Olympus quits low end compact camera business. Focus on mirrorless and high end compact.
This comes as a “no surprise” for everyone here. The Wall Street Journal reports: “Olympus said it will eliminate its V series of compact cameras – the cheapest in its lineup, selling for less than $ 200. Its camera business posted [...]
U.S. small business confidence rebounds in April
WASHINGTON, May 14 (Xinhua) — U.S. small business confidence went up again in April after last month’s drop, but pessimism still abounded within the sector, a leading industry association said Tuesday.
The National Federation of [...]
Baidu Buys Online Video Business of PPS for US$370.00M
Baidu’s acquisition of PPS dropped the curtain finally on May, 7, when Baidu announced that it has paid US$ 370.00M to purchase online video business of PPS and will merge it with iqiyi.com. PPS will serve as a sub-brand of iqiyi.com to [...]
University of International Business and Economics holds culture festival
Updated: 2013-05-10 10:00
By Hou Liqiang (chinadaily.com.cn)
The Fourth International Cultural Festival of the University of International Business and Economics (Beijing) opens on Thursday, with the participation of more than 50 foreign diplomats [...]
Baidu buys PPS online video business for $370m
Baidu Inc announced Tuesday it is buying streaming video service provider PPS Net TV for $ 370 million, the latest demonstration that China’s biggest search engine operator is trying to claim a bigger share of China’s burgeoning [...]
Baidu Buys PPS Online Video Business to Contend With Youku Tudou
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Baidu Inc. (BIDU) said it’s buying PPS Net TV’s Internet video business for $ 370 million as the owner of China’s largest search engine competes for online viewers with Youku Tudou Inc. (YOKU)
Baidu [...]
China’s Baidu to Pay $370 Million for Internet Video Business
[unable to retrieve full-text content]China’s biggest search engine company said acquiring the Internet video business of PPStream would provide more television shows and movies for users and expand its offerings for advertisers.
NYT > [...]
WeChat launches services for Taiwan business clients
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Chinese internet giant Tencent launched its WeChat instant messaging services for Taiwanese companies on Thursday, which enables account holders to purchase flight tickets online and acquire boarding passes [...]
Another milestone for RMB business
Updated: 2013-05-03 06:10
By Raymond So (HK Edition)
The Treasury Market Association announced last week that Hong Kong is going to publish the fixing rate of the Hong Kong Interbank Offer Rate (Hibor) for the offshore renminbi market. This [...]
Chinese ambassador calls on young British business people to seize opportunities in China
LONDON, May 2 (Xinhua) — Young business people in Britain are encouraged to seize the opportunities brought by the “Chinese Dream,” and to contribute to a brighter future of China-Britain relations, Chinese ambassador to [...]
Chinese Way of Doing Business: In Cash We Trust
The New York Times’ David Barboza looks at the economic and political reasons why cash is so dominant in financial transactions in China and why the government has never printed currency in bills larger than 100 yuan:
For all China’s modern [...]
Chinese Way of Doing Business: In Cash We Trust
[unable to retrieve full-text content]For all its modern trappings, China still prefers to pay for things the old-fashioned way, refusing to print a note larger than the 100-renminbi bill, which is worth about $ 16.
NYT > China
Baoxing gets back to business, but quake fears linger
Updated: 2013-04-27 02:28
By Tang Yue and Yang Wanli (China Daily)
Six days after the Sichuan earthquake, residents in the county seat of Baoxing were still dealing with the aftershocks and living in tents.
But lingering fear and daily inconvenience [...]
Lenovo Said to Be in Talks to Buy IBM Server Business
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International Business Machines Corp. is looking to part ways with the servers that have powered much of the Internet.
The company is in advanced discussions to sell its so-called x86 server business to [...]
Why the city’s movie business can’t match Hollywood’s industry
Updated: 2013-04-19 06:14
By Li Kui-Wai (HK Edition)
The 32rd Hong Kong Film Awards were held on Saturday. Hong Kong’s movie world has quite a long history, and has become a brand name in Chinese and Asian communities all over the world. [...]
Search giant aims to boost ad business
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Google Inc, the US search giant, plans to boost its operations in China on display advertising, mobile services and advertising for Chinese exporters, amid negotiations with the Chinese government about [...]
China’s ZTE says it basically dropped Iran business
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(Reuters) – ZTE Corp, China’s second-largest telecoms equipment maker, has essentially stopped doing business in Iran after a U.S. investigation into alleged sales of embargoed equipment, the [...]
Beijing cabbies fear loss of business
Updated: 2013-04-18 02:10
By XU WEI (China Daily)
Beijing’s decision to increase taxi fares has fueled fears among cab drivers that it could lead to a slump in passengers.
City authorities will adjust tariffs in the next two months, [...]
Huawei’s Wireless Network Business May Be Affected In America
Cai Mengbo, marketing vice president of Huawei wireless network, revealed to Chinese local media that Huawei’s wireless network business may not see growth in the American market in 2013.
However, Cai said in other marketplaces, Huawei’s [...]
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