Alibaba Group announced in a statement that it has finished the first round of repurchase of Yahoo’s stake in the company. The transaction will stream $7.6 Billion in Yahoo’s direction. China’s largest online retail and B2B giant announced on May 20 jointly with Yahoo that it will reduce the US-based web portal’s stake in Alibaba […]
Sep 22 2012 | Posted in
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Du Pengyu, a spirited shuttler from China, stretched his impressive performance and secured his place in Men’s Singles semi-final after showing exit to his compatriot Wang Zhengming in quarter-final showdown at Li Ning China Masters Super Series in China, on September 14. The fourth seeded Pengyu, who has been positioned at number 10 in Men’s […]
Sep 20 2012 | Posted in
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Chen Yuekun hammers Matthieu Lo Ying Ping qualifying round battle at Li Ning China Masters Chen Yuekun, one of the spirited shuttlers from China, put up spectacular show of impressive badminton and overpowered France’s Matthieu Lo Ying Ping in Men’s Singles qualifying round at Lining China Masters 2012 at Changzhou, China, on September 11. The […]
Sep 18 2012 | Posted in
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A poll conducted by Chinese web portal Sina.com suggests that Chinese customers are not so excited about the new iteration of smartphone from Apple, the iPhone 5. A state-run Chinese newspaper Xinhua published the report saying that majority of the people asked about the new iPhone said they are not interested in the handset. “I […]
Sep 15 2012 | Posted in
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Alibaba Group is making a pretty penny and will further its sales volume by the end of this year. These were the remarks from Zeng Ming, Alibaba’s chief strategy officer. Ming went on to say that the company’s value of merchandize will surpass that of Amazon and eBay combined. The company holds a major share […]
Sep 12 2012 | Posted in
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China, the all-time friend of Pakistan, has assured its complete assistance to Pakistan on regional and international issues during a meeting between Pakistani Prime Minister Raja Pervez Ashraf and Chinese Prime Minister Wen Jiabao in Tianjin, China. Pakistani Premier Raja Pervez Ashraf is currently visiting China to attend the annual meeting of World Economic Forum […]
In his first official visit to China, Prime Minister Raja Pervez Ashraf on Monday left for China on a four-day trip to attend the meeting of World Economic Forum (WEF), scheduled to be held from September 10 to 13 at Tianjin. While speaking to the media at Benazir Bhutto Airport, the premier said that the […]
eBay owned PayPal stated Thursday that it is still waiting for a reply from Chinese central bank, People’s Bank of China, on the request filed for online payment services license in the country’s domestic market. According to the company, the application was filed a year earlier and is still in approval process. They say they […]
Sep 8 2012 | Posted in
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Microsoft is expanding its human resource pool by a thousand more employees in China to increase the product services it offers in the region. Due to the briskly expanding consumer market in China, the Seattle-based company has decided to increase the workforce in research and development, and customer services. China is the fastest growing mobile […]
Sep 8 2012 | Posted in
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Chinese top search engine Baidu on Monday introduced a new namesake mobile browser for smartphones and tablets. The news was taken cordially by investors as the three-week long share price decline came to a halt. The new web browser will be available first on Google’s mobile operating system platform Android. The company said that the […]
Sep 6 2012 | Posted in
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China’s smartphone market is growing a faster rate than the US, research firm IDC said in a report. The firm estimated that the Chinese market, despite all the slow economy, will surpass the US market at the end of this year. IDC expects that China will gouge a 26.5 percent share of the smartphone sales […]
Sep 1 2012 | Posted in
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Lin Dan, the most promising shuttler from China, showed his supremacy on court as he easily registered a comprehensive victory over the experienced Lee Hyun Il of Korea in Men’s Singles semi-final clash at the Olympic Games 2012 on August 3, at Wembley Indoor Arena, London. The World Number One Lin, who was defending champion […]
Aug 24 2012 | Posted in
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