Posts Tagged ‘investment’
Cloud Computing Center Planned In Taiwan
February 1st, 2010
Chunghwa Telecom, Trend Micro, Taiwan’s Industrial Technology Research Institute, and Taiwan’s Institute for Information Industry [...]
China’s 360 To Explore Mobile Phone Security Industry
January 22nd, 2010
Chinese Internet security software provider 360 has announced plans to acquire Msafe.com.cn, a Chinese mobile [...]
Alibaba Spars With Yahoo About Google’s China Problems
January 18th, 2010
Chinese e-commerce behemoth Alibaba Group is sparring with Yahoo, one of its partners, over statements [...]
Govt Crackdown: Chinese VoIP Website UUCall Suspends Services
October 13th, 2009
According to reports in local media, Chinese voice over IP service provider UUCall has suspended its services for breaking Chinese laws.
The reports state that on October 7, 2009, the domain name services system of the website for UUCall broke and its services were closed. The sudden service closure reportedly affected 30 million registered users of [...]
IBM Becomes Second Largest Shareholder In Sichuan Changhong
January 19th, 2009
Chinese electronics maker Sichuan Changhong Electric has published a report stating that IBM (IBM) China has acquired a 1.56% stake in Sichuan Changhong for CNY108 million.
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.
The9 Announces Poison Pill Plan
January 13th, 2009
Chinese online game developer and operator The9 (NCTY) has announced that to protect the interests and rights of the company and its shareholders, its board of directors has approved a poison pill plan against hostile takeover.
Ctrip.com Ups Ante On Chinese Budget Hotel Growth
January 6th, 2009
Chinese Internet travel service provider Ctrip.com (CTRP) is betting on more offline revenue growth as it is raising its stake in China’s economy hotel chain Home Inns & Hotels (HMIN) to 8.72% from the previous 7.55%.
Taobao.com Invest CNY1.36 Billion To Build Taobao City In Hangzhou
January 6th, 2009
Chinese online auction website Taobao.com has started construction of its new headquarters, Taobao City in the Yuhang district of Hangzhou, and the project will cost about CNY1.36 billion. Taobao City is planned as the new office building of Taobao.com, which is a subsidiary of Chinese e-commerce company Alibaba. The construction of the Taobao City will [...]
TPV Technology Group Acquires Exclusive Rights To Philips’ Monitor Business
January 5th, 2009
Chinese monitor maker TPV Technology Group has announced plans to invest no more than USD15.4 million to acquire the exclusive rights of Philips’ computer monitor business for five years.
