Q1 profit
2011-04-28 16:57:57
For the first quarter, Baidu reported net income of $163.5 million, or 47 cents per American Depository Share, and its first sequential decline in profit in over a year. Analysts had estimated earnings per ADS of 45 cents.
Mobile technology changing rapidly
2011-04-28 15:41:55
A mobile Internet user can find friends, take advantage of discount offers and then have dinner or go to a karaoke bar together, thanks to rapidly changing mobile phone Internet technology, Innovation Works Chairman and CEO Kai-Fu Lee said.
Huawei aims to triple sales
2011-04-28 14:27:25
Huawei Technologies Co Ltd aims to more than triple its annual sales to about $100 billion in the next five to 10 years as it expands into cloud computing and small-business networks.
iPhone 4 now in white
2011-04-28 13:25:04
Apple Inc announced the white iPhone 4 would hit the shelves on Thursday in 28 countries and regions including the Chinese mainland, Sina.com reported.
Baidu challenges rivals in battle of applications
2011-04-28 10:01:01
Baidu Inc is taking on Tencent Holdings Ltd and Sina Corp in a scramble to gather application developers worldwide by fully opening its platform and offering a sizeable fund package.
Huawei starts manufacturing in India
2011-04-28 09:52:28
Chinese telecom gear maker Huawei Technologies has already kicked off the production of optical network transmission equipment in a plant in Chennai of South India, said Justin Chen, CEO with Huawei Technologies India Pvt Limited on Wednesday night.
Sina: no plan to list weibo operation
2011-04-27 14:55:42
Sina Corp, China's largest Internet portal, has no immediate plans to list its microblog operations, its chief said on Wednesday.
Huawei sees revenue growth slowing in 2011
2011-04-27 14:42:28
Huawei Technologies Co Ltd, the world's No 2 network equipment maker, expects growth in revenue to slow in 2011, but still reach the $100 billion mark in a decade, driven by the sales of telecom devices and smartphones.
