Posts Tagged ‘finance’
China Lowers Corporate Income Tax Rate For 186 Software Enterprises
January 13th, 2010
Chinese government departments have jointly issued a notice about key software enterprises included in China’s [...]
Chinese Internet Shopping Security Alliance To Be Established
December 10th, 2009
Chinese anti-virus solution provider Kingsoft says it will join hands with e-commerce service provider Taobao.com, [...]
China To Issue Licenses To Domestic Online Payment Companies
December 7th, 2009
According to Ouyang Weimin, director of Payment System Department of the People’s Bank of China, [...]
Netease Initiates Credit Email Alliance
June 22nd, 2009
Netease, one of the major email service providers in China, has launched a credit email alliance and the alliance has been joined by many companies from the finance, third-party payment, e-commerce and online games industries.
By making use of its expertise in anti-fraud and anti-spam, Netease provides encryption technology for the certification of the credit email [...]
Sanlian Group Sues Gome Over Illegal Acquisition
January 16th, 2009
Shandong-based retailer Sanlian Group has sued several companies, including the Chinese electronics retail giant Gome, for the illegal acquisition of 27 million shares in Sanlian Group’s Sanlian Commerce subsidiary and has asked the court to announce the purchase as invalid, as well as seeking CNY50 million compensation from these companies.
Sohu.com COO Gong Yu Resigns In China
December 15th, 2008
Rumors are swirling in Chinese media today that Gong Yu, chief operating officer for the Chinese Internet portal Sohu.com (SOHU), will soon depart from his position.
Gome Hires Ernst & Young For Financial Audit In China
December 15th, 2008
Hoping to bolster investor and supplier confidence, Chinese electronics retail giant Gome has hired the Ernst & Young Hong Kong office as an independent external accounting division to check Gome’s financial conditions as of November 30, 2008.
Focus Media Will Sell Subsidiary To Competitor
December 9th, 2008
Chinese digital media and advertising company Focus Media (FMCN) will sell its subsidiary Sports Media to its competitor Goodmedia.
China Postal Savings Bank Inks New Credit Card Processing Agreement
December 4th, 2008
TSYS announced that China UnionPay Data Services, TSYS’ joint venture with China UnionPay, has signed a credit card processing agreement with China Postal Savings Bank, China’s fifth largest lender.
